Research shows that the United States is taking the lead in cryptography as a friendly country cryptocurrencies globally, while Hong Kong enjoys the 4th most encryption-friendly area.

Compared to 200 countries and regions worldwide, the United States is number one in taking the lead in cryptography deployment, with a total score of 7.13 out of ten. The United States has the most encryption machines with more than 17,000 and the most encryption machines per capita, covering more than 19,000 people per ATM. Nearly 15,000 Google cryptographic searches per 100,000 people have increased 140% of searches over the same period last year.

Published a study on Thursday called “Crypto-ready index” (CRI) completed virtual currency institution Crypto Head. The CRI score is calculated and analyzed for the number of encryption ATMs, accessibility, government attitudes to encryption ownership, and the introduction of encryption worldwide.

The five largest encryption-ready countries / regions worldwide

Investment

Country / Region

Annual Crypto Google searches
Per 100,000 people

Number of cryptographic machines

People per cryptocurrency

Surface towards the cryptographic machine
(square miles)

Legislative points / 2

Ready to encrypt score / 10

1

United States

14,796

17,436

19,023

218

2

7.13

2

Cyprus

33,941

0

888,005

3,572

2

6.47

3

Singapore

31,324

10

568,581

28

2

6.30

4

Hong Kong

10.356

124

60,276

3

2

6.27

5

United Kingdom

21,154

200

333,984

468

2

6.06

Source from Crypto Head.

Adam Morris, founder of Crypto Head, explained why the United States gets the highest ranking:

“Our study also found that the United States is the most cryptocurrency-ready for consumers, even though the government has been slow in terms of regulatory clarity in recent years, which has actually driven most of the cryptographic activity overseas.”

Hong Kong has the largest cryptographic hubs in the world

On the other hand, CRI reports that the East Asian Financial Center in Hong Kong has the most cryptocurrencies in the world, averaging one per 7.77 square kilometers and at least one ATM per 60,000 people. Hong Kong gets 6.27 ready-to-encrypt scores out of ten. In addition, encryption ownership is also allowed in this former British colonial city, while online searches have doubled, according to the study.

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Crypto ATMs operate in Wanchai, Hong Kong; photos contributed by Leo Tam.

Singapore is investigating Binance

Meanwhile, Singapore ranks third after Cyprus. The study appreciates that the city-state has more than 30,000 cryptocurrencies per 100,000 people, and the local also allows investors to own and use cryptocurrencies. However, Singapore is streamlining cryptographic operations, fThe restriction imposed by the UK financial regulators prohibits Binance’s activities. The Singapore financial regulator conducted an investigation into Binance on Thursday, according to Bloomberg.

Image source: Shutterstock

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