6 governments that embraced crypto in 2022

6 governments that embraced crypto in 2022

Although the year 2022 wasn’t the best one in terms of prices, governments around the world are embracing crypto as a tool for quick transactions, combating corruption, and increasing transparency. In 2022, this crypto adoption trend accelerated as countries like UAE become more interested in deploying blockchain technology to improve their own economies.

Regulation and CBDCs are two major trends that dominated the governmental adoption scene in 2022 (not the metaverse and Defi). As the global pandemic, declining cash usage, and the desire to keep up with other central banks sped up CBDC research in nations that hadn't taken a position on CBDCs a year earlier. That said, here are the  6 governments that embraced crypto in 2022!