Germany and the United States shared a mess in the latest quarterly global cryptocurrency rankings released by analytics firm Coincub.
Now two countries share Creating space for the rise of Germany in the United States, Above the ranking in the first quarter Towards 2022. Their advantage is due to the progressive regulatory environment and the major Bitcoin (BTC) Investment by mainstream institutions.
Coincub’s ranking aggregates points across nine overall categories focused on government, financial services, population, taxation, human resources development, industry participants, trade, fraud, and environmental potential. The current ranking system introduces new subcategories such as crypto education courses and early coin offerings to create more comprehensive gauges.
The United States rose from 3rd place and shared the top ranks. Presidential Order of President Joe Biden Directive for ensuring responsible development of digital assets in March 2022. This directive aims to ensure responsible development of space, provide consumer protection and financial stability, and combat illegal activity.
Coincub also quoted a global investment company Fidelity’s decision to include Bitcoin exposure As part of the US Pension Fund, which was selected in April 2022, as a central role in the rise of the country’s cryptocurrency rankings. Parallels was portrayed in the move of a German financial services company Sparkasse enables 50 million users Buy Bitcoin directly from your bank account.
Switzerland is the third largest cryptocurrency ranking in the world, driven by the latest developments in the country. Lugano recognizes Bitcoin as legal tender.. This allowed local citizens to use BTC to make daily payments, including taxes and local government accounts and services.
With over 1000 blockchain and virtual asset service providers (VASPs) calling Switzerland home, the country ranks high in the number of Bitcoin nodes and ATMs. VASP must be licensed from the Swiss Financial Markets Regulatory Authority (FINMA) and adhere to the Money Laundering Prevention (AML) and Know Your Customer (KYC) policies.
Following the second quarter of 2022, Singapore dropped from the top spot at the end of 2021 and is ranked fourth. Due to recent tightening of regulations From national financial regulators and central banks.
Australia concludes the top five of Coincub’s cryptocurrency rankings, with the company highlighting a number of universities offering early coin offerings, exchanges, trading volumes, and blockchain and crypto education courses.
Coincub rankings combine quantitative data such as transaction volume and mining volume with qualitative factors such as government law and institutional attitudes towards cryptocurrencies. Their report aims to provide an integrated view of the country’s stance by integrating qualitative and quantitative data.