Dubai named top crypto hub; Brazil in top 10
Dubai, Switzerland and South Korea are leading the global crypto industry, according to the recently released Social Capital Market report. According to the study, Brazil ranks 10th in the ranking.
The study assessed factors such as legal transparency, tax policies and the rate of crypto adoption, along with the number of registered crypto companies and the widespread acceptance of digital currencies.
Dubai, Switzerland and South Korea dominate the industry
Dubai achieved the highest position in the ranking, with a score of 79 out of 100, thanks to its progressive regulatory stance and comprehensive support for blockchain ventures.
In addition, the Dubai Multi Commodities Centre (DMCC) acts as a key driver, offering both a dedicated crypto hub and a launchpad for blockchain projects. The Virtual Assets Regulatory Authority (VARA) and the Dubai Financial Services Authority (DFSA) provide additional regulatory oversight.
