The United States is Best Prepared to Adopt Cryptocurrency

The United States is considered the most prepared country to adopt cryptocurrency. According to a Crypto Head report, the US scored 7.13 out of 10 on the 2021 Crypto Readiness Index. A higher score indicates greater readiness to adopt cryptocurrency.

This readiness is partly due to the US having 17,436 cryptocurrency ATMs, each serving an average of 19,023 people.

US law also permits cryptocurrency ownership and its use in banks. As a result, searches for cryptocurrency have increased by 140% in the past year.

Following the US, Cyprus is in second place with a score of 6.47. The main factor supporting Cyprus' readiness is the high level of public interest. There were 33,941 searches per 100,000 people in Cyprus for cryptocurrency in the past year.

Singapore follows with a crypto adoption readiness score of 6.3. Hong Kong and the UK scored 6.27 and 6.06 respectively.

The Crypto Readiness Index covers 200 countries and territories. The analysis is based on the number of cryptocurrency ATMs in each country, government policies on cryptocurrency ownership, its use in banking, and public interest in cryptocurrency.