Number of cryptocurrency users in Azerbaijan revealed

The number of cryptocurrency users in Azerbaijan is 98,220, or 0.97% of the population, Report informs, citing a study by TripleA.

Azerbaijan ranks sixth among the nine ex-Soviet countries included in the study. Russia (17.38 million users), Ukraine (5.57 million), Belarus (352,500), Uzbekistan (344,050), and Kazakhstan (324,330) make the top five.

Kyrgyzstan (63,200) and Moldova (54,380) are in the seventh and eighth places. Armenia is the last in the ranking with 33,270 users.

The number of cryptocurrency users worldwide has reached 280 million. About 100 million of them are in India. The study covers more than 140 countries.

TripleA was founded in 2017 in Singapore. The company meets the requirements of the Monetary Authority of Singapore and international standards AML (Anti-Money Laundering) and KYC (Know Your Customer or Know Your Client). It has offices in Singapore, Hong Kong, and Europe.