Canada tops the G7 in peer-to-peer crypto as remittances to Asia hit $2.36B

Canada has been named as the foremost peer-to-peer crypto economy amongst the Group of 7 nations by blockchain analytics firm Chainalysis. This comes in light of an increase in remittance-sized transfers from Canada to India, China, and the Philippines. Those transfers went up by 141% year-over-year to $2.36 billion from July 2025 to June 2026. The report is of particular importance to the millions of Canadians who send funds to family members overseas. This is a demographic that has turned to routing payments using cryptocurrencies as opposed to banks and wire services.