- All the countries have realized cryptocurrencies’ potential and have plans to get this opportunity
- Countries such as Japan, America, China, Vietnam, and the Philippines are leading the crypto race.
Due to the high potential of the crypto market, it is expanding quickly. And this market is not limited to some specific developed countries due to the wider reach of the crypto and more global accessibility.
People even from undeveloped countries are investing in the crypto world. This article dives deep into the topic and analyzes the countries investing in the crypto world.
Top cryptocurrency users
- Japan
In 2023 Japan will be one of the countries that have fully embraced the crypto world. Today this country has the maximum number of crypto users. The Japanese government also has a very positive attitude regarding the crypto world. The Japanese government has taken many steps towards adopting this new technology of finance. The country is also working towards it.
The country has also started exploiting all the opportunities of Web 3. There are even various Japanese firms that have recognized bitcoins as legal tender.
Currently, Japan is one of the most crypto-friendly countries. Hence contains the most crypto users.
- United States
After Japan, most of the crypto users come from this country. This country not only has many crypto users but also hosts most of the crypto projects. Many crypto companies’ headquarters or developers are situated in this country. Even the current political scenario of this country is also in favor of cryptocurrencies. It is assumed that in the future, the US will become the foremost crypto player in the market.
- South Korea
South Korea has also welcomed cryptocurrencies with open arms and has come up as an example of a successful crypto economy. It is the leading market for bitcoin trading in the world.
- China
It is well known that this country has implemented hard restrictions on cryptocurrencies. The country supports its smart contract programs, such as TRON, NEO, VeChain, and Qtum. The authorities of China also believe that cryptocurrencies are the call of the century. They are well aware of the prospectus of using cryptocurrencies in various fields of decentralized finance. The authorities in China are working towards making cryptocurrencies more advanced because they believe that blockchain has the power to revolutionize the financial system.
- Vietnam
We all know about the technological advancements of Vietnam. It is the second-largest crypto market in ASEAN. The government of Vietnam is also well aware of the booming popularity of the cryptocurrency world and has taken steps toward legalizing cryptocurrencies.
The government has also launched a plan to legalize cryptocurrencies in the country. This task has been provided to its Ministry of Finance. It will revolutionize the crypto market in the upcoming time, and the task force built to do this has already started researching and fulfilling this task.
Surprisingly, 44% of its male population owns cryptocurrencies, and 35% of the female population also owns them. Most of the Vietnamese crypto owners are aged between 18-34 years of age.
