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Posted 9/15/2023, 7:36:07 AM

Hong Kong Tops Crypto Readiness Rankings Again as Switzerland and Newcomers Join Top 10

Hong Kong retains #1 spot for crypto readiness for 2nd year, while US drops to 3rd place.
Switzerland jumps to 2nd place with over 9% increase in crypto readiness score.
New countries break into top 10 most crypto-ready, including Slovenia, Canada and Australia.
The Netherlands shows most interest in crypto per capita, while US has most crypto ATMs overall.
India leads global crypto adoption, becoming 2nd largest crypto market by transaction volume.

cointelegraph.com

Relevant topic timeline:

8/22/2023

Like it or not, crypto depends on China

China's historical dominance in the crypto industry persists despite periodic crackdowns, with many crypto companies still earning a significant portion of their revenue from the country and maintaining unofficial channels of liquidity; China's economic uncertainty, including concerns about future crackdowns and a collapsing real estate market, can impact global crypto markets.

9/6/2023

Bitcoin has only 6 billionaires in the entire world, report reveals

Only 22 out of the nearly half a billion people invested in cryptocurrency have become billionaires through their investments, with Bitcoin being the most common asset held by crypto billionaires, according to a report by Henley & Partners. The report also revealed that the US ranked third in terms of public adoption of cryptocurrencies, behind the UAE and Singapore.

9/8/2023

Coinbase Shifts Focus Abroad Amid Murky US Crypto Rules

Crypto exchange Coinbase plans to focus on non-U.S. markets, including the European Union, the United Kingdom, Canada, Brazil, Singapore, and Australia, due to their clearer crypto laws, as it seeks to expand its operations and establish partnerships with global and local banks and payment providers while ensuring compliance with governance systems. The company also aims to intensify its lobbying and visibility efforts ahead of the EU elections and engage with the G20 to create global crypto standards.

9/13/2023

Ripple CEO: U.S. Worst for Crypto Due to SEC Lawsuits, Recommends Singapore and Europe for Friendlier Policies

Ripple CEO Brad Garlinghouse believes that the United States is currently the worst place to launch a cryptocurrency startup, pointing to countries like Singapore, the UK, the UAE, and Switzerland as examples of jurisdictions with more favorable crypto policies. He also criticizes the SEC for its lawsuits against the industry and suggests that recent court wins for Ripple and Grayscale may indicate a shift in the court's perspective. Despite the US being a big market for Ripple, Garlinghouse says the company is expanding services to countries that better understand the potential benefits of blockchain technology.

9/18/2023

Crypto Website Traffic Shifting in 2023 as DeFi and Smaller Exchanges See Growth Despite Overall Bearish Sentiment

Despite claims of a bear market for cryptocurrencies, indicators such as website traffic suggest that crypto adoption and demand for crypto services have actually been growing in 2023.

9/19/2023

Emerging Economies Lead Grassroots Crypto Adoption, Chainalysis Report Finds

A recent report from Chainalysis suggests that grassroots cryptocurrency adoption is seeing a stronger recovery in lower middle-income nations compared to the rest of the world, indicating a potentially promising future for crypto in these countries.

9/24/2023

U.S. Remains Major Player in Crypto Despite Competition from Asia

Coinbase, the U.S. cryptocurrency exchange operator, may invest more elsewhere if the U.S. cannot get crypto regulation right, raising questions about whether the U.S. is still the primary hub for crypto innovation and development.

9/28/2023

Crypto Imports Surge in Brazil, Prompting Central Bank to Tighten Regulations

Brazil's central bank has observed a significant increase in crypto adoption in the country, leading to plans to tighten digital asset regulations, as imports of crypto rose by 44.2% from January to August 2023 compared to the previous year.

9/29/2023

CoinShares Launches U.S. Division Amid Hope for Crypto Regulation and ETF Approvals

Crypto investment firm CoinShares is optimistic about cryptocurrency regulation in the United States as it enters the market and believes that the US is a global leader in digital asset development.