The US and Germany have become leaders in the adoption of cryptocurrencies

According to Coincub’s quarterly global cryptocurrency attitudes ranking, the United States and Germany have become leaders in cryptocurrency adoption.

According to analysts, the dominance of the United States (first place) and Germany (second place) is explained by the progressive regulatory environment of the countries and large investments in bitcoin by the largest companies. The countries were evaluated in nine categories, including: government position, public attitude, tax rates, cryptocurrency community support, fraud rate, environmental potential, etc. Along with the United States and Germany, the top five largest cryptocurrency «fans» are: Switzerland, Singapore, and Australia.

As a reminder, the German Ministry of Finance has recently issued new cryptocurrency taxation rules, according to which no tax is levied on income from BTC and ETH sold 12 months after purchase. Previously, cryptocurrency owners had to wait ten years to avoid the tax.

Also in early July, the US approved a vision for cryptocurrency regulation. Thus, the US Treasury presented a document that sets the boundaries of interstate cooperation in the field of digital assets. The agency has set such program goals as protecting consumers in the US and around the world by promoting technologies and standards that reflect US values.