A report released by Chainalysis shows that the United States ranks only 5th among the top 20 countries in the world for cryptocurrency adoption.

Three Asian countries, Vietnam (1st), Philippines (2nd), India (4th) and Ukraine (3rd), rounded out the top five, while Pakistan, Brazil, Thailand, Russia and China rounded out the top five Ten.

Meanwhile, in cryptocurrency developments, Bitcoin was declared legal tender in El Salvador, while the Tron crypto asset received the same status in the Dominican Federation.