Hong Kong positions itself as the most crypto-ready country in 2022
The factors considered to calculate a country's readiness were the number of encrypted ATMs proportional to population and geographic size and number of blockchain startups per 100.00 people.
New
While public acceptance remains key to crypto's existence, the path to widespread crypto adoption requires governments to put in place a supporting infrastructure that complements the requirements of the technology and some people.
Factors such as crypto ATM installations, pro-crypto regulations, startup culture, and a fair tax regime indicate that a country is ready to embrace cryptocurrencies. Considering these factors, a Forex Suggest study revealed Hong Kong's position as the country best prepared for widespread cryptocurrency adoption, with a crypto readiness score of 8.6. Despite having greater crypto infrastructure than the island nation, the United States and Switzerland ranked in the top three with lower crypto readiness scores of 7.7 and 7.5, respectively, as shown below. below.
The main factors considered account in the study to calculate a country's readiness was the number of crypto ATM installations proportional to the population and geographic size of the jurisdiction and the number of blockchain startups per 100,000 people. As a result, Hong Kong's smaller landmass helped the country top the list.
Data from CoinATMRadar shows that the United States is home to 88% of global crypto ATM installations. On the contrary, Hong Kong has installed a network of 146 crypto ATMs, which is only 0.4% of crypto ATMs globally. Due to the smaller area, Hong Kong residents are never more than 4.3 miles (7 kilometers) from a crypto ATM.
On the other hand, Switzerland has a crypto ATM every 161.5 miles (260 km), while the United States has installed crypto ATMs every 168.3 miles (271 km).
Taxes on cryptography are the main disincentives to widespread crypto adoption. Hong Kong, Switzerland, Panama, Portugal, Germany, Malaysia...
The factors considered to calculate a country's readiness were the number of encrypted ATMs proportional to population and geographic size and number of blockchain startups per 100.00 people.
New
While public acceptance remains key to crypto's existence, the path to widespread crypto adoption requires governments to put in place a supporting infrastructure that complements the requirements of the technology and some people.
Factors such as crypto ATM installations, pro-crypto regulations, startup culture, and a fair tax regime indicate that a country is ready to embrace cryptocurrencies. Considering these factors, a Forex Suggest study revealed Hong Kong's position as the country best prepared for widespread cryptocurrency adoption, with a crypto readiness score of 8.6. Despite having greater crypto infrastructure than the island nation, the United States and Switzerland ranked in the top three with lower crypto readiness scores of 7.7 and 7.5, respectively, as shown below. below.
The main factors considered account in the study to calculate a country's readiness was the number of crypto ATM installations proportional to the population and geographic size of the jurisdiction and the number of blockchain startups per 100,000 people. As a result, Hong Kong's smaller landmass helped the country top the list.
Data from CoinATMRadar shows that the United States is home to 88% of global crypto ATM installations. On the contrary, Hong Kong has installed a network of 146 crypto ATMs, which is only 0.4% of crypto ATMs globally. Due to the smaller area, Hong Kong residents are never more than 4.3 miles (7 kilometers) from a crypto ATM.
On the other hand, Switzerland has a crypto ATM every 161.5 miles (260 km), while the United States has installed crypto ATMs every 168.3 miles (271 km).
Taxes on cryptography are the main disincentives to widespread crypto adoption. Hong Kong, Switzerland, Panama, Portugal, Germany, Malaysia...
What's Your Reaction?
