Dubai, Switzerland and South Korea have been identified as prime destinations for crypto business in 2024. According to a Social Capital Markets report, these countries rank high in providing legal clarity. They also impose favorable capital gains and corporate tax rates. Further, these countries host a significant number of registered crypto firms. They also have widespread acceptance of cryptocurrency payments.
Dubai has established itself as a leading hub for cryptocurrency and blockchain ventures by adopting a forward-thinking regulatory framework and favorable tax policies.
Dubai secured the highest spot with a score of 79, excelling in regulatory clarity, absence of capital gains tax, a favorable 9% corporate tax and affordable licensing fees.
Dubai’s Forward-Thinking Crypto Policies Earn It Top Position in Global Rankings