UAE recently just got ranked among the
top five crypto destinations which consist of the following:
singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.
would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?
What we are seeing now was not there in the past so we can expect something like this to definitely happen in the future. Since currently developing countries have taken their place among the crypto destinations in terms of ranking, and seeing these countries, more countries will definitely be interested. I believe that in the future, other countries may be involved with Bitcoin, we can already see that different countries are creating Bitcoin reserves to improve their financial position. In that case, if an African country accepts Bitcoin, then they will definitely be able to improve financially and they will be in the ranking. Currently, most countries have not yet legalized Bitcoin and they may very soon. As the demand for Bitcoin increases, its popularity will increase and different countries will legalize it.