The latest data findings suggest that the population of the Eastern European state, Ukraine, is the state that has the most interest in digital assets, with Russia and the United States coming in the second and third positions respectively.
Ukraine Outperforms Global Giants In Crypto Awareness
According to BrookChooser’s survey, a cryptocurrency brokerage firm, Ukraine emerged as the most crypto-aware nation, with Russia, United States, and Kenya grabbing the other top four positions.
BrookChooser has conducted the new research putting into account several factors, including the number of digital asset owners and the global adoption index to determine, which is the most crypto-aware country across the globe.
The new survey also used Google searches analysis with phrases such as “cryptocurrency,” “compare cryptocurrency,” “what cryptocurrency to invest in,” “cryptocurrency to buy,” “cryptocurrency trading,” “cryptocurrency trends,” and “cryptocurrency brokers,” which played a significant role in the survey.
Although Ukraine has intensified massive financial problems, securities issues, and a high percentage of poverty, its residents have reportedly shown major interest in digital assets. As a result, the Eastern European state topped the chart, scoring 7.97 out of 10.
The sovereign Republic of Russia, the largest nation by landmass, took the second spot while the United States, the leading economic superpower, came in the third position.
Remarkably, despite intensifying massive economic difficulties, Kenya held onto the fourth position. Nevertheless, this was not a surprise since the survey outlined that people from emerging economies often indulge in crypto to seek a safe harbor for their savings in the face of currency devaluation.
On the other hand, the survey has noted that crypto adoption in well-developed areas such as North America, Western Europe, and Eastern Asia was escalated by more institutional investments.
Ukraine Seems Prepared For Crypto
Ukraine is today in a state of ambivalence about cryptocurrency. Digital assets in Ukraine are neither legal nor prohibited. In that case, Ukrainians can’t either use Bitcoin or other altcoins in payment for goods and services, but investors can comfortably buy and sell them on exchanges within the country.
Earlier last month, the legislature passed a draft bill legitimizing and regulating digital assets within the Ukraine jurisdiction. Once approved by President Volodymyr Zelensky, the new legislation will offer protection to investors and trade venues from fraudulent activities.
While commenting about the proposed legislation at the time, Mykhailo Fedorov, Minister of Digital Transformation, outlined that the popularity of the asset class among the Ukrainian population has increasingly soared. Fedorov anticipated that the Eastern European nation could be amongst the top state giving legality to digital assets.
In the same context, Oleg Kurchenko, CEO of the platform Binaryx, emphasized that the new registration:
“will reduce stereotypical attitudes towards cryptocurrencies and would help them become basic financial instruments.”
However, the top executive cautioned that mistrust issues by the state could scare away the investors.