Crypto-friendly countries: USA joins Germany in first place on the platform

Any development is only due to competition. Conflict, by definition, is never good. Especially when he’s drivingGermany and the United State. From experience, we then tend to view it with concern. But, in our case, it is frankly positive, because it can bring a lot to our ecosystem!

The United States, the Caliph instead of the Caliph?

Coincub has created a ranking of the most “crypto-friendly” countries, the verdict is final! The United States has joined Germany on its first step on the podium, and appears to be well on its way to overtaking it.

In fact, in this second quarter of 2022, Our American friends jumpedAnd moving from second place to first place to draw with Germany. This arrangement analyzes several criteria for making a list Countries that are working hard to adopt cryptocurrencyis somewhat surprising.

Top 10 Crypto-Friendly Country Rankings

With the USA and Germany in the lead, followed by Singapore (which fell 3 places this quarter), Australia and Switzerland, we can see that the majority of countries are working towards to organize and one adoption (or, on the contrary, ban) cryptocurrencies. Whatever their position on the topic, the topic of cryptography does not miss the discussions!

The power (political, media and economic) of the United States no longer needs to be demonstrated. So it is not surprising to see that The United States takes the highest step on the podium.

In order to present real protection consumers, comprehensive fight against money laundering, Biden Ad chains and lays coding ecosystem under the lights. The goal is to break the state-specific process for obtaining federal regulations. it’s working.

with a large number of distributors to buy/sell Bitcoin In the country, the United States significantly outperforms many countries, especially European countries.
L ‘Cryptocurrency adoption It is carried out on an ongoing basis, such as the Universal Pension Management Fund, devotionwhich will allow its residents to own a portion of their funds in Bitcoin.

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Germany did not say her last word!

The USA joined in the first step, but Germany is still far from landing in one place! pass legislation gradualour neighbor is somewhat at odds with what generally happens in Europe.

When some want to ban before understanding, the Germans understood that it would be more profitable to work in it Strict but lax framework For cryptocurrency holders, because there are a lot of them in the country.

european countries ranking
european countries ranking

with tax system suitableallowing holders to BitcoinAnd the ether And among other digital currencies, so that you don’t have to pay taxes if the assets are held for more than a year, Germany plays the peace card. They are kindly encouraging residents to hold cryptocurrency and keep it private.

Mines and mining are well-known things, and also considered by law. The regulations were drawn up after consultation with the major financial institutions in the country.

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Then the top five?

We find behind our German and American friends Singaporein a slight decline, especially with the flight of historical investors who left the country to join the UAE.

Switzerlandknown for her love of finance, has long taken the role of blockchain and continues to rise. It is home to a large number of players in the ecosystemAnd constantly witnessing the birth of many projects. The large number (for its area) of Bitcoin distributors The hosting contract makes it a highly rated country in terms of “crypto-friendly” standards.

Australiawho previously took second place in the world rankings, is actively fighting to stay in the top five. Its very positive policy towards cryptocurrency paymentsand its participation in highlighting the ecosystem (training, encouraging use) makes it a country to follow, which could change the rankings again before the end of the year.

What do you expect for the third and fourth quarters of 2022?

In countries that can upset the general classification, few outsiders come to the fore.

starting from The United Arab Emirates who are advancing strongly and rapidly in legalization, moving from 22nd to 18th at the start of the year.

Their positive outlook on the coding ecosystem makes them players they will definitely be no escape In the coming months/years.

The development of Portugal, the Emirates, Russia and the United States in the second quarter.
The development of Portugal, the Emirates, Russia and the United States in the second quarter.

in Europe , Portugal It also attracts many, preferring non-residents by offering tax incentives very creamy and Appropriate tax rate. Will this be possible over time, with a project Mica’s Law Who reaches European soil? To continue in the coming months…

The RussiaYou do the eternal yo-yo by authorizing, banning, licensing again, and then banning cryptocurrency again. As a major economic player, it could also bring surprises before the end of the year.

The France, which is currently ranked sixth From this ranking, will it go up or down in the list of “crypto-friendly” countries? Even if it seems a little pessimistic, the future will tell!

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