Singapore Tops List of Crypto-Friendly Investment Migration Destinations Singapore has emerged
as the most preferred destination for crypto millionaires seeking secure and tax-friendly havens to protect their digital assets, according to the recently released
Crypto Adoption Index by Henley & Partners.
With a perfect score
of 10 out of 10 in the tax-friendliness parameter, both
Singapore and the United Arab Emirates (UAE) have garnered recognition
for their progressive stance on taxing cryptocurrency-related activities.
According to the
Crypto Wealth Report, compiled by Henley & Partners
, there are approximately 88,200 crypto millionaires worldwide, with nearly half of them, about 40,500 individuals, holding their fortunes primarily in Bitcoin.
The report estimates that a staggering
425 million people globally own some form of cryptocurrencies.
As the cryptocurrency space continues
to gain momentum, traders, miners, investors, and entrepreneurs are increasingly exploring investment migration strategies t
o protect their interests.