THIS nation-state beats United States, UAE to top global crypto adoption charts! – BitRss

• Singapore ranked first in the global crypto adoption report by Henley Global
• Over 40% of Singaporean investors own crypto and expect mainstream adoption

Singapore has topped global crypto adoption, beating the United States, UAE and Hong Kong, according to a report by consulting firm Henley Global.

The Asian country ranked highest on the crypto adoption index, thanks to its tax-friendly and clear regulatory environment in the digital asset industry. 

Part of the Henley report read, 

“Singapore leads in the deployment of a financial, business, and regulatory environment that fosters crypto adoption due to its supportive banking system, significant investment, comprehensive regulations such as the Payment Services Act, regulatory sandboxes, and alignment with global standa…