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World’s fastest crypto adopter
October 15 , 2022
775 days
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- The 2022 Global Crypto Adoption Index released by the blockchain researcher Chainalysis.
- It revealed that the Middle East and the North Africa (MENA) region witnessed 48 per cent increase in the volume of cryptocurrency received.
- This is the highest in the world.
- This region received cryptocurrency worth 566 billion between July 2021 and June 2022.
- Turkey currently tops the MENA countries by having highest value of cryptocurrencies received.
- After MENA, Latin America witnessed the second biggest cryptocurrency growth.
- It recorded a 40 per cent increase.
- It was followed by North America at 36 per cent growth and Central Asia, Southern Asia and Oceania at 35 per cent growth.
- The three MENA countries – Turkey, Egypt and Morocco – were among the top 30 in the index.
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