Countries With The Highest Rates Of Crypto Ownership (Poll)

[Peter90]

This graphic ranks the top 10 countries by their rate of cryptocurrency ownership, which is the percentage of the population that owns crypto.
These figures come from crypto payment gateway, Triple-A, and are as of 2023.

Note that if we were to rank countries based on their actual number of crypto owners,
India would rank first at 93 million people,
China would rank second at 59 million people, and
the U.S. would rank third at 52 million people.


The UAE Takes the Top Spot

The United Arab Emirates (UAE) boasts the highest rates of crypto ownership globally. The country’s government is considered to be very crypto friendly, as described in Henley & Partners’ Crypto Wealth Report 2023:
In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) was the first to provide rules and regulations regarding cryptocurrency purchasing and selling.
The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.


Vietnam leads Southeast Asia

According to the Crypto Council for Innovation, cryptocurrency holdings in Vietnam are also untaxed, making them an attractive asset.
Another reason for Vietnam’s high rates of ownership could be its large unbanked population (people without access to financial services).

zerohedge.com

[bayu7adi]

The Emirates are generally very open to new technologies and have proposed zero taxes for crypto owners and businesses.

Tax matters and also the culture in the UAE is very suitable as a place for people who are active in the world of cryptocurrency. We can see that the country is a rich country and that is clearly very attractive for everyone who wants to experience freedom in adopting cryptocurrency. Even though not many people want to bother changing citizenship to the UAE, at least the regulations there are more flexible and interesting to live in.

Taxes in some countries sound really scary, such as in Japan which taxes other income (including from cryptocurrency trading) at up to 55%. Most likely this is a profit from trading, so for those who have experienced the jackpot from Memecoin and are Japanese citizens, then less than 50% of the profit will enter their wallet. That's why the UAE is more attractive because of its 0% tax.

[TomPluz]

I am happy to see my country at the top 5 in this list and I am a little bit surprised with Vietnam which is already at number two spot in terms of the percentage of the population who are owning cryptocurrency. I guess Vietnam is providing a viable environment for their people to adopt innovations and be the leader in Asia in adopting cryptocurrency business. However, it is quite clear that there are still a lot of rooms to grow for the industry...am waiting for the time when 50% of all population will somehow be involved with cryptocurrency and the industry is really a big force in these countries.

[ABCbits]

30.4% percent? It's crazy high and that means you could talk about cryptocurrency to stranger as conversation starter. Although it's a shame the article doesn't mention how they obtain the number/percentage, which makes me question it's accuracy.

[NotATether]

I think the UAE has quite skewed the poll by a bit, because most Emiratis themselves do not own any crypto. Actually, there are a ton of foreigners who come from other countries and move to Dubai. Most of these people are very rich and chances are they brought some crypto with them. So actually what is being compared in that statistic is not the number of citizens (or even residents) who own crypto in each country, but rather the population density of crypto-owners, including people who just happen to be visiting the countries at the time.

[Zed0X]

Since one of the games that became viral in South East Asia (Axie) was developed by Vietnamese, I'm no longer surprised that they are top 2 in the list. I'm also confident that there are many P2E games that they play there.

30.4% percent? It's crazy high and that means you could talk about cryptocurrency to stranger as conversation starter.

Their population is over 9 million only that's why the percentage looks high.

[Cryptsafe]

I am not surprised seeing the UAE at the top most of the rankings with respect to crypto ownership globally based on OP analysis and write up here. From the onset, the UAE government have set up crypto friendly policies which is favourable for crypto enthusiasts all round the world and for that singular act, people have begun to visit the country for a safe haven for the time being. This alone have made UAE the top most  countries individuals would like to visit and so far they have all the human resources coupled with the fact that you

[robelneo]

So surprised to see UAE on top but this is based on the percentage of holders regardless of the population, UAE based on the data you provided, it is the most cryptocurrency-friendly I wish big countries like Russia and China would do the same, adoption would be fast and we will reach our goal, its good to see that my country is also on the top 5 even though are government is not very supportive on our cause, as there's still no explicit laws that promote Cryptocurrency in my country.

[LUCKMCFLY]

It is incredible that European countries do not have as much participation, the United Emirates is where they have the most people who make transactions with Bitcoin, even Venezuela is above El Salvador, it is incredible because one always puts the oojs in European countries, in fact in bitcointalk and in this forum there are always people who are more dominant in Europe, so basically the European countries should have the advantage in this, amazing that they don't have much to do, however I hope this statistic changes. for the better, because as I said, many who are from Europe are pro-Bitcoin.