Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on several key metrics, such as Google searches, crypto ATM saturation and legislation.
The 2021 Crypto-Ready Index, courtesy of research firm Crypto Head, gave the United States a top score of 7.13 out of 10.
“In terms of crypto ATMs, the USA is leading the way with over 17,000 which is by far the most in the world, as the next closest country has around 16,000 less,” the results, which were released on Thursday, showed. “US law allows for ownership of crypto and its use in banks, and there has been a 140% increase in searches for cryptocurrency in the past year.”
Cyprus was named as the second most crypto-ready jurisdiction in the world, mainly for the sharp increase in Google searches over the past year.
Rounding out the top five are Singapore, Hong Kong and the United Kingdom.