DUBLIN<\/span><\/span>, Nov. 28, 2022<\/span><\/span> \/PRNewswire\/ — On a comprehensive number of business ranking categories, Singapore<\/span> leads the pack as the world’s most ‘business-friendly’ crypto<\/span> country. The ambitious island nation scores highly on the proportional number of crypto<\/span> firms, the overall number of crypto<\/span> firms, fundraising ($374 million<\/span>), and venture capital presence.<\/p>\n In the top five ‘business friendly’ crypto<\/span> rankings, Singapore<\/span> is followed by the UK, the Cayman Islands<\/span>, Hong Kong<\/span> and the USA<\/span> at two, three, four and five respectively.<\/p>\n The full rankings show a diverse range of countries all speeding ahead with their crypto<\/span> economies notably, Switzerland<\/span>, Estonia<\/span>, Australia<\/span>, Norway<\/span>, Germany<\/span>, France<\/span> and Canada<\/span> all of which sit comfortably in the top twenty.<\/p>\n Languishing in the rankings, unsurprisingly, are countries such as Russia<\/span> and China<\/span> which have implemented full or partial bans on cryptocurrency<\/span> dealings. Uzbekistan<\/span> and Kazakhstan<\/span> are even lower as both are predominantly Bitcoin<\/span> mining countries rather than fully developed crypto<\/span> economies.<\/p>\n Both El Salvador<\/span> and the Central African Republic<\/span> raised eyebrows a year ago when they declared Bitcoin<\/span> as legal tender but neither has yet profited from the decision and sit in the lower half of the rankings table.<\/p>\n About the report<\/b><\/p>\n The business-friendly ranking report from Coincub is the first in a planned two-monthly series, each carrying a different set of analyses on the crypto<\/span> community worldwide. The reports are aimed at financial professionals, journalists, investors and casual crypto<\/span> enthusiasts.<\/p>\n Nb \u2013 The Coincub bi-monthly crypto<\/span> report is different from the company’s widely acknowledged quarterly ‘country rankings’ that take a wider, socio-economic perspective of the growth of crypto<\/span> and blockchain across the world. In the recent Q3 2022 Crypto<\/span> Country ranking, for example, Germany<\/span> narrowly came top with Switzerland<\/span> second, thanks to its progressive crypto<\/span> policies generally and zero tax on long-term crypto<\/span> investment savings.<\/p>\n Register your interest for the full Crypto<\/span> Friendly Business Report here<\/a><\/u>.<\/p>\n About Coincub.com<\/b><\/p>\n Coincub.com offers bespoke information, guidance, and analysis on the workings of the crypto<\/span> economy for both new and experienced crypto<\/span> investors on a uniquely country-by-country basis. Complete country guides and rankings can be found on the website.<\/p>\n Contact<\/b><\/p>\n Sergiu Hamza<\/span> \u2013 CEO Coincub Photo: https:\/\/mma.prnewswire.com\/media\/1955667\/Best_countries_for_crypto_business.jpg<\/a> \u00a0 SOURCE Coincub.com<\/p>\n![\"Report:](\"https:\/\/mma.prnewswire.com\/media\/1955667\/Best_countries_for_crypto_business.jpg?w=350\" "\\"Report:")
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