Singapore scored high in the adoption index because of several criteria, including regulations, innovation and technology.
A study reveals that Singapore has claimed the top position in global cryptocurrency adoption, with Hong Kong and the United Arab Emirates following closely behind.
The Henley Crypto Adoption Index 2024, released by the investment migration consultancy firm Henley & Partners, studied the state of crypto adoption in different countries.
The researchers ranked various jurisdictions based on public adoption, infrastructure, innovation and technology, regulatory environment, economic factors and tax friendliness.
