Hong Kong Dominates as Best-Prepared Jurisdiction for Cryptocurrency Adoption, US Drops to Third Place
Summary:
Hong Kong retains its position as the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, while the United States falls to third place. Study ranks countries based on factors such as crypto reach, accessibility, and legality. Switzerland climbs to second place. India leads global crypto adoption. New York becomes most crypto-ready state in the US. Several countries offer 0% tax on crypto.
Hong Kong maintains its position as the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, ranking first for the second consecutive year. A study comparing the presence and accessibility of cryptocurrencies, including ATMs, businesses, and legal framework, reveals strong competition among the leaders, with Hong Kong, the United States, and Switzerland securing the top three spots. Hong Kong achieves a crypto readiness score (CRS) of 8.36, while the United States drops to third place with a CRS of 7.25, and Switzerland climbs to second place with a CRS of 8.18.
Published At
9/15/2023 7:29:20 AM
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