Chainalysis Report Says Vietnam Leads World in Cryptocurrency Adoption

Once again the ranking is dominated by countries categorized by the World Bank as “lower middle income,” such as Vietnam, Philippines, Ukraine, India, Pakistan and Thailand. Generally, these are economies where the national currency is weak and there is low availability of services for sending or receiving the currency across borders. In such countries, users “rely on cryptocurrency to send remittances, preserve their savings in times of fiat currency volatility and fulfill other financial needs unique to their economies,” the report reads.