The United Arab Emirates ranked third in the cryptocurrency friendliness rating compiled by the consulting company Henley & Partners. The new study assessed the society’s and government’s openness to digital assets.
Singapore took the top spot in the ranking, with its authorities actively promoting the popularization and adoption of technology among the population. Hong Kong came in second, distinguished by its developed digital infrastructure and liberal taxation of digital assets. Among the advantages of the UAE is the widespread use of cryptocurrency for transactions, including the ability to purchase real estate with it. The United States and the United Kingdom round out the top five.
The ranking includes a total of 28 countries.
