Chainalysis published its global crypto adoption index for 2022.
Vietnam is ranked first in cryptocurrency adoption for the second consecutive year.
India stood at 4th rank and two spots down from last year.
The report noted, “Out of our top 20 ranked countries, 10 are lower-middle income.
The Indian government still hasn’t laid out a proper regulatory framework for the cryptocurrency industry except for the 30% crypto tax which came into effect on July 1 of this year.