Cryptocurrency adoption varies in size, from retail investors to merchants and financial service businesses.
Vietnam has the highest level of cryptocurrency adoption, with China and Nigeria engaging in cryptocurrency-based trade due to foreign exchange policies.
In Venezuela and Brazil, legacy financial systems' costs and bureaucracy drive people to experiment with and switch between different cryptocurrencies.
the use of cryptocurrencies for trade between China and Nigeria highlights the significance of foreign exchange policies in driving cryptocurrency adoption. In countries like Venezuela and Brazil, where the costs and bureaucracy of legacy financial systems are significant, cryptocurrencies offer a viable alternative for people to experiment with and switch between.