The ranking of the best countries and regions for cryptocurrency business in 2024 has been released, with Dubai taking the top spot

ChainCatcher news, according to Social Capital Markets, the ranking of the top countries and regions for cryptocurrency business in 2024 has been released. The top ten are: Dubai, Switzerland, South Korea, Singapore, the United States, Estonia, Italy, Russia, Germany, and Brazil.

It is reported that Dubai scored highest in regulatory clarity, no capital gains tax, favorable corporate tax (9%), and affordable licensing fees, making it the number one cryptocurrency destination.