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 <p>Singapore is the world’s most crypto-friendly place with flexible tax laws, high levels of adoption and offers of citizenship to foreigners, a new report says.</p> 
 <p>Switzerland ranked second, followed by the United Arab Emirates and Hong Kong, according to the Crypto Wealth Report compiled by London-based investment migration consultancy Henley &amp; Partners.</p> 
 <p>The US was ranked fifth, followed by Australia, the UK, Canada, Malta and Malaysia.</p> 
 <h3 id="singapore-ties-with-uae-on-taxation">Singapore Ties With UAE On Taxation</h3> 
 <p>Singapore had a perfect score for taxation, as did the UAE, while Hong Kong, Monaco, and Mauritius were close behind on the metric.</p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">The inaugural Crypto Wealth Report published by Henley &amp; Partners indicates that the total market value of crypto is now a staggering USD 1,180 billion and there are 425 million individuals globally that own cryptocurrencies.https://t.co/8tG4Ay6loH#CryptoWealthReport #Crypto</p> 
  <p>— Henley &amp; Partners (@HenleyPartners) September 5, 2023</p> 
 </blockquote> 
 <p></p> 
 <p>Singapore and the UAE also took the lead on public adoption of crypto, measured by the level of awareness, interest, and engagement with digital currencies.</p> 
 <p>The US was ranked top for infrastructure adoption, a metric that assesses the technological foundations for digital currency transactions and exchanges.</p> 
 <h3 id="22-bitcoin-billionaires">22 Bitcoin Billionaires</h3> 
 <p>The report estimates the world has just 22 people who hold more than $1 billion in Bitcoin and said there are 88,200 crypto millionaires.</p> 
 <p>The report pegs the number of crypto holders worldwide at 425 million.</p> 
 <h3 id="related-articles">Related Articles:</h3> 
 <ul> 
  <li>Singapore takes measures to make crypto trading difficult for retail investors</li> 
  <li>Singapore’s crypto future goals threatened by FTX’s collapse</li> 
  <li>Crypto Exchanges In Singapore Will Now Keep Client Money in a Trust</li> 
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/singapore-is-most-crypto-friendly-destination-report-says-tbt61782.html">https://thebittimes.com/singapore-is-most-crypto-friendly-destination-report-says-tbt61782.html</a></p>

Singapore Is Most Crypto-Friendly Destination, Report Says

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