Canada has emerged as a global leader in Bitcoin adoption, with 10.1% of its citizens owning the cryptocurrency, according to a new report by Triple-A.
Canada Leads Global Bitcoin Adoption with 10.1% Crypto Ownership, Report Says
This rate puts Canada ahead of other major economies such as Australia (9.6%), Norway (8.7%) and Germany (8.3%), underscoring the country’s strong adoption of digital assets.
A key factor behind Canada's growing crypto adoption is its clear regulatory framework that classifies Bitcoin as a commodity.
This definition provides legal certainty for individuals and businesses dealing with Bitcoin transactions, distinguishing Canada from other jurisdictions with more ambiguous crypto regulations.
Canada has also been at the forefront of crypto financial products by becoming the first country to approve a Bitcoin exchange-traded fund (ETF) in 2021. This has contributed to institutional interest and made Bitcoin investing more accessible to the general public.
As crypto adoption continues to grow, Canada's proactive regulatory stance and growing user base solidify its position as a leading Bitcoin-friendly country.
*This is not investment advice.
