Singapore Tops Global Cryptocurrency Adoption Index 2024

by Giorgi Kostiuk

2 years ago

Made with AI

Study Findings
Multiple Factors Evaluated
Position of Other Countries

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 Hiding Place Room

Resource Cache

Tier I

Requires 25% Tier Progress to Claim

Meme Cache

Tier I

Requires 50% Tier Progress to Claim

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

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

Tier I

Sector: #18291

25%

50%

75%

100%

Tier II

Survivors rescued:

0 / 600

Survivors

0/0

Transmit Signal

Broadcast this sector's coordinates to other rescuers.

Other news

US Spot Ether ETFs Face Major Withdrawals on November 9

On November 9, US spot Ether ETFs experienced significant net withdrawals totaling $1.846 billion, primarily driven by BlackRock's ETHA, reflecting ongoing investor concerns about market conditions.

Aisha Farooq24 minutes ago

Crypto Firms Rally Behind CFTC in Perpetual Futures Legal Battle

Coinbase, Kalshi, and four other companies filed an amicus brief supporting the CFTC's authority to regulate perpetual futures tied to US stocks amid a significant lawsuit.

Bayarjavkhlan Ganbaatar4 hours ago

CMAA Challenges CFTC's Authority Over Perpetual Futures

The Capital Markets Alliance Association (CMAA) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC), claiming that perpetual futures should be classified as security-based swaps, which would impose stricter regulations.

Tenzin Dorje4 hours ago

XRP Ledger Foundation Unveils Quantum-Resistant Account Design

The XRP Ledger Foundation has introduced a quantum-resistant account design using the MLDSA44 signature scheme, allowing users to transition to new keys without additional costs by 2028.