New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    Henley's new Crypto Adoption Index has over 750 data

    points that assess and rate crypto-friendly investment migration host countries based on their level of adoption and integration of cryptocurrencies and blockchain technology.Which country has gained the top spot in this index? 
    A Singapore Correct Answer Incorrect Answer
    B UAE Correct Answer Incorrect Answer
    C Malta Correct Answer Incorrect Answer
    D Hong Kong Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Henley's new Crypto Adoption Index has over 750 data points that assess and rate crypto-friendly investment migration host countries based on their level of adoption and integration of cryptocurrencies and blockchain technology.  Singapore takes the leading position overall with a score of 50.2 out of 60, or 83.76%, with Switzerland in 2nd place (78.17%), followed closely by the UAE on 76.17%. Hong Kong (4th on 76%), the United States (5th on 73.83%), Australia (6th on 71.83%), and the United Kingdom (7th on 71.17%) all land first-class honors when it comes to crypto adoption, with Canada (8th on 67,33%), Malta (9th on 64.83%) and Malaysia (10th on 62.5%) also making it into the Top 10.     Most tax-friendly options- o   In terms of the tax-friendliness parameter, which assesses a country's approach to taxing cryptocurrency-related activities, Singapore and the UAE score a flawless 10 out of 10, with  Hong Kong, Mauritius, and Monaco securing an impressive 9 out of 10, and Antigua and Barbuda, Malaysia, Namibia, and Switzerland each achieving a respectable 8 out of 10.    Options having high public adoption of crypto – o   The UAE and Singapore again share the leading position when it comes to public adoption, which measures the level of awareness, interest, and engagement with cryptocurrencies in the general population, with each scoring 7 out of 10 for this parameter. o   The UK, US, Canada, Australia, Mauritius, Hong Kong, Switzerland, and Malta all make it into the Top 10 when considering factors such as the percentage of crypto users relative to the total population. o   As of August 2023, transactions made exclusively in cryptocurrencies are tax-free in Portugal.

    Practice Next