Survey suggests that Ukraine’s citizens are more interested in crypto over other Eastern European states. While Russia and USA are at second & third place respectively.
BrokerChooser is a crypto brokerage firm and recently this firm conducted a research on the digital assets interested countries to figure out which country is at top and which one is at bottom. To figure out the report, the firm choosed Google search analytics and did research on the frequency of search of crypto terms by citizens of different countries.
According to the research of BrokerChooser, Ukraine ranked top in their list. Ukraine grabbed 7.97 rank out of 10 in the chart prepared by the researchers. This shows a shocking indication that people of Ukraine have huge poverty, war & financial issues but still they have huge interest in crypto.
In second place, it is Russia- owns a big landmass. While the United States of America is at number third.
At the fourth position, there is Kenya. Research claimed that it should not be a surprising fact for Kenya, because research shows that people of Kenya are looking to save their money against devaluation.
It is worth to note that, adoption in the developing country is shown by the public, while in well developed countries adoption is mainly because of institutional investors.
Unclear Legal Status of Crypto in Ukraine
Recently, officials of Ukraine announced that they will go for the crypto adoption with better rules and regulations.
But if we take a look at the current situation then crypto is still in the grey region, where people can neither say that crypto is legal and also can’t say that it is illegal.
At present crypto is not prohibited, however the officials of Ukraine are looking to make better rules by next year. But for now they are only considering necessary rules to implement by the end of this year to restrict any illicit activities.
Read also: Grayscale Bitcoin Trust may convert into Bitcoin Spot ETF