PANews reported on October 13 that according to Socialcapitalmarkets, the ranking of the world's most suitable countries and regions for cryptocurrency business in 2024 was released. The top ten are: Dubai, Switzerland, South Korea, Singapore, the United States, Estonia, Italy, Russia, Germany, and Brazil.

It is reported that Dubai scored highest in regulatory clarity, exemption from capital gains tax, preferential corporate tax (9%) and affordable licensing fees, making it a top cryptocurrency destination; Switzerland has 900 registered cryptocurrency companies and offers a preferential capital gains tax of 7.8% for long-term investors, playing a key role in the global cryptocurrency field.