I'm quite surprise at this stat. The first country I actually checked for was El Salvador, but it looks like there are other countries that are more tasty/ have more hunger for crypto adoption than those that even made it a legal tender.
Ironic truth, I guessed this is among the main reason people hardly those legal tenders as something important because facing governmental issues in crypto adoption are even doing better than those where the government fully support of it, though think population and economic factor play a long role in this though.
When they actually mentioned sub Saharan Africa, they will literally referring to us the Nigerians, as no other country could even come close. I would have liked to the see look on CBN's governs face, after seeing this stat. It's obvious that government's restrictions on cryptocurrency can't stop it's adoption among the citizens that are fighting for survival, even though we had to do it secretly.
It's obvious the Nigerian government has no chance of stopping crypto adoption in Nigeria, especially from the fact that it's now known majority use Defi than centralize exchanges, if they can be sensible they should just come up with a fair regulation for them to get something economically because we won't stop cryptocurrency adoption in Nigeria.
I think we will see more of this adoption in Nigeria, seeing the number of people that has involved themselves in altcoin and airdrop related matters lately. But I doubt if any other country can overtake India from that top spot considering their economic problems and other things. I just remembered that the India government also have some tough rules on ground for exchanges. So it's obvious that the government of the two leading countries are not 100% opened to cryptocurrency, but they still ended up topping the chart.
Nigeria and India will continue to lead since we're both facing high economic recession though I'm curious why did these big exchanges (binance & okx) comply with the India government terms rather than discontinued their service there just like they did in Nigeria ?
Also I think Indonesia still has a chance of topping Nigeria since we have similar population and they seems even more and also from the fact that their government has been in support of cryptocurrency and not like ours.
And @Op, I noticed something. You mentioned that the united state dropped to 4th. but I checked last year's analysis, they were in same position. Vietnam actually dropped from 3 to 5, while Ukraine dropped from 5 to 6.
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Thanks for this I guessed I misinterpreted something earlier, Op has been updated.