Despite recently taking a more cautious regulatory approach, Singapore ranked as the most business-friendly country worldwide for cryptocurrencies, according to Coincub.com.
Singapore is the world’s most business-friendly crypto country, according to rankings by digital currency research platform Coincub.com. The rankings were derived from a points-based system across multiple criteria with the city-state scoring high in the proportional number of crypto firms, the overall number of crypto firms, venture capital presence and fundraising, which totalled $374 million.
The UK was ranked second, followed by the Cayman Islands, Hong Kong and the US. At the bottom of the rankings were Uzbekistan, Kazakhstan, Russia and China, with the latter two countries implementing full or partial crypto bans.
Coincub.com is a crypto research platform that offers bespoke information, guidance, and analysis on the crypto economy on a country-by-country basis.
