It ranks fourth, after Hong Kong, the United States, and Switzerland.
With a crypto-readiness score of 6.2 out of 10, the UAE is tied for fourth place with three other countries: Georgia, Romania, and Croatia.
According to a Forex Suggest research, the UAE is one of the top four nations in the world for cryptocurrency usage, which has grown significantly over the last five years.
According to the study, Hong Kong, the United States, Switzerland, and the United Arab Emirates are the top four crypto-ready countries in the world, based on factors such as the number and accessibility of crypto ATMs in each country, cryptocurrency legislation and taxes, the number of blockchain startups, and crypto searches.
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With a crypto-readiness score of 6.2 out of 10, the UAE is tied for fourth place with three other countries: Georgia, Romania, and Croatia. Hong Kong, the United States, and Switzerland received scores of 8.6, 7.7, and 7.5, respectively.
According to the Forex Suggest research.
According to the report, the UAE is also third in the list of nations with the most blockchain companies and fourth in the list of countries with the highest interest in cryptocurrencies.
The UAE, which ranks third behind Switzerland and Hong Kong in terms of the number of blockchain companies per 100,000 people, boasts some of the most forward-thinking entrepreneurs in financial technology, with 1.2 blockchain businesses per 100,000 people.
The UAE ranked fourth among nations with the most interest in cryptocurrencies, with 3,342 cryptocurrency searches per 100,000 individuals, behind only Australia (4,579 searches), Ireland (3,472), and the United Kingdom (3,409 searches).
Australia is the nation with the most interest in cryptocurrency, with nearly 1000 more searches per 100,000 people than the country in second place. The region’s crypto industry has grown significantly, with slightly under 18% of Australia’s population possessing crypto in 2021.
Hong Kong, which ranked first in overall crypto-readiness, also scores in the top three in three of the areas examined by the survey, including the number of blockchain companies per 100,000 people and the percentage of crypto ATMs to the population.
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