cryptocurrency

Vietnam once again at the forefront of digital asset adoption

Vietnam once again at the forefront of digital asset adoption
  • Vietnam received a full score of 100 after applying the rating methodology.
  • 21 percent of Vietnamese consumers have used or owned digital assets at some time.

according to decompositionNew research, “The 2022 Global Crypto Adoption Index,” is still higher than it was before the bull market.

Vietnam, which was the frontrunner in 2021, regained the lead, followed by the war-torn Philippines and Ukraine. In a surprising turn of events, China, where the popularity of bitcoin plummeted after the ban on cryptocurrencies in 2021, is back in the top ten.

China bounce

Chainalysis reports that the global adoption rate of cryptocurrencies has slowed since mid-2019. Vietnam scored a perfect score of 100 when the organization applied its rating methodology to 154 countries. The high interest in blockchain-based games in Southeast Asia may be one explanation for the country’s second consecutive victory.

21 percent of Vietnamese consumers have used or owned a digital asset at some time in their lives, according to another survey by Chainalysis. The highest percentage of people who have used bitcoin or alternative cryptocurrency is in Nigeria, at 32%.

The Philippines comes second on the “World Crypto Adoption Index 2022,” with a score of 0.753, followed by Ukraine in third place with a score of 0.694. Due to the serious disruption of the Ukrainian economy caused by the armed war with Russia, some locals chose to deal with digital currencies instead of currencies.

Although two high-income per capita countries, the United States and the United Kingdom, made it into the list of the best performing countries, they are in the fifth and seventeenth places, respectively.

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