In a recent report published by CoinCub, the UAE ranked 4 th in the third quarter of 2022 as the most favourable crypto economy globally. Germany ranked 1 st place, followed by Switzerland at 2 nd place, then Australia in 3 rd . USA ranked 7 th globally. The crypto economy rankings compiled by Coincub looked into various factors such as favorable crypto outlook, clear crypto tax rules, more transparent regulatory communications and more to rank countries. As per the report, Germany although not a tax haven, is considered one of the strongest all-around ‘traditional-tax’ crypto economies that reward long-term crypto holders. German law charges zero tax on crypto holdings of over a year. Switzerland ranked second with its positive crypto regulatory stance and is home to some of the top crypto organizations in the world. Australia has shown a great appetite for crypto and the government has been equally supportive of it over the past year, pushing positive crypto l...