A study by the Crypto Finance Conference has been issued that states the most ‘favourable’ countries for launching an initial coin offering (ICO). The top three positions went to the U.S, Switzerland, and Singapore.
The nature of the report was such, that publicly available data about the top 100 ICOs was analyzed by country, these were sorted in accordance with the money they raised and how many projects were launched. The U.S. currently holds first place and the title of ‘most favorable country’ to launch ICOs with an inspiring amount of 30 companies that were successfully started, then comes Switzerland with 15 and rounding up the trio is Singapore with 11.
A little behind the top three came Russia, the UK, China, the Cayman Islands and Estonia as countries with a good ecology for funding crypto projects.