Analysis firm Coincub has shared its latest Global Cryptocurrency Ranking. Surprisingly, Germany took the first place on the list.
In the previous issue of the quarterly report, first place was held by Singapore.
Germany Is Getting More Crypto Friendly
Coincub expects Germany to jump three places on the list compared to last year. cryptocurrency He started his positive attitude towards trading and investment. The number of BTC nodes per capita in Germany has surpassed the United States. In addition, the following positive developments took place in the country:
- The Federal Financial Supervisory Authority secured a crypto custody operating license for the German arm of Coinbase earlier this year.
- German exchange operator Deutsche Börse has listed more than 20 ETP products on its digital exchange Xetra.
- Sparkasse savings bank plans to offer wallets for crypto trading.
In Singapore, which previously ranked first in the list of the world’s most crypto-friendly countries, the Singapore Monetary Authority tightened its guidelines for virtual asset service providers. bitcoin The number of ATMs has decreased. Due to this development, the country lost its first place.
The USA and Australia ranked third and fourth on the list, respectively. In its report, Coinhub praised the fact that these two countries want to regulate cryptocurrencies rather than ban them.
Switzerland is fifth on the list. Switzerland to BBVA Switzerland’s crypto asset service Ethereum It has proven its adherence to the principle of technological innovation, with the inclusion of Bitcoin and the announcement of Bitcoin as legal tender in Lugano.
Turkey Ranks 35th on the List
Turkey, which was in the 36th place in the previous report, rose one place in the latest report and took the 35th place.
In addition, the report also included the five countries with the most advanced crypto tax rules and the most Bitcoin mining.
According to Coinhub, the most crypto-friendly countries are:
- Hungary: 15% flat-rate tax.
- Cyprus: 12.5% tax for its citizens.
- Nigeria: 20% standard tax rate
- Malta: tax rates between 5% and 35%
- El Salvador: No tax
Top five best mining countries by hash rate:
- United States of America
- Kazakhistan
- Russia
- Canada
- Ireland
*Not investment advice.