Chainalysis Research Points to Central and Southern Asia as Crypto’s Next Big Thing

Chainalysis Research Points to Central and Southern Asia as Crypto’s Next Big Thing

The global crypto adoption is down, but there’s more to the story.
Lower middle-income (LMI) countries, for one, have demonstrated an extremely promising crypto adoption trend. This cohort of countries constitutes 40% of the world’s population. Hence, if they are the future, they could be a big part of the crypto future, according to Chainalysis’ data.
In fact, Central & Southern Asia and Oceania (CSAO) is slowly shaping the future of crypto, with India in the lead.
India Remains Top Crypto Market
According to Chainalysis’ fourth annual Chainalysis Global Crypto Adoption Index, shared with CryptoPotato, India is by far the biggest CSAO cryptocurrency market and leads the world in grassroots adoption as measured by its Global Crypto Adoption Index.
India has even emerged as the second-largest crypto market in the world by raw estimated transaction volume, surpassing several wealthier nations in the process despite the challenging regulatory and tax environment.
The blockchai

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