According to a report published by researchers from Morgan Stanley, Malta, Belize, Seychelles, the United States and South Korea are the main countries that share the volume of cryptocurrency transactions. Malta is the first country in the world in terms of the volume of cryptocurrency transactions.
But there is a contradiction between the volume of trade and the countries that host cryptocurrency exchanges. England, Hong Kong, the US, Singapore and Turkey are the countries with the most cryptocurrency exchanges. Malta and Belize are respectively the 22nd and 24th countries in the number of companies specializing in virtual currencies. But in fact, Malta has stock exchanges that handle a very high volume. Thus, Binance has moved from Hong Kong to Malta and OKEx, which is the largest cryptocurrency exchange, is in Belize.
England, which has many cryptocurrency exchanges, only manages 1% of the volume of all exchanges. And this contradiction can be explained by the regulations. This is not a question of laxity, but regulations must be adapted to local exchanges. That is, what a country is doing right now and what it plans for the future on cryptocurrency regulation.
Malta is currently surfing on a wave, as its government has recently announced that it wants to invest in cryptocurrencies and it will not put a spoke in the wheels of investors. For a sector as recent as virtual currencies, this type of declaration makes it a dream country to invest in cryptocurrency over the long term.