Germany Overtakes Singapore as Number 1 in Terms of Most Crypto-friendly Nation

  • Last year, Germany came in the fourth position in the world rankings.
  • The United States is ranked third overall in domestic mining.

According to Coincub, Germany is the most crypto-friendly nation globally, beating out countries like Singapore. For the first quarter of 2022, Coincub’s global crypto rankings placed Germany at the top of the list. One of the most important considerations for the throne was the country’s pioneering choice to include crypto investments into a large portion of its domestic savings.

The steps taken show institutional acceptability and Germany’s glorious future in crypto. Coincub produced a study rating 46 nations based on various characteristics, including initial coin offerings, fraud prevention measures, and crypto courses offered by educational institutions in each country. Etc.

Number 4 to the Top

Last year, Germany came in the fourth position in the world rankings. As a result, it has raced ahead of the rest of the world. For example, before the government’s limitations on virtual asset service providers’ crypto services and Bitcoin ATMs, Singapore was rated 1st but dropped to 2nd place.

However, the United States is ranked third overall in domestic mining. Last month, KuCoin estimated that 16 percent of Germans between 18 and 60 possessed or have traded crypto in the last six months. Forty-one percent of investors plan to increase their investments shortly. The German publication Capital disclosed an attempt to offer a crypto wallet in December. In Germany, Deutsche Boerse, the stock market operator, has listed more than 20 crypto exchange-traded instruments.

The nations that scored the lowest in the previous study seem to have overthrown their successors. On the other hand, several European countries have climbed from their former places. Furthermore, the United Arab Emirates has risen to the 22nd spot among countries with lenient crypto regulations and restrictions.

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