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With the Financial Conduct Authority regulating crypto advertisements in the UK, the future of crypto is up in the air. Despite this, cryptocurrency continues to increase in popularity all around the world, so which countries are still investing in cryptocurrency despite the controversy?
The experts at HedgewithCrypto have analysed each country, based on the percentage of the population adopting crypto, the number of crypto ATMs and the online popularity of crypto to reveal which country has seen the biggest adoption of crypto adoption over the last three years!
 Top 10 countries ready for crypto adoption:
Rank |
Country |
Crypto adoption rate (%) |
Crypto ATMs |
Increase in Google searches since 2020 (%) |
Crypto-ready score out of 10 |
1 |
Australia |
18% |
240 |
196% |
7.37 |
2 |
United States |
16% |
33,639 |
166% |
7.07 |
3 |
Brazil |
24% |
25 |
355% |
6.81 |
4 |
United Arab Emirates |
34% |
6 |
261% |
6.41 |
5 |
Hong Kong |
16% |
146 |
209% |
6.40 |
6 |
Taiwan |
14% |
40 |
278% |
6.20 |
7 |
India |
25% |
2 |
316% |
6.12 |
8 |
Canada |
14% |
2,640 |
185% |
6.10 |
9 |
Turkey |
40% |
14 |
123% |
6.07 |
10 |
Singapore |
25% |
0 |
234% |
6.02 |
Australia is the most crypto-ready country when it comes to the adoption of cryptocurrency in 2023, with a score of 7.37 out of 10. The percentage of Australia’s population who have adopted crypto has more than doubled since 2020, rising from 8% to 18%. Aussies have shown an increased interest in crypto with a 196% increase in Google searches for crypto since 2020. The sale of cryptocurrency and other digital assets is legal and regulated in Australia.Â
The United States is the second most crypto-ready country in crypto adoption, with a score of 7.07 out of 10.  The US has increased its crypto ATMs by a massive 403% since 2020, and there are now 33,630 crypto ATMs throughout the country. The USA by far leads the charge for cryptocurrency infrastructure with over 30,000 more crypto ATMs than any other country and has also experienced a 166% increase in Google searches for crypto since 2020.
Brazil is the third most crypto-ready country in crypto adoption, with a score of 6.81 out of 10. Brazil has seen a huge increase in average monthly searches for crypto of 355%, showing an uptick in crypto interest in Brazil. Brazil also had 0 ATMs back in 2020 and has since opened 25. A new bill signed in December 2022 legalizes cryptocurrency throughout Brazil.
You can find the research in full here:Â https://www.hedgewithcrypto.com/crypto-adoption/Â
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.