India ranks first in crypto adoption despite regulatory setbacks
Image Credit: forkast
India, despite immense regulatory challenges, has secured the top spot in Chainalysis’ 2023 Global Crypto Adoption Index. This marks a significant comeback from last year when India had dropped to the fourth spot in Chainalysis’ 2022 adoption index. India ranks first in four of the five sub-categories considered for the 2023 index. These include centralised service value received, retail centralised service value received, DeFi value received, and retail DeFi value received.