\nMalta<\/td>\n 17.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\nUSA is in the fourth position with 22.6 score. Switzerland and UAE follow with 21.8 and 21.7 respectively. Hong Kong, Canada, Turkey and Malta are the other prominent players. Hong Kong scores 20.8. Canada, Turkey and Malta show 19.7, 18.5 and 17, respectively. <\/p>\n
Crypto Adoption Score By Public Adoption <\/h3>\n Time to consider each parameter individually. First, we can consider the parameter of public adoption. <\/p>\n\n\n\n\nCountries <\/strong><\/td>\nScore <\/strong><\/td>\n<\/tr>\n\nSingapore <\/td>\n 7.1<\/td>\n<\/tr>\n \nUAE<\/td>\n 7.1<\/td>\n<\/tr>\n \nUSA<\/td>\n 6.3<\/td>\n<\/tr>\n \nUK<\/td>\n 5.5<\/td>\n<\/tr>\n \nAustralia <\/td>\n 5.1<\/td>\n<\/tr>\n \nCanada <\/td>\n 5.1<\/td>\n<\/tr>\n \nMauritius <\/td>\n 4.7<\/td>\n<\/tr>\n \nHong Kong <\/td>\n 4.6<\/td>\n<\/tr>\n \nSwitzerland <\/td>\n 3.9<\/td>\n<\/tr>\n \nMalta <\/td>\n 3.6<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\nSingapore and UAE dominate with the same score of 7.1. USA follows with a score of 6.3. The UK and Australia report 5.5 and 5.1 respectively, and Canada and Mauritius record 5.1 and 4.7 respectively. Hong Kong and Switzerland are other two important players. The former has a score of 4.6 and the latter has a score of 3.9. Malta, with 3.6 score, also enjoys a place in the list. <\/p>\n
Crypto Adoption Score By Infrastructure Adoption <\/h3>\n Let\u2019s consider the parameter of infrastructure adoption. As expected, the US is the country which enjoys the top position in the list. <\/p>\n\n\n\n\nCountries <\/strong><\/td>\nScore <\/strong><\/td>\n<\/tr>\n\nUSA<\/td>\n 9.6<\/td>\n<\/tr>\n \nCanada <\/td>\n 9.3<\/td>\n<\/tr>\n \nSwitzerland <\/td>\n 9.2<\/td>\n<\/tr>\n \nAustralia <\/td>\n 9.1<\/td>\n<\/tr>\n \nUK<\/td>\n 7.7<\/td>\n<\/tr>\n \nHong Kong <\/td>\n 7.5<\/td>\n<\/tr>\n \nThailand <\/td>\n 7.5<\/td>\n<\/tr>\n \nMonaco<\/td>\n 7.5<\/td>\n<\/tr>\n \nGreece <\/td>\n 7.5<\/td>\n<\/tr>\n \nNew Zealand <\/td>\n 7.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\nThe US shows a score of 9.6. Canada, Switzerland, and Australia closely follow with 9.3, 9.2 and 9.1, respectively. The UK, Hong Kong, Thailand, Monaco, Greece and New Zealand are the other countries who sit in this list. The UK has a score of 7.7, and New Zealand 7.4. The four remaining ones have the same score of 7.5. <\/p>\n
Countries with the Best Regulatory and Tax Environment for Cryptos <\/h2>\n One of the prime factors that influence a country\u2019s crypto adoption is its regulatory and tax environment. In the Henly & Partners\u2019 data set, there are provisions to generate a score considering the parameters of crypto regulation and tax environment. <\/p>\n
The below is the list of these countries which score the highest when the said parameters are considered. <\/p>\n
Singapore naturally remains in the top most position with 18.5, reflecting how dedicated is the Asian region in developing their environment to embrace the emerging digital finance possibilities. <\/p>\n\n\n\n\nCountries <\/strong><\/td>\nScore <\/strong><\/td>\n<\/tr>\n\nSingapore <\/td>\n 18.5<\/td>\n<\/tr>\n \nSwitzerland <\/td>\n 16.5<\/td>\n<\/tr>\n \nAntigua and Barbuda <\/td>\n 15.8<\/td>\n<\/tr>\n \nHong Kong <\/td>\n 15.7<\/td>\n<\/tr>\n \nUAE<\/td>\n 15.6<\/td>\n<\/tr>\n \nMauritius <\/td>\n 15.4<\/td>\n<\/tr>\n \nNetherlands <\/td>\n 14.7<\/td>\n<\/tr>\n \nMalaysia <\/td>\n 14.5<\/td>\n<\/tr>\n \nMalta <\/td>\n 14.4<\/td>\n<\/tr>\n \nMonaco<\/td>\n 14.4<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\nSwitzerland and Antigua and Barbuda are the countries that follow Singapore. Switzerland shows 16.5, and Antigua and Barbuda displays 15.8. Another Asian financial centre, Hong Kong, with 15.7, enjoys the fourth position in the list. UAE and Mauritius score 15.6 and 15.4 respectively. Netherlands, Malaysia, Malta and Monaco are the other prominent players. Their scores range from 14.7 to 14.4. <\/p>\n
Top Countries with the Best Economic Factors for Crypto Adoption <\/h2>\n Is creating a crypto friendly regulatory and tax environment enough to improve the crypto adoption scenario of a country? In most cases, it is inadequate. The fact is that in the absence of a right economic environment, any effect to revamp a country\u2019s regulatory scenario would be counter productive. <\/p>\n
As per the Henley & Partners data set, here are the top countries with the best economic factors suitable for the flourishing of the crypto adoption environment. <\/p>\n
The list is dominated by two powerful financial hubs from the Asia-Pacific region. You may have already guessed it. Yes, Hong Kong, with 9.1, and Singapore, with 8.9, are the two countries which sit in the top most positions in the list. <\/p>\n\n\n\n\nCountries <\/strong><\/td>\nScore <\/strong><\/td>\n<\/tr>\n\nHong Kong <\/td>\n 9.1<\/td>\n<\/tr>\n \nSingapore <\/td>\n 8.9<\/td>\n<\/tr>\n \nSwitzerland <\/td>\n 8.6<\/td>\n<\/tr>\n \nUAE<\/td>\n 8.4<\/td>\n<\/tr>\n \nNew Zealand <\/td>\n 8.4<\/td>\n<\/tr>\n \nLuxembourg <\/td>\n 8.3<\/td>\n<\/tr>\n \nUSA<\/td>\n 8.2<\/td>\n<\/tr>\n \nNetherlands<\/td>\n 8.1<\/td>\n<\/tr>\n \nThailand <\/td>\n 8.1<\/td>\n<\/tr>\n \nCanada <\/td>\n 8.1<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\nSwitzerland, with 8.6, and UAE, with 8.4, remain in the third and fourth positions, respectively. New Zealand, Luxembourg, the USA, the Netherlands, Thailand and Canada are the other prominent countries in the list. New Zealand and Luxembourg and the USA have 8.4, 8.3 and 8.2 scores respectively. All the three remaining ones. the Netherlands, Thailand and Canada display the same score of 8.1. <\/p>\n
Endnote <\/h2>\n In conclusion, what is clear from the data collected is that the Asia-Pacific region currently leads the world in crypto adoption, with countries like Singapore and Hong Kong poised to become global hubs for the crypto economy. As these nations continue to innovate and set new standards, they are likely to shape the future of digital finance and serve as a model for others to follow. It does not mean that the other regions perform poorly in crypto adoption. It is important to watch the developments in certain important crypto economies like the USA, India, China, Thailand, the Philippines, El Salvador, the Central Asian Republic, Brazil and even Bangladesh and Pakistan. One thing is clear that this crypto revolution is set to continue, and is likely to transform the lives of millions in near future. <\/p>\n","protected":false},"excerpt":{"rendered":"
The post Case Studies of Countries with Significant Crypto Adoption appeared first on Coinpedia Fintech News Crypto is the new trend in the global economy. It has created several impressive headlines in the recent past, as some of the economic powers have changed its attitude […]<\/p>\n","protected":false},"author":1,"featured_media":640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8],"tags":[],"_links":{"self":[{"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/posts\/638"}],"collection":[{"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/comments?post=638"}],"version-history":[{"count":2,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/posts\/638\/revisions"}],"predecessor-version":[{"id":641,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/posts\/638\/revisions\/641"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/media\/640"}],"wp:attachment":[{"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/media?parent=638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/categories?post=638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodcounty200.org\/index.php\/wp-json\/wp\/v2\/tags?post=638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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