The latest virtual currency adoption report by blockchain-based analysis firm, Chainalysis noted that India is among the top three countries with the most cryptocurrency usage according to the Global Crypto Adoption Index. The report stated that the Central and Southern Asia and Oceania (CSAO) region has risen as the dark horse of crypto adoption, with three of its countries topping the charts. While Vietnam acquired the first position on the Global Crypto Adoption Index, India became the first runner-up, and Pakistan came third. Furthermore, other surprising entries in the list were Thailand which placed 12th, and the Philippines with number 15 on the charts.
“Central & Southern Asia and Oceania (CSAO) is the fourth-largest cryptocurrency market we study with $572.5 billion in value received between July 2020 and June 2021, which represents 14% of global transaction value during the time period. CSAO’s transaction activity grew by 706% compared to last year in terms of raw val
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