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Singapore Leads Global Cryptocurrency Adoption Index 2024

02/09 00:33

According to Odaily, investment immigration consultancy Henley & Partners released the 'Henley Cryptocurrency Adoption Index 2024' on August 30, 2024. The report reveals that Singapore tops the global cryptocurrency adoption rankings with a score of 45.7 out of 60. The index evaluated 28 countries based on public adoption, infrastructure, innovative technology, regulatory environment, economic factors, and tax friendliness. Hong Kong and the United Arab Emirates secured the second and third positions with scores of 42.1 and 41.8, respectively. Notably, Asian countries dominate the top ten, with five nations making the list. Besides Singapore and Hong Kong, Malaysia and Thailand are ranked eighth and tenth, respectively. The report highlights the significant role of Asia in the global cryptocurrency landscape, reflecting the region's robust infrastructure and favorable regulatory environments.

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