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Cryptocurrency experts name the most loyal country to cryptocurrencies
Researchers at Forex Suggest have published a report that describes the countries that are best prepared to accept cryptocurrencies. Experts have studied the ways of digital assets distribution using statistics on bitcoin ATMs, the number of businesses, accessibility, and legality of operations with virtual coins. Hong Kong, Switzerland, the United States, Georgia, Slovenia, Canada, Australia, Germany, Bulgaria, and Panama became the leaders in 2023.
In addition, residents of the Netherlands and Singapore are showing increased interest in cryptocurrencies. Most digital currency companies were registered in Estonia, Singapore, and Switzerland.
Hong Kong is the most prepared place in the world for the introduction of digital assets. The coefficient was 8.36. Local traders can take advantage of a 0% tax rate, while the city has a large number of crypto ATMs and many businesses operating in the field of blockchain and cryptography.
Switzerland ranks 2nd in the world with a cryptocurrency readiness score of 8.18. The country has long been considered one of the largest financial centers on the continent thanks to its reputable banking system. This financial experience also extends to cryptocurrencies, as a very large number of blockchain companies are concentrated in Switzerland. In addition, the local population is also showing increased interest in virtual coins, with more than 1,000 searches for digital assets per 100,000 people.
The United States is ranked 3rd in the report on the readiness to introduce cryptocurrencies into the state economy. The overall coefficient is 7.25.
Visual Capitalist portal recently published a rating of EU countries regarding the introduction of cryptocurrencies. The list of countries with the highest share of citizens investing in cryptocurrencies is headed by Slovenia. According to the survey, 18% of the country’s population invests in digital assets. Croatia took second place in the ranking of cryptocurrency-friendly countries with 16%.