For a country of 25 million people, Australia punches well above its weight both economically and in the world of blockchain. Australians have long been enthusiastic adopters of new technology, from cell phones to smart homes, and it’s little surprise they’ve embraced crypto too.
Chainalysis ranked Australia 20th out of 154 countries surveyed this year for its 2020 Global Crypto Adoption index, citing favorable regulation legitimizing the technology as driving "steady growth in adoption."