“Crypto Adoption Index 2024,” created by Henley & Partners, ranked countries according to their tax and regulatory approach to crypto.

1st — 🇸🇬Singapore has supportive banking system, significant investment, comprehensive regulations such as the Payment Services Act, regulatory sandboxes, and alignment with global standards.

2nd — 🇭🇰Hong Kong has cultivated an environment that promotes the growth of the crypto industry through significant public interest, high business acceptance in the financial and tech sectors, and advanced digital infrastructure.

3rd — 🇦🇪UAE has substantial portion of the population owning crypto, matched by strong government support and a thriving start-up scene. This low-tax jurisdiction offers an attractive environment for crypto businesses, further bolstered by a highly digitalized and wealthy population.

4th — 🇺🇸US has 15% of its population owning crypto, supported by strong infrastructure, including a high density of crypto ATMs, crypto-friendly banks, and an increasing number of businesses accepting cryptocurrency.

5th — 🇬🇧UK has moderate public interest and growing bank integration, particularly among challenger banks. The country is highly digitalized, and virtually all citizens have banking access.