In 2023, Hong Kong will remain one of the most promising travel destinations in the world Crypto Industry. With a thriving community and progressive regulation, this crypto epicenter attracts investors and entrepreneurs from around the world.
In the recently published research results According to Forex Suggest, Hong Kong is at the top of the countries most ready for cryptocurrencies this year. Switzerland (8.18) and the USA (7.25) follow with a value of 8.36. The Netherlands is in 13th place with a barely sufficient value of 5.75.
One of Hong Kong’s main advantages is its favorable cryptocurrency regulations. The government takes a progressive approach to digital assets and provides a clear framework for companies and startups operating in the crypto sector. This has led to a growing ecosystem of Blockchain Companies that offer innovative solutions for various industries. In addition to the growing crypto countries, there is also the United States. They recently fell from second to third place. In the so-called Crypto Readiness Score (CRS), Americans fell by 6.5% compared to the previous year. Switzerland, on the other hand, did well: it rose by over 9%.
It is not surprising that China’s neighboring country is doing so well. Hong Kong has also built a strong infrastructure to support the growing cryptocurrency world. The city has a network of crypto and blockchain-related service providers, including exchanges, wallet providers and consulting firms. This makes it easier for businesses to get started quickly and take advantage of the benefits the crypto market has to offer. Finally, Hong Kong is one of the countries that imposes a corresponding 0% tax on crypto earnings.
The Netherlands is not a laggard
Although the Netherlands is in thirteenth place in the ranking, they still stand out in a positive way. It ranks at the top of most expressed online interest per person. With 2,525 search queries per hundred thousand inhabitants, the Netherlands is well ahead of the top countries. Well behind are Hong Kong (1,674), Switzerland (1,049) and the USA (788). Singapore follows our small country with 1,995 searches.
All in all, Hong Kong remains a top destination for the crypto industry in 2023. With favorable regulations, a thriving ecosystem, and a strategic location, the city provides a solid foundation for crypto businesses to grow in the crypto world.