Australia ranks 15 according to a report that scores the most "crypto-ready" nations.
Forexsuggest released its latest worldwide crypto readiness report which measured crypto adoption in several counties. It scored "crypto-ready" nations by exploring the number of blockchain startups in each country, the digital asset legislations and taxation rules, the number of ATMs, and the interest in the industry per capita.
According to it's report, Hong Kong is currently the most crypto-ready nation. It is reported that the local government is quite open to the sector and does not impose taxes on investors and businesses that generate profits from trading digital currencies. Overall, Hong Kong amassed a result of 8.6 points out of 10.
Interestingly, the world’s leading economy and previous leader, the USA, collected 7.7 points. The US has over 33,000 crypto ATMs, meaning there are ten devices per 100,000 people.
Switzerland followed with a result of 7.5 points. The nation, often referred to as "crypto valley" renowned as one of Europe’s financial hubs, does not tax crypto gains and is home to numerous blockchain startups, including Ethereum.
AUSTRALIA MOST INTERESTED IN CRYPTO
Despite Australia ranking number 15 for crypto readiness, Australia topped the list as the country with the highest level of interest in cryptocurrency with a reported 4,579 “cryptocurrency” searches per 100,000 people. As the cryptocurrency regulatory milieu develops in Australia, it may only be a short wait before its crypto-readiness score increases.
Top 15 most crypto-ready nations
(Data table from forexsuggest.com)
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