Ranking countries based on the actual number of cryptocurrency owners, India ranks first with 93 million people, China ranks second with 59 million, and the United States ranks third with 52 million.
United Arab Emirates (UAE)
The United Arab Emirates has the highest cryptocurrency ownership rate in the world. According to Henley & Partners’ 2023 Cryptocurrency Wealth Report, the country’s government is considered very crypto-friendly. In the UAE, the Financial Services Regulatory Authority (FSRA-ADGM) is the first agency to formulate rules and regulations regarding the purchase and sale of cryptocurrencies. The UAE is generally very open to new technologies and has proposed zero tax for cryptocurrency owners and businesses.
Vietnam
Cryptocurrencies held in Vietnam are also tax-free, making them an attractive asset, according to the Cryptocurrency Innovation Council. Another reason for Vietnam's high ownership rate may be its large unbanked population (people without access to financial services). Cryptocurrencies can provide an alternative way to access these services without relying on traditional banks.
Summarize
Cryptocurrency ownership is growing rapidly around the world, and the policies and economic environments of different countries have a significant impact on cryptocurrency acceptance and adoption. The United Arab Emirates and Vietnam have become countries with high cryptocurrency ownership rates due to their friendly policies and special economic conditions. The experiences of these countries may provide some reference for other countries and promote the popularity and application of cryptocurrency around the world.
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