Report Shows United States At The Top Spot Among Crypto Ready Countries
Crypto Head recently published a report placing the United States on top of its list of “Crypto ready” countries. One indication that the country is ready to adopt cryptocurrencies is the whopping number of Bitcoin ATMs presently operating in the U.S. Related Reading | Elon Musk’s “Baby Doge” Tweet Spikes The Dogecoin Price The research […]
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Bitcoin advocates may lambast the US government for being slow to clarify its position on bitcoin, but Senator Tom Carper doesn't think it's all that bad. The chair of the Senate Homeland Security and Governmental Affairs Committee released a report today exploring the legal status of virtual currencies in 40 countries. The findings? Most countries are still fumbling their way towards clarity, if they're bothering at all. "This report has some good news - namely that the United States may not be as far behind the curve on virtual currencies as some have argued," Carper said. "In fact, the....
Venezuela, one of the first countries in Latam to be considered “crypto-friendly” by some standards, has ranked third in adoption rates, according to a report issued by the United Nations. The report, issued last month, states that the cryptocurrency ecosystem has grown by 2,300% between September 2019 and June 2021, and that the Covid-19 pandemic was one of the main catalysts for this growth. Venezuela Among Countries With Most Crypto Adoption A report issued by the United Nations Conference on Trade and Development has found that Venezuela ranks third among the countries....
Donald Trump's idea to finance the US-Mexico wall by imposing taxes on remittance between both countries will see people opting for Bitcoin and other cryptocurrencies. Cryptocurrencies may soon rule the United States – Mexico remittance market. As President Donald Trump reiterates his vision to build a wall between the two countries, United States may look for ways to recover a portion of expenses from Mexico either through increased taxes or remittance blockades. Mexico may not willingly bear its fair share of costs as it is not comfortable with the wall separating both countries. It....
Lower-middle income countries hold a majority of the positions in the top 20 countries in terms of crypto adoption. While global adoption slowed down because of the chilling winds brought about by the crypto winter, emerging markets seem to be on fire in terms of crypto adoption as they surpass higher-income countries in an index that measures adoption. In a report titled The 2022 Global Crypto Adoption Index, blockchain data platform Chainalysis analyzed the millions of crypto transactions worldwide, web traffic and other on-chain metrics to determine which countries are on top in terms....
Bobby Lee has a theory on why most countries aren't enacting new Bitcoin regulations. While there are currently many different countries around the world making their own recommendations when it comes to how Bitcoin should be regulated, the reality of the situation is that most central banks and regulators are looking to the United States for guidance on this matter. Although many Bitcoin entrepreneurs in the United States have denounced their country's stance on Bitcoin thus far, the truth of the matter is that New York City is still the financial center of the world. There has been a....