Thats just unbelievable and sarcastic to see the developing countries in the Top 5 list of Global Indexing where they are the top most contributors of crypto. I knew it, India would out-perform throughout the globe consider that peeps here are rich and has huge amount of black money to hide. Specially the politicians! The day won't be far when crypto whales would not be from USA or Europe but from the Indian Political background. Lolz. Believe me, India has seen billions of dollars back in days when they had to do change all the denominations so that money launderer would have been caught straight away.
This is a great article to study the crypto makers according to countries. It's big thing, even after crypto ban in the bill or at least null decisions on the Indian crypto, the country holds highest rank in crypto.
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A lot of people has certainly opened their eyes to crypto this recent year. The growing number of people exposed to some form of cryptocurrency is really good, especially if they are here to get educated and know a lot of facts on cryptos before deciding to spend any money on it.
In the Philippines, most people are introduced to cryptocurrencies thanks to the rise of NFT games. It encouraged them to learn more about cryptocurrencies, exchanges, and everything crypto related since P2E (play to earn) game models are on the rise. They see P2E NFT games as a gateway to a larger picture of the whole crypto scene, and that, IMO is aa pretty good start.
In the Philippines, most people are introduced to cryptocurrencies thanks to the rise of NFT games. It encouraged them to learn more about cryptocurrencies, exchanges, and everything crypto related since P2E (play to earn) game models are on the rise. They see P2E NFT games as a gateway to a larger picture of the whole crypto scene, and that, IMO is aa pretty good start.
What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control.
I believe that increase will continue as long as people are still ready to use and trade crypto, I say so cause of all the regulations and bans governments have been issuing of late, the Nigerian government's ban on banks accepting crypto transactions from exchanges is a very good example, they actually thought it would dissuade people from using crypto, but it was somewhat counterproductive as the interest in crypto amongst Nigerians heightened. Nigerians now comfortably trade crypto via p2p, increasing p2p trades; and that is the case in many countries with similar bans or hostilities, people would just avoid centralized exchanges/services and transact using p2p.If there is no improvement in global economics sooner rather than later and inflation still continues to plague diverse countries, then global crypto adoption may come at a time sooner than we actually expected it to.
These are actually pretty modest numbers, in India, I can vouch that every single person wants to invest their money in cryptos, they want to just throw their money in any coin they find, and if someone says that this shitcoin can make your money 10x, they will just blindly put all their life savings into that. Not only the young generation even the middle-aged people are realizing cryptocurrencies as an investment option, I have seen around 10 ICO projects which are undoubtedly nothing more than a scam in just the past one-week holding seminars in my city promoting their shitcoins, the only bad thing I see here is adoption isn't growing in terms of crypto as a currency which really is a matter of concern.
This is a good news for sure.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.
I think mining is not a problem for the government. It's just one of many excuses for banning bitcoin. Govt just doesn't want to legalize crypto without regulation. But they also can not stop the evolution of the blockchain and the crypto industry. I hope the Indian govt will understand the possibilities of this sector and make more amends about it. One of the largest countries in the world in population can give huge momentum in the whole industry.
No matter which number you use, it's still a lot of number I mean 8x than the last time is definitely a big deal although there's still a lot to go before we can get into total global adoption. I am really happy that the Chinese ban on crypto didn't even make so much as a small dent to the rate of adoption, it's still increasing China.
This is a good news for sure.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.
I do believe that after this news people can actually expect the government to make changes in the way their economy works, they might have to make more amends in the way the government perceives the crypto world. At the end of the day there are not many crypto friendly options available in the market.
Instead of fighting it they need to add renewable sources of energy for mining, which is simply being done in some countries and is a positive overall till now with the environment, economy and the people alike.
Seeing India on the top is honestly nice since in the past we did see a lot of negative news regarding cryptocurrencies and how they are perceived.
Well it seems the crypto winter is nowhere near! What excites me is that the increase in p2p trade. That's what is the need of the hour! Centralized exchanges can be closed anytime by the government but p2p trades are something, they might not be able to control. I am not surprised to see my country in top 3 because the exchanges are pushing really hard. I can see tv commercials from crypto exchanges during sports and high profile events! Those have yielded a good result it seems! Cheers to the mass adoption growth rate, the numbers are really amazing!
Well, I didn't expect that my country's place in the top1 rank is so high, compared to other countries countries like Venezuela, Kenya, Nigeria, Vietnam participating in cryptocurrency are quite crowded and it seems that the popularity The strongest change and response is in a developing country like Vietnam, where did you get this statistics?.
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