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A Chainalysis report found that developing countries have the highest rates of adoption of Bitcoin and other digital currencies.

India ranks first, followed by Nigeria and Vietnam. At the same time, the United States continues to dominate in terms of capital investment. Researchers have found that more than 30% of the crypto market capital is placed on American bitcoin exchanges.

Chinese investors continue to use BTC and altcoins. Crypto transaction volumes have declined since 2020 following the ban on digital currencies in that country.

Despite this, traders from China did not abandon such an instrument. Over the past year, they have completed over $75 billion worth of cryptocurrency transactions.

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In Latin America, Argentina is the leader in the rate of Bitcoin adoption. It is ahead of El Salvador, which in 2021 recognized cryptocurrency as a legal means of payment.

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