Germany and the US share the top spot in the global crypto rankings: report
— Global, Firm, Development, Number, Rankings, Share, Germany, Financial, Report, Bitcoin — 1 min read
Germany and the U.S. share the top spot in the latest global crypto rankings released by analytics firm Coincub. Their dominance is due to progressive regulatory environments and major Bitcoin investments by mainstream institutions. Germany's move to allow its savings industry to utilize crypto investments and benefit from a zero-tax policy on capital gains of Bitcoin and Ether (ETH) held for more than a year was a key reason for its rise to the top of the rankings earlier this year. Switzerland is third on the list, with the canton of Lugano recognizing Bitcoin as legal tender. Singapore is ranked fourth after Q2 in 2022, having fallen from its top spot at the end of 2021 due to regulatory tightening from the country’s financial regulator and the central bank. Source