On a comprehensive number of business ranking categories, Singapore leads the pack as the world’s most ‘business-friendly’ crypto country. The ambitious island nation scores highly on the proportional number of crypto firms, the overall number of crypto firms, fundraising ($374 million), and venture capital presence. most ‘business-friendly’ crypto country

In the top five ‘business friendly’ crypto rankings, Singapore is followed by the UK, the Cayman Islands, Hong Kong and the USA at two, three, four and five respectively.

The Coincub Crypto Business Ranking Map

The full rankings show a diverse range of countries all speeding ahead with their crypto economies notably,  Switzerland,  Estonia,  Australia, Norway, Germany, France and Canada all of which sit comfortably in the top twenty.

Languishing in the rankings, unsurprisingly, are countries such as Russia and China which have implemented full or partial bans on cryptocurrency dealings. Uzbekistan and Kazakhstan are lower as both are predominantly Bitcoin mining countries rather than fully developed crypto economies.

Both El Salvador and the Central African Republic raised eyebrows a year ago when they declared Bitcoin as a legal tender. Still, neither has yet profited from the decision and sits in the lower half of the rankings table.

About the best countries for crypto business report

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 community worldwide. The reports are aimed at financial professionals, journalists, investors and casual crypto enthusiasts.

Nb – The Coincub bi-monthly crypto report differs from the company’s widely acknowledged quarterly ‘country rankings’ that take a wider, socio-economic perspective of the growth of crypto and blockchain worldwide. In the recent Q3 2022 Crypto Country ranking, for example, Germany narrowly came top with Switzerland second, thanks to its progressive crypto policies generally and zero tax on long-term crypto investment savings.

About Coincub.com most ‘business-friendly’ crypto country

Coincub.com offers bespoke information, guidance, and analysis on the workings of the crypto economy for both new and experienced crypto investors on a uniquely country-by-country basis. Complete country guides and rankings can be found on the website.