ApeX Protocol dropped some numbers that show Singapore has become the crypto capital of the world. About 24.4% of people there now own digital currencies, which is nuts when you consider that was only 11% twelve months ago. That’s basically doubling in a single year.
But here’s what really caught my attention – Singaporeans are absolutely obsessed with researching crypto. They’re doing around 2,000 crypto searches per 100,000 people, which blows every other country out of the water. When people are spending that much time looking stuff up, it usually means they’re serious about actually using it, not just gambling.
The UAE grabbed second place with 25.3% ownership, and their growth has been insane too – over 210% in just a few years. Dubai especially has been throwing money at becoming a crypto hotspot, setting up regulatory bodies and basically begging crypto companies to move there. Smart move considering how much business they’re attracting.
Both places figured out something important that a lot of other countries missed. Instead of either banning crypto completely or letting it run wild with no rules, they created actual frameworks that make sense. Singapore’s monetary authority set up proper licensing while still protecting consumers. Dubai did something similar with their Virtual Assets Regulatory Authority .
The US managed third place despite having more than 30,000 crypto ATMs scattered around the country. Canada and Turkey filled out the top five spots, showing crypto isn’t just an Asian thing anymore.
Conclusion
Singapore and Dubai prove balanced regulation fuels massive crypto adoption, with the US, Canada, and Turkey close behind. Clear frameworks attract users and businesses, turning these regions into global crypto powerhouses rather than risky experiments.
Also Read: Revolutionizing Investing