A new report issued by Crypto.com, a cryptocurrency exchange and fintech services firm, discovered that the number of people using cryptocurrencies has more than doubled since January, reaching 221 million last June.

Crypto.com’s “Measuring Global Crypto Users” report found that the number of cryptocurrency users more than doubled during the first half of the year.

Cryptocurrency adoption went from 106 million in January to 221 million in June, principally powered by the bull market that took bitcoin (BTC) to all-time highs during Q1.

The growth of cryptocurrency users has also been accelerating this last year, meaning that more users are learning about these alternatives to fiat money.

The first cryptocurrency adoption report, which dates from May 2020, noticed it took nine months to reach 100 million from 65 million users.

At the start of the year, altcoins holders accounted for just 20% of the total cryptocurrency users.

Seeing the big picture, this has been a very good year for cryptocurrency adoption until now, as both institutions and retail holders have turned to crypto?

The South Korean government has proposed an amendment to the tax code to allow the country's tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers