These countries have seen the biggest increase in crypto wallet creation based on data from Blockchain.com. Nigeria has trended the most in recent months, increasing 60% since April.
“In July we saw a number of countries increase their fraction of total Blockchain wallet transactions, most notably Peru, India, and Indonesia,” the company described. Other countries that made the top 10 list of increased transactions are Côte d’Ivoire, Nigeria, Japan, the Philippines, Venezuela, Bangladesh, and Bulgaria. “Japan is once again in the top 10, while Hong Kong and Morocco haven’t been as active in the past two months,” the firm continued. The top countries with a decrease in Blockchain wallet creation are South Korea, Denmark, Morocco, Dominican Republic, Hong Kong, Kenya, Moldova, Brazil, Vietnam, and the United Arab Emirates. Last month, Nigerian media reported that the Ministry of Justice had tabled before the National Assembly the bills that will provide the legal framework for bitcoin and other cryptocurrencies, citing the country’s Attorney General. “The expected bills will prepare Nigeria for emerging realities relating to digital cash, bitcoin and e-currency,” Malami was quoted as saying. Meanwhile, India ranked second on Blockchain’s list of increased wallet creation but the country still does not have crypto regulation and there are reports of the government considering a ban on cryptocurrencies.