Hong Kong ranks second most crypto-friendly country, leading in economic stability: report

Hong Kong ranked first in one of six parameters in the index.

Hong Kong ranks second in the Henley Crypto Adoption Index 2024, with its growing crypto industry driven by strong public interest, high business acceptance in finance and tech, and advanced digital infrastructure, facilitating crypto use and investment.

Hong Kong scored 42.1 out of 60, just behind Singapore, which took the top spot with 45.7. Following closely are the UAE (41.8), the U.S. (41.7), and the U.K. (36.1).

Hong Kong also ranked first in one of six parameters in the index, economic factors, scoring 9.8.

Meanwhile, Hong Kong ranked third in public adoption (5.2) and infrastructure adoption (6.4), fourth in tax-friendliness (9.0), and sixth in innovation and technology (5.8).

For the regulatory environment parameter, the city-state ranked ninth with a score of 5.9.

The Henley Crypto Adoption Index 2024 assessed 23 countries using over 670 data points across six main parameters, comprising 16 sub-parameters and 24 indicators.