Report: Germany is the most crypto -friendly country

Report: Germany is the most crypto -friendly country

According to a report by Coincub, Germany has replaced Singapore as the most crypto -friendly country.

The company's report for the first quarter of 2022 ordered 46 countries based on a number of factors, including newly added categories such as the number of first -time coin offers (ICOS) in every country, the spread of fraud falls and the availability of cryptocurses by leading institutions.

"While the events are developing, we go beyond the legislation or pure numbers and introduce new dimensions that are crucial for the definition of a country's crypto friendliness or ripe," said Sergiu Hamza, CEO of Coincub, in an explanation.

Germany took fourth place on the Coincub list last year.

The upgrade comes after the crypto exchange Kucoin Published Last month a report This shows that 16 % of the German population between the ages of 18 and 60 have crypto or have acted with it in the past six months. Forty -one percent of these investors intend to increase their allocations in this area in the next six months.

The German magazine Capital for the first time in December reported that the country's savings banks, which hold more than 1 trillion euros, wanted to offer a wallet for trading cryptocurrency. The Coincub report called the decision a "groundbreaking" development that signals a higher institutional acceptance of crypto.

The German stock exchange operator Deutsche Börse has also noted more than 20 exchange -traded crypto products (ETPS) on its digital stock exchange Xetra in the past few months. Fund releases such as Wisdomtree, Coinshares and 21shares have recently listed all products in the country.

Singapore, which was previously number one, fell to second place due to government decisions, the advertising for cryptododes, and a hard procedure against Bitcoin money machines.

The United States took third place among the crypto -friendly countries, which is partly due to their decision to strive for clearer cryptor regulation, the report stated.

President Joe Biden signed a implementation regulation in which he asked the government authorities to work together to examine the "responsible development" of digital assets. US Finance Minister Janet Yellen repeated these calls in a discussion that Microstrategy CEO Michael Saylor described as "probably the most important speech of the 21st century".

The United States also took first place in mining because the country is about 35 % of the global hashish rate - in front of the second -placed Kazakhstan, which is about 18 %.

The United Arab Emirates, which ranked 22nd, were a new addition to the list after they had recently planned to become one of the global crypto hotspots.

Dubai revealed his first cryptocurrency legislation that is monitored by a new regulatory authority, and the EMIRAT recently issued licenses for the company to the crypto beliefs FTX and Binance.

China remained after his widespread ban on trade and the screaming of crypto at the end of the list.

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The contribution report: Germany is the most crypto -friendly country is not a financial advice.