- Singapore came out on top with a composite score of 85.4 in the research.
- Given that the population of this nation is fewer than 6M, these figures are really remarkable.
A recent research of the world’s best cryptocurrency jurisdictions conducted by ApeX Protocol, a multichain liquidity platform, established Singapore as the worldwide champion of blockchain technology.
Singapore came out on top with a composite score of 85.4 in the research. That assessed 10 countries based on blockchain patents, blockchain-related jobs, and crypto exchanges operating in the nation.
According to the research, there are 81 cryptocurrency exchanges in Singapore, 1,600 blockchain patents, and 2,433 employment in the blockchain sector. Given that the population of this nation is fewer than 6 million, these figures are really remarkable.
Other Nations Follow
Hong Kong Special Administrative Region, a Chinese territory, scored 82.7 on the whole, good enough for second place. Because of its robust financial system, blockchain technology and exchanges were able to be easily integrated in Hong Kong.
Estonia is another nation that is putting up a fight, scoring 81.5 on the composite. In spite of its relatively small population (1.4 million), the Baltic nation is home to 52 cryptocurrency exchanges. And an astounding 95 patents pertaining to blockchain technology. Switzerland, USA, Canada, Australia, UK, South Korea, and UAE are among the other leading nations in blockchain technology.
Even though there are a lot of legislative roadblocks, ApeX still sees the US as a key center for blockchain and cryptocurrency. The nation topped all critical criteria because of its massive size.
Considering that the crypto sector was hit hard by Operation Chokepoint 2.0, a government program that was characterized by the law firm Cooper & Kirk as a “regulatory overreach against the crypto industry,” the accomplishments of over 17,000 employment, 166 crypto exchanges, and 32,000 blockchain patents are very remarkable.
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