With each country around the world having a different stance toward crypto, including different laws, levels of clarity, requirements, permissions, and more, it matters very much where people start their crypto business. The location might be just as important, or even more so, than the type of business, its services, and similar aspects.
With that said, Dubai, Switzerland, and South Korea have been identified as prime destinations for crypto companies in 2024.
Top-Ranking Locations For Crypto Businesses In 2024
The three locations were crowned as best by a recent report issued by Social Capital Markets. The report assessed that they rank high in legal clarity and that they impose favorable corporate and capital gains tax rates. On top of that, these locations also have a significant number of registered crypto companies and have widespread acceptance of crypto payments.
With each of these factors having a maximum score of 20, totaling 100, the report identified the top 10 crypto-friendly locations, with these three taking the top spots.
The highest score went to Dubai, which achieved a total score of 79 thanks to excellent regulatory clarity, the absence of capital gains tax, a favorable 9% corporate tax, and affordable licensing fees.
Dubai was followed by Switzerland, which scored 74.5. Switzerland has over 900 registered crypto firms, and its capital gains tax is only 7.8% for long-term investors. The third spot went to South Korea, with only a slightly lower score of 73.5, which plays a massive role in shaping the global crypto landscape.
Apart from these three, the other top-ranking countries include Singapore (72), the USA (71), Brazil (66.5), Germany (66.5), Malta (59.5), and Portugal (51.5).
However, when it comes to individuals, they can benefit from cryptocurrencies regardless of the country they live in, thanks to the industry’s borderless nature. Cryptos allow users to benefit in multiple ways, too, not only from investing in them before their prices go up, but also by engaging in activities such as staking, which provide the user with passive income. And, when it comes to staking, the hottest project right now is actually a new meme coin called Crypto All-Stars (STARS).
INVEST IN STARS AND START STAKING TODAY
What Makes Crypto All-Stars Stand Out?
Crypto All-Stars is a new meme coin that stands to revolutionize staking thanks to its unique new product called MemeVault. This is a new type of smart contract designed to allow users to stake multiple cryptocurrencies.
Regular staking smart contracts only allow the user to stake the native token of the crypto project that created the contract. MemeVault, on the other hand, allows you to stake both Crypto All-Stars’ STARS token, as well as any other major meme coin.
So, if you are someone with a large meme coin portfolio, you can easily stake most of your coins in a single location. The contract already supports Dogecoin, Mog, Milady, Brett, Pepe, FLoki, Turbo, and many more.
This product stands to connect the meme coin sector closer together, and it gives STARS a unique use case, while the entire project has positioned itself at the center of meme coin staking.
BUY STARS WHILE ITS PRICE IS LOW
The only requirement for staking all of your meme coins is to own some STARS first, which can be bought right now during its ICO, while its price is still low. Right now, STARS sells for only $0.0014887, and its ICO already raised over $2.11 million, so there is a high chance of its price blowing up after launch. Buy now while the price is low, and benefit not only from passive income from staking but also from the upcoming rally.
