Singapore Tops Global Cryptocurrency Adoption Index 2024

Singapore Tops Global Cryptocurrency Adoption Index 2024

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Study Findings
  2. Multiple Factors Evaluated
  3. Position of Other Countries

    4. Research conducted by Henley & Partners has shown that Singapore is the leader in the global cryptocurrency adoption index for 2024, followed by Hong Kong and the UAE.

    Study Findings

    The Henley Crypto Adoption Index 2024 was published by investment migration consulting firm Henley & Partners. Data for 28 nations with investor migration schemes was gathered during July and August of 2024. According to the findings, Singapore was ranked first with a score of 45.7 out of 60.

    Multiple Factors Evaluated

    Public adoption, infrastructure, technological innovation, regulatory climate, economic variables, and tax friendliness were among the criteria used to evaluate the different jurisdictions. Singapore's legislation, including the Payment Services Act, plays a key role in supporting cryptocurrency adoption.

    Position of Other Countries

    Hong Kong and the UAE follow Singapore in the ranking. The special administrative region (SAR) of Hong Kong, China, secured second place with an index score of 42.1, thanks to its tax friendliness and economic characteristics. The study also highlighted significant public interest in cryptocurrencies in these regions.

    Singapore continues to lead in cryptocurrency adoption thanks to its favorable regulatory and economic environment. The Henley & Partners study also emphasizes the importance of a multifaceted approach to evaluating cryptocurrency adoption levels across different countries.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

Meta Platforms' Shares Surge Following AI Assistant Launch

chest

Meta Platforms' shares rose over 6% after the launch of its AI assistant, Muse, which helps users manage tasks and goals.

user avatarTomas Novak

Galaxy Announces $5 Million Funding for Bitcoin Quantum Security Research

chest

Galaxy announced up to $5 million in funding for Bitcoin quantum-security work, including developer grants, research, and an advisory council.

user avatarMaya Lundqvist

IonQ Launches Superion 256 Quantum Computer with Orders Open for 2027 Delivery

chest

IonQ has launched its Superion 256 quantum computer, opening orders for delivery in 2027.

user avatarKaterina Papadopoulou

Prediction Markets Show Shifts in Oil Price Expectations

chest

Prediction markets are reacting to oil price fluctuations, with traders speculating on whether crude will reach $120 or fall to $55 first.

user avatarAisha Farooq

Record Diesel Prices Hit Ahead of Midterm Elections

chest

Record diesel prices reached a high of 594 a gallon, raising concerns about consumer affordability ahead of the midterm elections.

user avatarLi Weicheng

Brent Crude Surpasses $100 Amid Geopolitical Tensions

chest

Brent crude oil prices rose above $100 for the first time in six weeks due to geopolitical tensions, including attacks on Saudi oil facilities and US military responses.

user avatarLeo van der Veen

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.