LEADING COUNTRIES IN TERMS OF CRYPTOCURRENCY ADOPTION

in blurt •  last month 

✔️ Singapore, Hong Kong, and the UAE Lead in Cryptocurrency Adoption

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According to the Henley Crypto Adoption Index 2024, published by the consulting firm Henley & Partners, Singapore ranks first globally in cryptocurrency adoption. It is followed by Hong Kong and the United Arab Emirates.

In evaluating countries, experts examined the region's infrastructure, use of innovations and modern technologies, the presence of a regulatory framework, and tax convenience.

Henley & Partners analysts gathered data from 28 countries with active investment migration programs.

📌 Singapore scored 45.7 out of 60 points. The country became a leader in cryptocurrency adoption due to its internal business, financial, and regulatory environment.

Researchers noted the support for cryptocurrencies from Singapore's traditional banking system, significant investments in the industry, and the adoption of the national Payment Services Act.

📌 Hong Kong took second place, scoring 42.1 out of 60 possible points.

According to the researchers, the region is distinguished by particularly high economic indicators and favorable taxation. The UAE ranked third with 41.8 points.

The country received high marks for its economic indicators, the adoption of modern technologies, and its taxation system.

According to Santiment, while small traders are in a panic, big players are busy stacking up Bitcoin. 🐳

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In August alone, over 283 wallets crossed the 100 BTC threshold.

👀 Currently, there are 16,120 wallets holding more than 100 BTC, setting a new record for the past 17 months. The number of addresses with at least 10 BTC is also rising.

In the last 30 days, wallets with balances between 10 and 10,000 BTC have collectively accumulated more than 133,000 BTC, totaling over $7.6 billion. 🧐

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