Singapore has become the leading destination for crypto millionaires looking to protect their digital fortunes, according to the Crypto Adoption Index by Henley & Partners.
With a perfect 10/10 score for crypto-tax friendliness, Singapore and UAE are recognized for progressive taxation. An estimated 40,500 individuals worldwide hold crypto wealth over $1 million, predominantly in Bitcoin.
As crypto grows, traders and investors increasingly explore investment migration to safeguard assets. Singapore leads for crypto millionaires seeking refuge from potential bans or aggressive policies targeting digital holdings in home countries.
There are 182 crypto centi-millionaires ($100M+ holdings) globally, says Henley’s report. Six have become billionaires from crypto gains. Overall, 425 million people own some cryptocurrency worldwide.
Singapore scored 50.2 out of 60 for an appeal to crypto millionaires. Switzerland, UAE, Hong Kong, Australia, UK, Canada, Malta, and Malaysia round out the top destinations.
Investment migration programs offer crypto investors residence or citizenship rights in exchange for substantial investment in countries. This provides an avenue for securing crypto fortunes.
With progressive tax policies and a crypto-friendly stance, Singapore emerges as the top jurisdiction for crypto millionaires concerned over asset protection. Its outreach to digital asset companies cements its standing as a safe haven.
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