It comes in fourth behind Hong Kong, US, Switzerland
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The UAE is among the world’s top four countries most ready for cryptocurrency adoption, which has been growing exponentially over the past five years, according to a study by Forex Suggest.
The study, which has analysed factors including the number and accessibility of crypto ATMs in each country, legislation and taxes surrounding cryptocurrency, the number of blockchain startups, and searches for crypto, has ranked Hong Kong, the US, Switzerland and the UAE among the top four crypto-ready nations in the world.
The UAE shares the fourth spot with three other countries including Georgia, Romania and Croatia with a crypto-readiness score of 6.2 out of 10. Hong Kong, the US and Switzerland scored respectively 8.6, 7.7, and 7.5.
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