Hong Kong is recognised as a top choice for cryptocurrency users

Forex Suggest, a brokerage firm, has published its Worldwide Crypto Readiness Report, ranking regions poised for cryptocurrency adoption. Hong Kong, a Special Administrative Region of China, secured the top spot in the report for the second consecutive time. The main draw for Hong Kong is its absence of income tax on cryptocurrency transactions and its extensive network of crypto ATMs.

Furthermore, Hong Kong boasts a significant presence of blockchain companies, with 3 startups per 100,000 residents. This statistic propelled Hong Kong ahead of Switzerland, which claimed the second position in the ranking with 12.9 crypto companies per 100,000 inhabitants. In third place is the United States, primarily due to varying degrees of cryptocurrency readiness across different states.

The top 10 list also includes Georgia, Slovenia, Canada, Australia, Germany, Bulgaria, and Panama.