In my country "Philippines" have shown greater support in cryptocurrency as it is being used as a utility as to pay bills,And level of enthusiasm when it comes to crypto as it is always seen in their news, and also some of the banks are accepted the crypto currency already.
if government and institution accepting cryptocurrency this is good fundamental for cryptocurrency growth at that country.investor in this market will increase since they feel comfort with government policy.
Yeah right, if the government from such place is not against crypto and they are allowing merchants and utilities to used this currency it will take higher chances to have more people to get involve to this market, friendly places for crypto will be more likely to have easy adoptions and support will flow to this industry.