Fun

News Feed - 2023-09-15 04:09:20

Arijit Sarkar1 hour agoHong Kong retains top crypto-ready position for two consecutive yearsWhile Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25.576 Total views46 Total sharesListen to article 0:00NewsJoin us on social networksHong Kong was crowned the best-prepared jurisdiction for widespread cryptocurrency adoption in 2023, retaining its crypto-readiness prowess for the second year in a row. 


A study factoring in the existence and reach of crypto — via ATMs, businesses, accessibility and legality — revealed stiff competition among the 2022 leaders as Hong Kong, the United States and Switzerland held on to the top three positions.The most crypto-ready place in the world. Source: forexsuggest.com


While Hong Kong grabbed the top spot with a crypto readiness score (CRS) of 8.36, the United States fell down a spot to third place after recording a fall of 6.5% in its CRS score — from 7.7 in 2022 to 7.25 in 2023. On the contrary, Switzerland’s CRS score jumped over 9% — from 7.5 to 8.18 — to rank 2nd worldwide.


As previously explained by Cointelegraph, factors such as crypto ATM installations, pro-crypto regulations, startup culture and a fair tax regime contribute to a country’s CRS. Slovenia, Canada and Australia managed to squeeze into the top 10 in 2023, as shown below.Five new countries make the top 10 in 2023 including Slovenia, Canada and Australia. Source: forexsuggest.com


When it comes to the masses, the Dutch showed the most interest in crypto per person. The United States is home to the largest network of Bitcoin (BTC) ATMs, however, Hong Kong has the most crypto ATMs per square foot given its significantly smaller land mass.


Estonia, Singapore and Switzerland are among the busiest hubs for crypto and blockchain companies. One of the primary drivers that can make or break mass crypto adoption is taxes. There are 12 countries that impose a 0% tax on crypto for individuals — including Germany, Panama, and Portugal among others — who remain well-positioned to climb up the ranks in the coming years.Countries with 0% crypto tax. Source: forexsuggest.com


In the US, New York became the most crypto-ready US state after recording CRS of 9.80 owing to numerous crypto-related legislation and a huge number of crypto and blockchain businesses in operation.


Related:US ‘the only country’ crypto startups should avoid, says Ripple CEO


India leads the global crypto adoption in 2023, a recent Chainalysis report revealed. Other lower middle-income (LMI) nations, including Nigeria and Thailand, bagged the second and third spot in the report.The 2023 global crypto adoption index top 20. Source: Chainalysis


In addition to leading grassroots adoption, India has also become the second-largest crypto market by raw estimated transaction volume globally, ahead of other major economies.


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:Are DAOs overhyped and unworkable? Lessons from the front lines# Cryptocurrencies# ATM# Hong Kong# Switzerland# CoinATMRadar# Adoption# United States# RegulationAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesWyoming stablecoin: Are state digital currencies even possible?Bitcoin’s cycles are changing — Bloomberg analyst Jamie Coutts explains how and why

News Feed

Kevin O’Leary Says He Won’t Sell Any Crypto Despite Downturn – ‘You Just Have to Stomach It’
Kevin O"Leary Says He Won"t Sell Any Crypto Despite Downturn – "You Just Have to Stomach It" Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he is not selling any o
Brian Quarmby3 hours agoRogue Pepecoin team members blamed for $16M PEPE multsig withdrawalIn an announcement to the PEPE community, it was claimed that three former members stole funds from the project and then handed o
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto Asset
HaruBank Collaborates with BitGo to Ensure Security of Its Clients’ Crypto AssetBitGo, a market leader and a multi-sig technology pioneer, will now offer its business hot wallet s
Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody
Switzerland Approves Gazprombank to Offer Bitcoin Trading and Custody Zurich-based Gazprombank, a subsidiary of Russia’s third-largest bank, has been appro
Litecoin Retreat? A Drop Below $100 Still A Possibility—Analyst
Este artículo también está disponible en español. Litecoin (LTC) is currently attempting to sustain its position above the critical $120 threshold, eliciting concern amon
Hip Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — ‘I Like the Fact That Bitcoin Is Decentralized’
Hip Hop Star Ja Rule Discusses the Growing NFT Space and Crypto — "I Like the Fact That Bitcoin Is Decentralized" The non-fungible token (NFT) industry has exploded in 2021 as mi
OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal
The Department of Justice (DOJ) reached a plea deal with Konstantin Ignatov for his involvement in OneCoin Ltd., a cryptocurrency project based out of Bulgaria. Ignatov pleaded guil
Coinbase Pushes for Single Crypto Regulator: CEO Says ‘We Have 53 Regulators in Just One Country, the US’
Coinbase Pushes for Single Crypto Regulator: CEO Says "We Have 53 Regulators in Just One Country, the US" Crypto exchange Coinbase has been meeting with a number of regulators to c
Analysts optimistic as liquidity ticks and Bitcoin ‘forced selling’ is over
Ciaran Lyons4 hours agoAnalysts optimistic as liquidity ticks and Bitcoin ‘forced selling’ is overBitcoin’s major sell-offs are over and now analysts see the US election and global liquidity as the next big drivers
William Suberg14 hours agoMost fear since SVB collapse — 5 things to know in Bitcoin this weekBitcoin traders are truly “spooked,” and sentiment crashes harder than BTC price as the shake-up from last week’s loss
Compound Finance proposals elicit ‘governance attack’ allegations
Tristan Greene2 hours agoCompound Finance proposals elicit ‘governance attack’ allegationsCommunity risk assessors warned against the perceived centralization effort days before the proposal’s passage.660 Total vie
William Suberg52 minutes agoSeptember ‘crash’ to $22K? — 5 things to know in Bitcoin this weekThe BTC price looks frail as August comes to an end, and with Bitcoin bulls out of ammo, traders are preparing for more