Cryptocurrency’s meteoric rise has the world torn between its potential and its speculative bubble. Many individuals celebrate cryptocurrency as the future of money, while others find it to be a passing trend. Some believe they can DIY wealth building on the blockchain, while others trust crypto asset management in the UK and other countries more.
This debate will rage on for some time, but even governments are starting to realize that cryptocurrency is here to stay. In fact, some countries are even beginning to experiment with crypto as a way to boost their economies, offer more financial inclusion to their citizens, and attract foreign investment.
So which countries are leading the charge when it comes to cryptocurrency? Here are the top 5 countries to watch in 2022:
1. Switzerland
Switzerland has long been considered a haven for those looking to store their wealth safely. So it’s no surprise that the country is now becoming a hub for cryptocurrency activity.
In fact, Switzerland’s “Crypto Valley” is home to some of the world’s largest and most successful cryptocurrency and blockchain companies, including Ethereum, Xapo, and Shapeshift.
What’s more, the Swiss government is now looking into ways to make cryptocurrency a more integral part of the country’s economy. One proposal is to create a national digital currency, which would be backed by the Swiss franc.
2. USA
The United States is one of the largest markets for cryptocurrency, with over 25% of all Bitcoin transactions taking place in USD.
What’s more, the country is home to some of the most innovative and successful digital asset management companies in the space, including Coinbase, Circle, and Gemini.
The US government is also starting to take cryptocurrency seriously, with the SEC recently approving a Bitcoin exchange-traded fund (ETF). This could pave the way for even more mainstream adoption of crypto in the years to come.
3. UK
The United Kingdom has been relatively slow to embrace cryptocurrency, but that is starting to change. In 2019, the UK’s Financial Conduct Authority (FCA) released guidelines for businesses dealing with cryptoassets.
This was a major step forward for the industry and helped to legitimize crypto asset management in the UK and in the eyes of regulators. The UK is also home to a number of successful cryptocurrency companies, including eToro and BlockFi.
4. Australia
Australia has been a pioneer in the world of cryptocurrency regulation. In 2017, the country’s Senate released a report that recognized Bitcoin as a legitimate form of currency.
Since then, the Australian government has been working on ways to make it easier for businesses to deal with cryptocurrencies. In 2019, the country’s tax agency began accepting Bitcoin as a form of payment.
5.Nigeria
Nigeria is one of the world’s fastest-growing markets for cryptocurrency. The country has a young and tech-savvy population that is eager to adopt new technologies. What’s more, Nigeria’s economy is in dire need of a boost. The country is plagued by high inflation and currency devaluation, making cryptocurrency an attractive option for many Nigerians.
Harness the Potential of Crypto to Secure Your Future
Finally, the best thing about cryptocurrency is that you don’t need a government’s level of resources just to get started.
You can start right now, with whatever you have. At Key Coin Assets, we specialize in helping people like you find and invest in the best ICOs, coins, digital marketing for blockchain, and other crypto assets to secure your financial future.
For the risk-averse, our UK crypto asset management experts have also designed an investment tool that guarantees 40% ROI in 12 months
To learn more, schedule a free consultation with Key Coin Assets today!