The number of crypto ATMs in relation to a country’s population and geographic area, as well as the number of blockchain companies per 100,000 people, were taken into account while determining that country’s preparedness.
The survival of crypto depends on public approval, but for it to become widely used, governments must establish a supporting infrastructure that meets both the needs of the technology and the general population.
A nation’s willingness to accept cryptocurrencies is indicated by elements including the installation of cryptocurrency ATMs, pro-crypto policies, startup culture, and a just tax system. With a crypto-readiness score of 8.6, Hong Kong was found to be the nation most equipped for broad cryptocurrency adoption according to a Forex Suggest research. The United States and Switzerland made it to the top three despite having greater crypto infrastructure than the island country, with ratings of 7.7 and 7.5, respectively, as seen below.
The number of cryptocurrency ATM installations in relation to the jurisdiction’s population and geographic extent as well as the number of blockchain startups per 100,000 people were the two most important variables in the study used to determine a nation’s preparedness. Hong Kong topped the list as a result of its smaller land mass.
According to statistics from CoinATMRadar, 88 percent of all crypto ATM installations worldwide are located in the U.S. On the other hand, Hong Kong only deployed 146 crypto ATMs, or 0.4 percent of all crypto ATMs placed globally. Hong Kong citizens are never more than 4.3 miles (7 kilometers) from a cryptocurrency ATM due to the limited region.
In contrast, Switzerland has one ATM for cryptocurrency every 161.5 miles (260 km), while the United States has one every 168.3 miles (271 km).
The largest barriers to widespread adoption of cryptocurrencies are cryptocurrency taxes. For the lowest cryptocurrency capital gains taxes, Hong Kong, Switzerland, Panama, Portugal, Germany, Malaysia, and Turkey tie for first place.
The success of a nation’s initiatives to support a developing crypto infrastructure significantly depends on investor opinion. However, investors from developed nations like Australia, Ireland, and the United Kingdom have expressed the most interest in cryptocurrencies, indicating robust global competition for cryptocurrencies.
By establishing a partnership with Coin98, a Southeast Asian-based decentralized finance (DeFi) network, Opera Crypto Browser increased its focus on enhancing Web3 accessibility.
According to a Thursday announcement, by integrating Coin98, Opera’s Crypto Browser will give users access to the platform’s assortment of multichain nonfungible tokens (NFTs), decentralized exchanges (DEX), cross-chain bridges, and asset swaps, as well as the ability to stake and lend their cryptocurrency portfolios.
