UAE: One of four nations ready to adopt cryptocurrency

Estimated read time 4 min read

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UAE: One of four nations ready to adopt cryptocurrency

According to a survey by Forex Suggest, the UAE is one of the top four nations in the world that are most prepared to adopt cryptocurrencies, which have been developing rapidly over the past five years.

The study ranked Hong Kong, the United States, Switzerland, and the UAE among the top four crypto-ready countries in the world after analyzing factors including the amount and accessibility of cryptocurrency ATMs in each country, cryptocurrency legislation and taxes, the number of blockchain startups, and searches for cryptocurrency.

With a crypto-readiness score of 6.2 out of 10, the UAE shares fourth place with three other nations, including Georgia, Romania, and Croatia.

Meanwhile, Hong Kong, the US, and Switzerland received scores of 8.6, 7.7, and 7.5, respectively. BKM/ Expat Media


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