While Germany consolidated its first place as the best crypto money economy in the world in the third quarter of 2022, the USA, which shared the first place in the second quarter of 2022, fell to the 7th place.
Germany Consolidates Top Place in Cryptocurrencies, USA Falls Back
Based on a wide range of ranking criteria, Germany has a positive outlook on crypto and is one of the strongest traditional tax-driven crypto economies in all aspects, unlike tax havens.
The tax and savings policy towards long-term crypto investment, which includes some of the country’s largest and most respected financial institutions, still ensures that Germany remains in the top spot.
Long-term crypto investment also took a strong place in the top of the US in Q2, but US crypto taxation policies are quite stringent and do not offer any special form of incentives for crypto investors.
Switzerland, which rose to the second place, was last year’s Canton of Lugano. bitcoinIt had made an unexpected announcement that it would define .
The country is also home to the largest headquarters of the world’s leading crypto and blockchain organizations.
Australia is third on the list. Australia has topped the list, backed by reasonable taxes and a government that is in favor of creating its own crypto-based payment system.
Turkey is in the 31st place in the list. It was also revealed which countries had the highest crypto-related online searches in Q3 2022. In this ranking, Turkey lost the high number of searches in the past years and fell to the 10th place.
*Not investment advice.
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