REPORT: The đșđžUS dominates with 40% of global crypto taxes and 27% of all crypto realised gains last year.
But that's not all the story. Europe follows with 30% ($1.5B) through a mix of high taxes and long-term holding incentives. Read the full report, link in first comment
Hold onto your hats because Coincubâs Global Web3 Index 2024 powered by @BYDFI just dropped some BOMBSHELL revelations! đđŁ Did you know that @TĂŒrkiye is absolutely CRUSHING it in the Web3 space?
With 4% of GDP contribution from #crypto payments and second globally in user adoption, TĂŒrkiye is a Web3 leader and a recognized top 10 in the index!
So, Binance community, what are you waiting for? Dive into the full report and see where your country stands in this epic race for Web3 dominance! Letâs get this discussion EXPLOSIVE! đ„đŹ
đ Read the Full Report Here https://coincub.com/ranking/the-global-web3-index-2024/
Special shoutout to our blockchain pioneers and innovators: @banxe , @blockpit, and the unstoppable @Coincub Team. Keep pushing the boundaries of whatâs possible! đȘđ
Forget 'Crypto-Friendly' banks that allow you to use your credit card and buy Bitcoin on your exchange. That is, until they change their minds and stop blocking your transfers.
Our research for the updated Crypto Banking Report 2024 was quite comprehensive. We delved into which banks truly have a stake in the crypto game, and the results were fascinating.
Here's the scoop. If you want to open a bank account for your crypto, you should probably check these guys.
đCoincub's Top 10 Crypto Banks in 2024 offering Crypto Services. 1) Amina Bank đšđSwitzerland 2) Kraken Financial đșđžUSA 3) Bankprov đșđžUSA 4) Sygnum Bank đšđSwitzerland 5) Bank Frick đ±đźLiechtenstein 6) Revolut Business đŹđ§UK 7) Xapo Bank đŹđź Gibraltar 8) BCB Group đŹđ§UK 9) Swissquote đšđSwitzerland 10) Bakkt đșđžUSA
đĄ Despite regulatory challenges, the market is evolving with new players and shifting consumer trends.
đ North America and Europe show high per capita visits, while Asia & Pacific dominate in overall traffic.
âïž Increased regulatory scrutiny, particularly from the SEC, is reshaping the industry. â đź 2024 and beyond: Watch for market fragmentation, new regulatory challenges, and evolving consumer behavior! Dive deeper into the full Crypto Exchanges Traffic Report 2023 for more detailed insights and comprehensive analysis! Check it out here:Â https://coincub.com/ranking/crypto-exchanges-report-2023/
Where would you pay the least tax on your bitcoin gains from last year?
Where would you pay the least tax on your bitcoin gains from last year?
Bitcoinâs 2023 rise: $10K gain per coin. Many countries, including unexpected ones like Germany, Portugal, offer 0% tax on holdings
In mid-June 2022 the price of bitcoin stood at $18,948 and in June 2023 it reached $28,951, making a gain of about $10,000 on just one bitcoin. A basket of ten bitcoins purchased in June 2022 would have realized a price gain of more than $100,000 in just twelve months. So how would you get to
Asia Surpasses North America in Crypto-Friendly Banks, EU Leads World
đ» In the US đșđž , the demise of Silvergate, Signature, and Silicon Valley Bank sent shockwaves through the financial world.
đ» In the UK đŹđ§ crypto startups are facing challenges in securing banking services, leading many to turn to the EU for options.
đ„ Europe đȘđș leads the way in providing crypto-friendly banking solutions, with over 120 banks across the continent offering services to individuals, companies, and crypto businesses.
USA Rises to the Top: New Report Names America the World's Leading Crypto Economy
Singapore and Hong Kong Make Their Mark.
The crypto world was rocked last year by the sudden collapse of major player FTX, serving as a wake-up call for governments around the world. This has highlighted the need for more comprehensive and effective regulation in the crypto industry, a pressing concern that has taken centre stage in the wake of the collapse.
A recent report by Coincub, the leading provider of bespoke information and analysis on the crypto economy, has just released its latest
Germany has topped Q3 2022 Global Crypto Ranking, leaves US behind
Top crypto-curious nations for Q3 2022
Top countries for crypto activity in Q3 2022
Top five countries with cryptocurrency ban
Top crypto-hoarding populationsÂ
Top crypto ATMs nations worldwide
Germany ranks first again in the Q3 2022 Global Crypto Ranking. US drops, Switzerland goes up to second place.
Still highlighting Germany's top place is its tax and savings policy towards long-term crypto investment, which involves some of the country's largest and most respected financial instituti
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