A new report compares the main global hubs for digital assets and their regulatory strategies in the sector.
According to a recent study by Social Capital Markets, Dubai, Switzerland, and South Korea have established themselves as prominent hubs in the digital asset industry thanks to their clear and cutting-edge regulations. The three countries occupy the top positions in the global list for adoption and attraction of companies operating in the digital asset sector.
Dubai leads the ranking
Dubai has conquered the first position with a score of 79 out of 100. The city has created a regulatory environment favorable to the development of blockchain projects and cryptocurrency-related activities. Key initiatives include the Dubai Multi Commodities Centre (DMCC), which serves as a strategic hub for blockchain technologies and companies entering the sector. Regulatory authorities such as the Virtual Asset Regulatory Authority (VARA) and the Dubai Financial Services Authority (DFSA) play an important role in market supervision, providing a clear regulatory framework.
Switzerland: strategic hub for companies
Switzerland ranks second with over 900 companies involved in cryptocurrencies and a score of about 75. The country offers a transparent regulatory landscape through the Swiss Financial Market Supervisory Authority (FINMA), which establishes rules for market operators. Its tax policies, including a 7.8% tax on long-term capital gains and corporate tax rates between 12% and 21%, make Switzerland very attractive for crypto businesses. Currently, over 400 companies accept cryptocurrency payments in the country.
South Korea: proactive regulation
South Korea occupies the third place thanks to its proactive approach in developing regulations for the crypto industry. The South Korean government has postponed taxation on individual cryptocurrency profits. However, companies are subject to taxation on business profits derived from cryptocurrency use. With over 376 active companies, South Korea remains a key player in the digital asset sector.
Other favorable nations
In addition to the countries occupying the top three positions, others like Singapore, United States, and Portugal are attracting attention for their openness towards cryptocurrencies. Singapore, with a score of 72, has established an $8.9 million fund to support digital asset-related businesses. In the United States, about 6,000 companies accept payments in bitcoin and ether, while Portugal is gaining ground with favorable tax policies and an increase in digital asset adoption by local companies.
