Singapore ranks 9th most crypto-friendly country in the world

It costs $107,415 to mine one bitcoin in Singapore.

Singapore ranked 9th amongst the world’s most crypto-friendly countries, with a score of 67.47 out of 100.

In Singapore, 11.1% of the population holds crypto assets despite the 61.3% gap in the cost and profit of mining one bitcoin.

Despite the $107,415 cost of mining one bitcoin, earnings amount to only $41,507.

Singapore also recorded the highest search volume, with 1,750.2 searches per 100,000.

Argentina topped the list with a score of 74.49, followed by the United States (73.52), Columbia 72.89), Ukraine (72.77), and UAE (70.76).