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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.
(https://cms.zerohedge.com/s3/files/inline-images/Voro_Crypto-Ownership-site.jpg?itok=O4Yb4ZJ-)
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 (https://www.zerohedge.com/crypto/these-are-countries-highest-rates-crypto-ownership)
When voting in the poll, use this map
(https://worldinmaps.com/wp-content/uploads/united-nations-subregions-scaled-e1640865269201.jpeg)
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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.
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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.
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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.
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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.
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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.
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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
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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.
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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.
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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.
For me this is more accurate, as I can see on social media a lot of foreigners are settling in Dubai for the above reason which is the zero tax thing. I don't think it was based on numbers of people living in a specific country as well but instead it's literally crypto owners alone but I just don't know how they do the survey as we all know hundreds of possible wallet addresses can be owned by just one person so yeah no doubt UAE is on the top list.
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Personally, I was not surprised that the UAE occupies first place with the highest rates of ownership of cryptocurrencies in the world. The UAE is a very open country and has an open economic system that keeps up with technology continuously.
The open economic policy followed by the sheikhs of the Emirates makes it attract capital from all countries of the world, and it has lenient laws regarding crypto, which has made many major crypto companies actually move to work in the Emirates.
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Although it's a shame the article doesn't mention how they obtain the number/percentage, which makes me question it's accuracy.
Although it's a shame some people can't read
(https://i.ibb.co/CzfW9RG/3.png).............(https://i.ibb.co/djgjwFh/2.png)
Cryptocurrency Ownership Data
Learn about Cryptocurrency Adoption across the globe: Trends, Insights and Statistics
https://triple-a.io/cryptocurrency-ownership-data/
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I'm from the Philippines and I'm not surprised that we are in the list, just surprising to see Vietnam, but yeah, I guess there prefer crypto over banks and just like us, average people can own and acquire Bitcoin very easily, as government are very lax and maybe you can say that they are friendly as well.
As far as the numbers goes, yeah there could be plus or minus obviously as we all know that this data could not be as a accurate as we wanted so we have to understand that. But the main thing is that numbers could be growing specially right now that we are in a bull run.
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I'm surprised Indonesia is not on the list considering how friendly the country toward crypto in general is. Makes me wonder how many P2P transactions happened here according to this research, and how many users own crypto according to it. Hard to imagine the number is less than 1 million users if I look at the transaction volumes on an exchange I follow closely unless they faked it.
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Although it's a shame the article doesn't mention how they obtain the number/percentage, which makes me question it's accuracy.
Although it's a shame some people can't read
--snip---
You're right, i stand corrected. Anyway, their methodology looks rather complex and they even combine 16 different report/survey. So at very least, i don't think they're faking the number.
I'm surprised Indonesia is not on the list considering how friendly the country toward crypto in general is. Makes me wonder how many P2P transactions happened here according to this research, and how many users own crypto according to it. Hard to imagine the number is less than 1 million users if I look at the transaction volumes on an exchange I follow closely unless they faked it.
The source (Triple A) mention Indonesia has 4.40% percentage.
(https://i.ibb.co/6HjwkKH/a.png) (https://ibb.co/hB39SGB)
Although when i clicked "View More", it shows page for 2022 version which is weird.
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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
UAE is one of the best country for tourism and that is why you see that visitors from all over the world are going there, and since the government made the country a crypto friendly place for easy transactions, that has triggered more visitors to pump into the country for their own personal purposes. Such a place should indeed have the highest crypto owners.
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I slightly messed up the poll...
I was trying to improve the order in the list, and in doing so South Asia now has 0 votes, and the vote of South Asia is gone to West Europe.
West Europe should have only 1 vote - and you know him :D
Sorry South Asia!
My bad
(https://i.ibb.co/DVzfZ0R/2.png)
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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.
When you look at the fact that, apart from Ukraine, there is not a single other country from Europe that has some of the countries with the highest purchasing power and, accordingly, they certainly have a significant share of people who own cryptocurrencies. This is obviously a very limited survey conducted by a payment processor that apparently generates clients from those countries.
It is always interesting to see China in the top 10 countries when it comes to cryptocurrencies, considering that they banned them some 7-8 years ago. However, for me, a much more significant research would be to get data on where, for example, Bitcoin is mostly used as a cryptocurrency, and not as an investment.
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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.
When you look at the fact that, apart from Ukraine, there is not a single other country from Europe that has some of the countries with the highest purchasing power and, accordingly, they certainly have a significant share of people who own cryptocurrencies. This is obviously a very limited survey conducted by a payment processor that apparently generates clients from those countries.
It is always interesting to see China in the top 10 countries when it comes to cryptocurrencies, considering that they banned them some 7-8 years ago. However, for me, a much more significant research would be to get data on where, for example, Bitcoin is mostly used as a cryptocurrency, and not as an investment.
Perhaps there are investors from China who chooses to keep their Bitcoin or some altcoins. Before the total ban, it's more on them going after altcoin if I remember around 2017-2019 era, Bitcoin was not even in their top crypto if I remember it correctly. They have some altcoins that has been developed by the Chinese that is on the top. Now, it's really hard to gauge the data as the game really change already with institutions and whales are into investment with all the ETF's and other instruments and future contracts.
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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.
(https://cms.zerohedge.com/s3/files/inline-images/Voro_Crypto-Ownership-site.jpg?itok=O4Yb4ZJ-)
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.
UAE will lead the crypto space and they are quite enthusiast of crypto. They are providing maximum facility to use crypto currency for all foreign nationals of that country. UAE is an open door for those who want to build their career in crypto. Moreover, the country's government has also announced that they want to see the country as a hub for crypto. Whatever percentage of crypto usage they currently have, I'm sure they'll be able to make a big change in that position in the next few years.
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I thought my country was in the top 10 countries with the highest crypto ownership, but it's not, maybe I need to look in what order Asia is in,
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I thought my country was in the top 10 countries with the highest crypto ownership, but it's not, maybe I need to look in what order Asia is in,
When voting in the poll, use this map
(https://worldinmaps.com/wp-content/uploads/united-nations-subregions-scaled-e1640865269201.jpeg)
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Perhaps there are investors from China who chooses to keep their Bitcoin or some altcoins. Before the total ban, it's more on them going after altcoin if I remember around 2017-2019 era, Bitcoin was not even in their top crypto if I remember it correctly. They have some altcoins that has been developed by the Chinese that is on the top. Now, it's really hard to gauge the data as the game really change already with institutions and whales are into investment with all the ETF's and other instruments and future contracts.
I've seen a lot of different research over the years and it always seemed strange to me that the top countries in terms of "crypto adaptation" are those where there are some kind of bans regarding cryptocurrencies. However, it should probably be taken into account that a country that is quite crypto friendly but has less than 5 million inhabitants may have fewer crypto "users" than a country where cryptocurrencies are partially or completely banned, but that country has a very large population.
As I already wrote, the countries where there are the most people who own cryptocurrencies and the countries that have the most physical and online stores where it is possible to pay with cryptocurrencies are something completely different.
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Although it's a shame the article doesn't mention how they obtain the number/percentage, which makes me question it's accuracy.
Although it's a shame some people can't read
--snip---
You're right, i stand corrected. Anyway, their methodology looks rather complex and they even combine 16 different report/survey. So at very least, i don't think they're faking the number.
Thanks ABC
since the day I was heavily accused of spreading fake news (https://www.altcoinstalks.com/index.php?topic=317432.msg1519503#msg1519503) I'm a little touchy when someone questions the accuracy of what I write.
About this Triple-A website
I'm not going to bet my mother over their figures but I find they crunch numbers more than most surveys/articles about the same subject (Countries With The Highest Rates Of Crypto Ownership) that I occasionally met in the past.
If you have something better about the subject, feel free to let us know.