**Singapore Tops Global Crypto Adoption Index**

Singapore has clinched the top spot in global cryptocurrency adoption, according to the Henley Crypto Adoption Index 2024. The study, conducted by Henley & Partners, evaluated 28 countries on public adoption, infrastructure, innovation, regulatory environment, economic factors, and tax friendliness.

**Key Findings:**

- **Singapore**: Scored 45.7 out of 60, leading due to its supportive banking system, significant investments, and comprehensive regulations like the Payment Services Act. Initiatives like Project Orchid and Project Guardian have further boosted its crypto ecosystem.

- **Hong Kong**: Ranked second with a score of 42.1, excelling in economic factors and tax-friendliness. The region's advanced digital infrastructure and regulatory sandboxes, such as Project Ensemble, promote crypto growth.

- **UAE**: Close behind with a score of 41.8, the UAE outperformed in tax-friendliness and showed strong innovation and technology metrics. A significant portion of its population owns crypto, supported by a thriving startup scene and robust government backing.

The study highlights the dynamic and supportive environments in these regions, fostering significant advancements in cryptocurrency adoption.