Top Countries for Cryptocurrency Business in 2024 Revealed

According to PANews, the 2024 ranking of the best countries for cryptocurrency business has been released. The top ten countries are Dubai, Switzerland, South Korea, Singapore, the United States, Estonia, Italy, Russia, Germany, and Brazil. Dubai scored the highest in regulatory clarity, exemption from capital gains tax, favorable corporate tax (9%), and affordable licensing fees, making it a premier destination for cryptocurrency activities. Switzerland, with 900 registered cryptocurrency companies, offers a 7.8% favorable capital gains tax for long-term investors and plays a crucial role in the global cryptocurrency sector.