Crypto Head recently published a report placing the United States on top of its list of “Crypto ready” countries.
One indication that the country is ready to adopt cryptocurrencies is the whopping number of Bitcoin ATMs presently operating in the U.S.
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The research platform based its analysis on the ATMs in different countries and how the citizens are utilizing them. The team also checked the extent of crypto legality in the countries and considered if they could accept it.
Also, they checked the total searches that people carry out on digital asset terms online. These factors enabled them to calculate the result when comparing 200 countries and different territories.
U.S. Bags The Top Crypto Ready Position
The crypto-ready score index used a scale of 10 countries to add to a list. According to the results, the USA took the first spot by scoring a whopping 7.13.
After the USA, Cyprus and Singapore ranked second and third respectively. While each of these countries scored below 6.50. Even though, experts believe that the platform didn’t consider more factors that could measure the preparedness of these countries for digital assets.
For example, some opine that report should have added the country’s regulatory environment and tax laws.
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While gathering data for its research, the report revealed 17,436 cryptocurrency ATMs in the USA. This number exceeded the ATMs in the second country Canada by 16,000. The team also came to know that more and more ATMs are being placed steadily in the United States.
They also discovered that Coin Cloud, an ATM company, is steadily increasing its installations all over the nation.
The researchers also based their score on the people that can use these ATMs….