According to a study conducted by Coincub, Germany was the most crypto-friendly country in the first quarter of 2022. Singapore – holds second place, while the United States holds third place.
Coincub is a new cryptocurrency exchange aggregator that helps investors compare different exchanges before making their decision.
Coincub noted that the ranking of digital asset-friendly countries has changed over the past few months.
“Germany’s acceptance of cryptocurrency and groundbreaking decision to allow crypto investments placed it in the first position for Q1, 2022.”
An example of a recent German pro-crypto trend is Sparkasse (the largest financial group in Germany), which plans to offer its nearly 50 million customers digital assets.
The top country in the fourth quarter of 2021, Singapore, is now second, while the world’s top economy – the US is third. Australia and Switzerland made the top five.
Sergiu Hamza, CEO of Coincub explained that his company is looking to give the most accurate picture of recent crypto trends.
Other countries that have improved crypto-friendliness are the Netherlands, France, and Spain.
Switzerland makes the top 10, this is mainly due to their southern city, Lugano being willing to accept Bitcoin as a legal currency.
Just a few weeks ago, Kucoin reported that “Almost half of the German population intends to invest in crypto.” So it makes sense for Germany to rise to the top in crypto-friendly countries.