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According to research conducted by ApeX Protocol, Singapore has emerged as the strongest country globally in the field of blockchain technology. The study ranked countries based on criteria such as blockchain patents, related jobs, and established cryptocurrency exchanges. Singapore topped the list with an impressive score of 85.4.
Singapore’s Success: Patents, Employment, and Exchanges
In the research, Singapore stood out with 1,600 blockchain patents, 2,433 related sector jobs, and 81 cryptocurrency exchanges. These figures are quite remarkable for a country with a population of nearly 6 million. Experts believe that Singapore’s strong financial infrastructure played a significant role in achieving this success.
Hong Kong follows in second place with a score of 82.7. Its robust financial infrastructure facilitates the integration of blockchain technology and fosters the development of exchanges.
The United States Strengthens Its Position in the Cryptocurrency Market
According to the research findings, the United States remains an important hub for blockchain technology. The country boasts 32,000 blockchain patents, over 17,000 jobs, and 166 cryptocurrency exchanges. However, the U.S. cryptocurrency sector faces challenges due to government regulations, particularly under the regulatory measure known as “Operation Chokepoint 2.0.”
Arkansas Representative French Hill believes that the cryptocurrency sector will recover under the presidency of the re-elected Donald Trump. Hill noted that Trump will take significant steps regarding cryptocurrency regulations within the first 100 days of his administration. Additionally, Trump has appointed former PayPal executive David Sacks as a White House advisor on cryptocurrency and artificial intelligence.
