Canada is leading the way in Bitcoin adoption, with 10.1% of its citizens owning the cryptocurrency. This puts Canada ahead of other major economies like Australia, Norway, and Germany. The country's clear regulatory framework, which classifies Bitcoin as a commodity, has contributed to its strong adoption. Canada's approval of a Bitcoin exchange-traded fund (ETF) in 2021 has also increased institutional interest and made Bitcoin investing more accessible. As crypto adoption grows, Canada's proactive regulatory stance and growing user base solidify its position as a leading Bitcoin-friendly country.



Other News from Today