• Market Cap: $1,146,382,369,165.42
  • 24h Vol: $29,581,259,479.75
  • BTC Dominance: 44.84%
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Germany and the US share the top spot in the global crypto rankings: report

Jon Hartney by Jon Hartney
July 15, 2022
in Bitcoin, Blockchain, Business, Market
0
Germany and the US share the top spot in the global crypto rankings: report
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

The U.S. climb the rankings to join Germany at the summit as progressive regulations and institutional adoption drive cryptocurrency use in both countries.

Germany and the United States shared the spoils in the latest quarterly global cryptocurrency rankings released by analytics firm Coincub.

The two countries now share the top rankings, with Germany making space for the rising U.S., having topped the first quarter rankings for 2022. Their dominance is due to progressive regulatory environments and major Bitcoin (BTC) investments by mainstream institutions.

Related articles

Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

June 9, 2023
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

June 9, 2023

Coincub’s rankings tally up points across nine overall categories, which focus on government, financial services, population, taxation, talent development and industry participants, trading, fraud and environmental potential. The current ranking system introduced new sub-categories like crypto education courses and initial coin offerings to create a more comprehensive gauge.

Germany’s move to allow its savings industry to utilize crypto investments and benefit from a zero-tax policy on capital gains of Bitcoin and Ether (ETH) held for more than a year was a key reason for its rise to the top of the rankings earlier this year.

The U.S. moved up from third to share the top rank, driven by president Joe Biden’s executive order on Ensuring Responsible Development of Digital Assets in March 2022. The directive aims to guarantee the responsible development of the space, provide consumer protection and financial stability, and combat illicit activity.

Coincub also cited global investment firm Fidelity’s decision to include Bitcoin exposure as part of select American pension funds in April 2022 as a pivotal role in the country’s climb up the crypto rankings. Parallels were drawn with a move by Germany’s financial services firm Sparkasse to enable its 50 million users to buy Bitcoin directly from their bank accounts.

Switzerland sits third on the global crypto rankings, driven by the most recent development in the country which saw the canton of Lugano recognize Bitcoin as legal tender. This allowed citizens in the area to make everyday payments using BTC, including taxes and municipal accounts and services.

More than 1000 blockchain and virtual asset service providers (VASPs) call Switzerland home, and the country ranks highly for its number of Bitcoin nodes and ATMs. VASPs have to be licensed by the Swiss Financial Market Supervisory Authority (FINMA) and abide by anti-money laundering (AML) and Know Your Customer (KYC) policies.

Related: New crypto owners nearly doubled in 3 key regions in 2021: Report

Singapore is ranked fourth after Q2 in 2022, having fallen from its top spot at the end of 2021 due to recent regulatory tightening from the country’s financial regulator and the central bank.

Australia rounds off the top five of Coincub’s crypto rankings, with the firm highlighting a high number of initial coin offerings, exchanges and transaction volumes as well as a number of universities offering blockchain and crypto educational courses.

Coincub’s rankings combine quantitative data including trading or mining volumes with qualitative elements like government legislation and institutional attitude towards cryptocurrencies. Their reports look to provide a consolidated view of a country’s stance by amalgamating qualitative information and quantitative data.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

by Jon Hartney
June 9, 2023
0

The company cited the SEC’s actions against Coinbase and Binance as reasons for the delisting, saying the lawsuits

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

by Jon Hartney
June 9, 2023
0

Along with the recent wave of lawsuits, this week’s Crypto Biz also explores Apple’s new headset, Brazil’s

US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

by Jon Hartney
June 9, 2023
0

The Justice Department claims Alexey Bilyuchenko and Aleksandr Verner took control of a Mt Gox server and stole 647,000

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

by Jon Hartney
June 9, 2023
0

Traditional finance companies are boosting their engagement with Ethereum-based real-world asset protocols, resulting

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined

by Jon Hartney
June 9, 2023
0

The top-100 DeFi tokens by market capitalization had a bearish week as the total value locked in these protocols fell

Load More
  • Trending
  • Comments
  • Latest
NEXO risks 50% drop due to regulatory pressure and investor concerns

NEXO risks 50% drop due to regulatory pressure and investor concerns

September 30, 2022
51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

51% of Ethereum blocks are now compliant with OFAC standards, raising censorship concerns

October 14, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022
Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

Zero-knowledge KYC could solve the privacy vs compliance conundrum: VC partner

October 11, 2022
All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0
Crypto owners banned from working on US Government crypto policies

Crypto owners banned from working on US Government crypto policies

0
Korean startup Uprise lost $20M shorting LUNC

Korean startup Uprise lost $20M shorting LUNC

0
Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0
Robinhood will end support for 3 tokens named in SEC lawsuits

Robinhood will end support for 3 tokens named in SEC lawsuits

June 9, 2023
Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up

June 9, 2023
US Justice Department charges two men in Mt. Gox Hack

US Justice Department charges two men in Mt. Gox Hack

June 9, 2023
Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave

June 9, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Robinhood will end support for 3 tokens named in SEC lawsuits June 9, 2023
  • Crypto Biz: The SEC’s summer crackdown, Apple’s ‘spatial computing,’ and Mercado Bitcoin gears up June 9, 2023
  • US Justice Department charges two men in Mt. Gox Hack June 9, 2023
  • Real-World Asset protocols outperform DeFi blue-chips due to tokenization wave June 9, 2023
  • DeFi volumes surge 444% after Binance, Coinbase lawsuits: Finance Redefined June 9, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$26,469.00-0.47%
  • ethereumEthereum(ETH)$1,835.72-0.88%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.09%
  • binancecoinBNB(BNB)$261.22-0.95%
  • usd-coinUSD Coin(USDC)$1.00-0.02%
  • rippleXRP(XRP)$0.542.20%
  • staked-etherLido Staked Ether(STETH)$1,835.52-0.79%
  • cardanoCardano(ADA)$0.296938-8.49%
  • dogecoinDogecoin(DOGE)$0.0692241.74%
  • solanaSolana(SOL)$17.53-7.60%
  • matic-networkPolygon(MATIC)$0.73-6.75%
  • litecoinLitecoin(LTC)$89.000.33%
  • tronTRON(TRX)$0.072071-7.17%
  • polkadotPolkadot(DOT)$4.98-1.13%
  • binance-usdBinance USD(BUSD)$1.00-0.08%
  • avalanche-2Avalanche(AVAX)$13.80-1.36%
  • shiba-inuShiba Inu(SHIB)$0.000008-0.96%
  • daiDai(DAI)$1.000.10%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,453.00-0.61%
  • uniswapUniswap(UNI)$4.57-1.42%
  • leo-tokenLEO Token(LEO)$3.50-0.97%
  • chainlinkChainlink(LINK)$5.98-0.65%
  • okbOKB(OKB)$44.850.35%
  • cosmosCosmos Hub(ATOM)$9.18-3.06%
  • moneroMonero(XMR)$142.44-0.92%
  • ToncoinToncoin(TON)$1.711.81%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.11%
  • ethereum-classicEthereum Classic(ETC)$16.95-0.34%
  • stellarStellar(XLM)$0.0884291.31%
  • bitcoin-cashBitcoin Cash(BCH)$110.74-0.80%
  • true-usdTrueUSD(TUSD)$1.00-0.04%
  • lido-daoLido DAO(LDO)$2.17-0.15%
  • internet-computerInternet Computer(ICP)$4.220.82%
  • filecoinFilecoin(FIL)$4.03-1.70%
  • quant-networkQuant(QNT)$107.46-3.42%
  • hedera-hashgraphHedera(HBAR)$0.048492-0.56%
  • crypto-com-chainCronos(CRO)$0.057843-1.90%
  • AptosAptos(APT)$7.39-3.84%
  • ArbitrumArbitrum(ARB)$1.13-0.20%
  • GGTKNGGTKN(GGTKN)$0.1121180.75%
  • nearNEAR Protocol(NEAR)$1.39-2.26%
  • vechainVeChain(VET)$0.017103-4.67%
  • apecoinApeCoin(APE)$2.83-3.18%
  • paxos-standardPax Dollar(USDP)$1.00-0.02%
  • fraxFrax(FRAX)$1.00-0.07%
  • BSCEXBSCEX(BSCX)$261.7682.77%
  • the-graphThe Graph(GRT)$0.110927-2.58%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • eosEOS(EOS)$0.890.02%
  • rocket-poolRocket Pool(RPL)$47.440.04%
  • algorandAlgorand(ALGO)$0.1249250.75%
  • elrond-erd-2MultiversX(EGLD)$34.72-0.97%
  • blockstackStacks(STX)$0.62-3.93%
  • the-sandboxThe Sandbox(SAND)$0.470971-3.82%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,972.59-0.90%
  • aaveAave(AAVE)$59.88-0.20%
  • optimismOptimism(OP)$1.33-3.70%
  • render-tokenRender(RNDR)$2.290.85%
  • fantomFantom(FTM)$0.287269-3.46%
  • tezosTezos(XTZ)$0.83-1.92%
  • theta-tokenTheta Network(THETA)$0.75-1.69%
  • usddUSDD(USDD)$1.00-0.01%
  • decentralandDecentraland(MANA)$0.407863-2.88%
  • immutable-xImmutableX(IMX)$0.72-0.03%
  • Bitget TokenBitget Token(BGB)$0.504.34%
  • axie-infinityAxie Infinity(AXS)$6.04-3.49%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.820.18%
  • BitDAOBitDAO(BIT)$0.476771-0.91%
  • radixRadix(XRD)$0.066858-1.59%
  • havvenSynthetix Network(SNX)$2.05-0.89%
  • kucoin-sharesKuCoin(KCS)$6.69-1.62%
  • flowFlow(FLOW)$0.62-2.28%
  • neoNEO(NEO)$9.02-0.71%
  • curve-dao-tokenCurve DAO(CRV)$0.76-1.19%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • galaGALA(GALA)$0.025511-2.47%
  • terra-lunaTerra Luna Classic(LUNC)$0.000100-0.35%
  • bitcoin-cash-svBitcoin SV(BSV)$29.99-0.89%
  • gatechain-tokenGate(GT)$4.152.02%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.19%
  • makerMaker(MKR)$625.18-0.40%
  • injective-protocolInjective(INJ)$6.89-1.85%
  • kavaKava(KAVA)$0.94-4.41%
  • klay-tokenKlaytn(KLAY)$0.1650561.03%
  • marumaruNFTmarumaruNFT(MARU)$0.24991121.40%
  • bittorrentBitTorrent(BTT)$0.000001-0.65%
  • xdce-crowd-saleXDC Network(XDC)$0.0359332.65%
  • pax-goldPAX Gold(PAXG)$1,917.10-0.47%
  • iotaIOTA(MIOTA)$0.176860-1.76%
  • Tokenize XchangeTokenize Xchange(TKX)$6.14-0.18%
  • PepePepe(PEPE)$0.0000015.65%
  • tether-goldTether Gold(XAUT)$1,960.87-0.18%
  • compound-ethercETH(CETH)$36.90-0.77%
  • casper-networkCasper Network(CSPR)$0.043069-1.54%
  • conflux-tokenConflux(CFX)$0.227681-1.97%
  • huobi-tokenHuobi(HT)$2.931.94%
  • chilizChiliz(CHZ)$0.087376-0.48%
  • binaryxBinaryX(BNX)$165.90-5.97%
  • gmxGMX(GMX)$51.25-0.70%