Exclusive: Crypto Surge in Central and Southern Asia: Chainalysis 2023 Insights and Kim Grauer’s Exclusive Take
In the era of financial digitalization, the Chainalysis Global Crypto Adoption Index for 2023 stands as a pivotal resource, charting the nuanced ways countries are embracing cryptocurrency based on their unique socio-economic factors.
As the digital realm undergoes rapid transformations, this year's index especially highlights the prominence of Central and Southern Asia, renowned for its robust economic growth and rich cultural heritage.
Furthermore, the insights from industry expert Kim Grauer provide an added layer of depth, analyzing the unique factors driving adoption and helping to unravel the complexities of this digital revolution.
The index is constructed from five sub-indexes, each shedding light on different facets of crypto adoption:
With countries like India, Vietnam, and the Philippines occupying prominent positions, the Central & Southern Asia and Oceania region is in the top 10.
Globally, Grassroots Adoption Is Down: Despite a global decline in grassroots crypto adoption, Lower Middle Income (LMI) countries show promising resilience, especially after major events like the unexpected downfall of FTX in 2022.
The World Bank classifies countries based on their Gross National Income (GNI) per capita. LMI countries, including India, Nigeria, and Ukraine, have a GNI per capita of between $1,086 and $4,255.
The impressive crypto recovery in LMI countries is a notable revelation from the index. LMI nations are dynamic, with booming industries and significant growth potential.
They house 40% of the global population, and their growing interest in crypto signals a promising trajectory for digital assets.
In an exclusive interaction, Kim Grauer, Director of Research for Chainalysis, shared her rich insights with
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