blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
BET NOW
blockchainreporter
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise
No Result
View All Result
blockchainreporter
BET NOW
No Result
View All Result
Bitcoin
BTC
1d:
7d:
Ethereum
ETH
1d:
7d:
Polkadot
DOT
1d:
7d:
Solana
SOL
1d:
7d:
Ripple
XRP
1d:
7d:
Shiba INU
SHIB
1d:
7d:

Singapore Emerges as World’s Most ‘Business-Friendly’ Crypto Country: Coincub Reports

Samuel Edyme by Samuel Edyme
November 28, 2022 - 10:35 am
in adoption news, bitcoin news, sticky
0
Singapore
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Out of all ‘business-friendly’ crypto nations in the world, Singapore has emerged top for cryptocurrency businesses, owning a high proportion of crypto firms with fundraising of over $370 million and a venture capital presence.

Top 5 ‘Business-Friendly’ Crypto Country Rankings

Coincub.com, a platform that offers bespoke information, guidance, and analysis on the workings of the crypto economy, has published a business-friendly ranking report.

In the report, a vast number of business ranking categories signifies Singapore’s position as the leading world’s most ‘business-friendly’ crypto country. Other countries such as the UK, the Cayman Islands, Hong Kong, and the USA were among the top five ‘business friendly’ crypto rankings.

The UK came in second position, the Cayman Islands in third, Hong Kong in fourth, and the USA in fifth position. Following that, the full rankings show a wide range of countries racing to be at the top as a crypto hub. 

Other Countries Ranked in the Report 

All of them, with their respective crypto economies notably Switzerland, Estonia, Australia, Norway, Germany, France, and Canada, were sitting in the top twenty rankings.

Countries such as Russia and China were also found in the ranking report fainting as a result of their implementation of full or partial bans on cryptocurrency dealings. 

Bitcoin mining countries such as Uzbekistan and Kazakhstan were also found but in a lower position of the rankings, probably due to both countries’ focus on mining rather than fully developing and fixating on crypto economies.

El Salvador and the Central African Republic, which both recently declared Bitcoin as legal tender, were found in the lower half of the rankings table. Apparently, both countries’ decision to legalize Bitcoin is yet to be profitable.

Singapore as a Crypto Hub Nation 

Notably, Singapore has always appeared to be one step ahead of every nation regarding crypto adoption. Though the country is yet to make moves on making Bitcoin a legal tender, it has been making moves on utilizing the DeFi industry to the fullest.

In May, The Monetary Authority of Singapore (MAS) first announced its plans to investigate potential use cases in the decentralized finance (DeFi) sector as a part of an effort by the city-state to establish itself as a leading DeFi hub after several key players in the crypto sector left. 

The initiative came with collaboration with major banks, and earlier this month, after the plan disclosure, MAS finally launched its first pilot of the digital asset industry and DeFi. 

Overall, Singapore has proved to be worthy of the top spot given in the rankings; recently, the MAS has been working with the financial industry to identify critical areas for partnership which include conducting industry pilots with financial institutions and FinTech in Singapore and other countries to identify good asset tokenization use cases for financial services.

Tags: AdoptionAltcoinsBitcoinCryptocurrencySingapore
ShareTweet
Samuel Edyme

Samuel Edyme

Edyme is a mysterious figure in the world of crypto, a writer who has explored every aspect of the blockchain. Some say he's a trader, others claim he's a hacker. His writing is like a key to unlocking the secrets of the crypto world, and his words can move markets. Edyme's stories are like cryptographic puzzles, waiting to be solved. But who is he really? Some speculate that he's hiding behind a pseudonym, like the legendary Satoshi Nakamoto himself.

Recommended For You

Bybit Secures Green Light to Enter Kazakhstan Market, Opening New Doors for Traders

by Samuel Edyme
May 29, 2023 - 1:35 pm
0
bybit

Bybit, one of the world's most popular cryptocurrency exchanges, has received in-principle approval from the Astana Financial Services Authority of Kazakhstan.

Read more

3 Native Bitcoin Protocols Every Developer Should Know

by Max Clark
May 29, 2023 - 11:18 am
0

“This article will highlight 3 native Bitcoin protocols and the advantages they can offer developers who wish to leverage them.”

Read more

Bitcoin Reclaims $28K as Crypto Markets Rally

by Kester Odero
May 29, 2023 - 8:03 am
0
Bitcoin for Dummies

Bitcoin has risen back above the $28K mark as the asset kicked off today with bullish signals ahead of what seems like a general market recovery.

Read more

Daily Crypto Market Analysis: Bitcoin, Ethereum, and Altcoins Show Mixed Performance

by Mushu Butt
May 28, 2023 - 6:05 pm
0
arbitrum

Stay updated with the latest crypto market analysis. Explore Bitcoin, Ethereum, Ripple, and altcoins' performance, trends, and technical analysis.

Read more

New Report from Avorak AI Suggests Most Bitcoin Traders Lose Money

by Josh Fernandez
May 28, 2023 - 6:00 pm
0
bitcoin

Discover insights from Avorak AI's report revealing the majority of Bitcoin traders experience losses, with novice traders at most risk.

Read more
Next Post
FSMA

Belgium-Based Regulator FSMA Ousts Bitcoin and Ethereum from Securities

PARTNERS LIST

  • sp

PRESS RELEASE

MEXCListingPGkWDnqON

Memevengers ($MMVG) Lists on MEXC Following Uniswap Deployment

by Chainwire
May 29, 2023 - 2:23 pm
0

New York, New York, USA, May 29th, 2023, ChainwireMemevengers coin ($MMVG) has been gaining attention following a Uniswap listing on...

photoy

Sui (SUI), Optimism (OP) HedgeUp (HDUP) Become Crypto Markets Favourites, Experts Explain Why

by Max Clark
May 29, 2023 - 1:00 pm
0

This article delves into the unique features of each token - SUI's privacy focus, OP's solution to Ethereum's scalability, and...

verselistingeXVmGty

Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin

by Chainwire
May 29, 2023 - 9:48 am
0

Tokyo, Japan, May 29th, 2023, ChainwireBitcoin.com’s ecosystem token, VERSE, has been listed on Kucoin, a top-tier cryptocurrency exchange platform known...

verselistingeXVmGty

Bitcoin.com’s VERSE Token Now Available for Trading on Kucoin

by Chainwire
May 29, 2023 - 8:49 am
0

Tokyo, Japan, May 29th, 2023, ChainwireBitcoin.com’s ecosystem token, VERSE, has been listed on Kucoin, a top-tier cryptocurrency exchange platform known...

n

BlockchainReporter is a trusted name in the cryptocurrency and blockchain technology news space, keeping its readers abreast of the latest and most significant trends in the industry.

Here at BlockchainReporter, our team of global writers is dedicated to providing price analysis on leading cryptocurrencies and covering the latest developments pertaining to bitcoin news, altcoins news, blockchain news, NFT news and cryptocurrency adoption news from around the world.

News

  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • Adoption
  • NFT
  • DeFi
  • Metaverse

Info

  • Education
  • Glossary
  • Market
  • Press Release

Company

  • About Us
  • Terms & Conditions
  • Advertise
  • Sitemap
  • Contact

@2022 – Blockchainreporter.net. All Right Reserved.

No Result
View All Result
  • News
    • Altcoins
    • Bitcoin
    • Blockchain
    • Ethereum
    • Adoption
    • NFT
    • DeFi
    • Metaverse
  • Education
  • Glossary
  • Advertise