Germany is the most cryptocurrency-friendly country in the world

Portugal: The Big Gap

It is worth noting that Portugal, one of the most cryptocurrency-friendly countries in Europe, was not included in Coincub's top 10.

The Iberian country's government does not tax digital asset transactions because it considers bitcoin and cryptocurrency as currencies rather than assets. As a result, many Ukrainian refugees have fled to Portugal from their country.

This year, one of the country's largest electricity providers, Luzboa, accepted bitcoin as a payment mechanism, and last week, Madeira, the island's regulator, unveiled a similar plan.