India Stands 4th in Global Crypto Adoption Index 2022

• Blockchain analysis platform Chainalysis published its global crypto adoption index for 2022 of nations with the highest cryptocurrency adoption rate with India ranking fourth in the list, two spots down from last year. Chainalysis report noted that the emerging markets dominate the Global Crypto Adoption Index this year.
• The report noted, “Out of our top 20 ranked countries, 10 are lower-middle income: Vietnam, Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia. Eight are upper-middle income: Brazil, Thailand, Russia, China, Turkey, Argentina, Colombia, and Ecuador.”

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