According to recent research, the people of Ukraine, an Eastern European country, are the most interested in digital assets. Russia and the United States came in second and third place, respectively.
Defeating the Giants
BrokerChooser, a cryptocurrency brokerage firm, considered several factors, including the total number of digital asset owners and the global adoption index, to determine which country is the most crypto-aware globally.
Google searches for the terms “cryptocurrency,” “compare cryptocurrency,” “what cryptocurrency to invest in,” “cryptocurrency to buy,” “cryptocurrency trading,” “cryptocurrency trends,” and “cryptocurrency brokers” were also important in the survey.
Despite financial difficulties, war issues, and a high percentage of poverty, Ukrainians have recently shown a strong interest in digital assets, topping the chart with a 7.97 score (out of 10). Russia was ranked second in terms of landmass, while the United States was ranked third in terms of economy.
It is worth noting that Kenya, another country experiencing economic difficulties, is in fourth place. This is not surprising given that, as the research shows, people from emerging markets frequently turn to the digital asset industry to protect their savings from currency depreciation.
Adoption in well-developed areas such as North America, Western Europe, and Eastern Asia, on the other hand, is primarily driven by institutional investors, according to BrokerChooser.
Ukraine Is Prepared for Crypto
As of now, the cryptocurrency environment in the ex-Soviet state is somewhat perplexing, as digital tokens are neither legal nor illegal. While Ukrainians cannot use bitcoin or altcoins to pay for goods or services, traders and investors can buy and sell them on local exchanges.
However, the local parliament passed a bill last month that could legitimize and regulate digital assets within Ukraine’s borders. The new legislation, if approved by President Volodymyr Zelensky, will protect investors and trading venues from fraud.
Mykhailo Fedorov, Minister of Digital Transformation, emphasized the asset class’s popularity among Ukrainians. He expressed optimism that the Eastern European country could become one of those with legal status.
In turn, Oleg Kurchenko, CEO of the platform Binaryx, believes that if passed, the bill will “reduce stereotypical attitudes toward cryptocurrencies and help them become normal financial instruments.” Kurchenko added that there was concern that mistrust of the state would drive away some investors.