UAE Emerges as the Most Crypto-Friendly Country Ahead of Bitcoin ATM Giants

According to a recent study by Atmos, the United Arab Emirates (UAE) stands out as the most crypto-friendly nation in the world, achieving an impressive score of 98.4. Trailing closely behind is Singapore with a score of 97.5, while the United States holds third place at 85.4 points. This notable ranking for the UAE is particularly remarkable given its limited infrastructure for cryptocurrency, including only one Bitcoin ATM, in stark contrast to the United States’ substantial presence of 29,834 machines.

The UAE’s commendable cryptocurrency ownership rate of 25.3% and an impressive adoption rate of 210% have contributed significantly to its leadership position. Meanwhile, Canada boasts the second-highest number of Bitcoin ATMs globally at 3,561 but ranks fourth overall with a score of 72. This lower ranking can be attributed to its 10.1% ownership and 225% adoption rate.

Turkey, grappling with economic challenges, ranks third in ownership at 19.3% while scoring 67.8 due to its low adoption rate and a mere 7 Bitcoin ATMs. In seventh place, Switzerland reflects a mature market with an ownership rate of 11.5% but a modest adoption rate of 90%, resulting in a score of 58.1.