JAKARTA – The United States (US) often shows negative sentiment towards cryptocurrencies. Even the crypto market has experienced a crash due to the policies issued by the US some time ago. But in fact the US is called the “most ready for crypto” country.
According to a Cointelegraph report, despite not having a clear legal basis for the use of cryptocurrencies, the US is the “most crypto-ready” country based on a number of key metrics namely Google searches, crypto ATMs and legislation.
A research firm, Crypto Head, has given the United States a score of 7.13 out of a maximum of 10 in the 2021 Crypto-Readiness Index. This puts the US at the top of the list of the most crypto-ready countries this year.
“In terms of crypto ATMs, the US leads with over 17,000 (ATMs) which is by far the most in the world, as the next closest country has around 16,000 fewer,” said Crypto Head, on Thursday July 1.
This proves that legally, the US allows the ownership of cryptocurrencies and their use in banks. Crypto ownership among US citizens has seen a significant increase.
“US law permits the ownership of crypto and its use in banks, and there has been a 140% increase in crypto searches in the last year.”
Cyprus is the second most crypto-ready country after the US. Then in the third, fourth and fifth positions are occupied by Singapore, Hong Kong and England. While in the sixth to the top ten positions are occupied by Ireland, Slovenia, Australia, Germany, and Canada.
During the Donald Trump administration, the US was tough on crypto. However, the US stance softened under President Biden's administration with the appointment of pro-crypto lawmaker Garry Gensler to head the Securities and Exchange Commission (SEC).
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