INSUBCONTINENT EXCLUSIVE:
Forex Suggest ranks Panama ninth among countries ready for crypto use in 2023
The study focuses on key factors like public interest, legal status, and industry numbers.It also looks at Bitcoin ATMs, tax burdens, and
favorable laws.Scoring 5.83 out of 10, Panama shines in the top 20 list
A high number of Bitcoin ATMs in the country boosts its rank.In fact, Coin ATM Radar confirms the presence of about 29 ATMs, mainly in the
This makes Panama unique as the only Latin American nation on the list.Furthermore, the country houses various blockchain companies and
features an active crypto community.Panama Gears Up for Widespread Cryptocurrency Adoption
(Photo Internet reproduction)Meanwhile, Hong Kong leads the chart with a score of 8.36
Traders there enjoy zero tax on crypto, making it a hotspot for activity.Switzerland and the United States also score high but for
Switzerland stands out for its many crypto firms and engaged locals.Although the United States faces regulatory challenges, it still boasts
America.This contrasts with the regulatory hurdles crypto faces in other countries
Interestingly, the high number of ATMs could signify readiness for retail crypto transactions.This implies not just industry adoption but
Although ninth in the list, its score is barely above the halfway mark.This leaves room for improvement, especially in areas like favorable
laws and tax burdens.Global leaders like Hong Kong and Switzerland offer lessons
