Survey: Ukraine, Russia And US Are The Top Three Crypto-Aware Countries
A resent research reveals that Ukrainians are the most interested in digital assets, followed by Russia and the USA.
The cryptocurrency brokerage firm BrokerChooser researched several crypto-related factors such as the total number of digital asset owners and the global adoption index to determine which is the most crypto-aware country across the globe.
The crypto phrases included in the search were cryptocurrency, compare cryptocurrency, what cryptocurrency to invest in, cryptocurrency to buy, cryptocurrency trading, cryptocurrency trends, and cryptocurrency brokers.
Despite its financial problems, war issues, and a high percentage of poverty, Ukrainians have reportedly shown major interest in digital assets recently. On a crypto awareness score of 10, Ukraine topped the chart with a 7.97 score followed by Russia, the US, Kenya, South Africa, and the UK.
It is worth noting that Kenya on fourth place belongs to another country that experiences economic difficulties. The research findings highlighted that people from emerging markets often turn their sight towards the digital asset industry to protect their savings in the face of currency devaluation.
BrokerChooser noted that on the other hand, crypto adoption in developed areas like North America, Western Europe, and Eastern Asia is driven mainly by institutional investors.
Crypto in Ukraine
Ukraine’s stance on crypto is a little confusing; at the moment, digital tokens are neither legal nor prohibited. While Ukrainians cannot use bitcoin or other altcoins as payment options for goods or services, traders and investors can buy and sell them on exchanges within the country.
Last month, though, the local parliament passed a bill that could legitimize and regulate digital assets within Ukraine’s borders. Once approved by President Volodymyr Zelensky, the new legislation will offer protection to investors and trading venues from fraud.
Minister of Digital Transformation, Mykhailo Fedorov, said that crypto is very popular among the Ukrainian population. He raised hopes that the Eastern European nation could become one of those where it has legal status.
CEO of the platform Binaryx, Oleg Kurchenko, said that if successful, the bill “will reduce stereotypical attitudes towards cryptocurrencies and will help them become normal financial instruments.” However, there was a concern that mistrust of the state could drive some investors away, Kurchenko added.
