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Hong Kong named world's most crypto-ready jurisdiction

Hong Kong has been identified as the most crypto-ready jurisdiction in the world, with the highest number of blockchain startups per 100,000 people and a significant number of crypto ATMs relative to its population, according to a study by Forex Suggest. The city is also attractive to investors as it does not tax capital gains on crypto.

The US and Switzerland were ranked second and third respectively in terms of crypto-readiness. Hong Kong has recently introduced new rules for the digital assets industry, which will come into effect on 1 June, to attract more investments from digital assets companies and become a global hub for digital assets.

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