13 Mar Top Cities Ready for cryptocurrency market
According to Cointelegraph, eight significant data points were examined, and it was found that London has the highest level of crypto preparedness to attract firms and start-ups.
A supporting infrastructure that can give the general public access to and exposure to the ecosystem is necessary for the mainstream acceptance of cryptocurrencies, in addition to crypto-friendly policies. London tops the list of the world’s most crypto-ready cities for enterprises and start-ups when eight critical variables related to taxation, ATMs, jobs, and events in the space are considered.
Recap’s analysis demonstrates that Prime Minister Rishi Sunak’s goal of “ensuring the U.K. financial services business is constantly at the forefront of technology and innovation” is on the correct track. Eight significant data points were examined, and it was found that London has the highest level of crypto-readiness to attract firms and start-ups.
Research conducted by Recap demonstrates that Prime Minister Rishi Sunak’s goal of “ensuring the U.K. financial services business is constantly at the forefront of technology and innovation” is on the correct track. Eight important data factors were examined, and the results showed that London has the highest level of readiness for cryptocurrencies to attract enterprises and start-ups.
Leading metropolises like Dubai and New York made it to the list’s top three, as can be seen above. However, Hong Kong, which was ranked as the nation most prepared for cryptocurrency in 2022, dropped to sixth in the study.
The top 50 big cities with infrastructure ready for widespread cryptocurrency adoption are listed below:
The overall number of crypto-specific events, occupations related to crypto, organizations focused on crypto, and the number of crypto ATMs are some of the important variables taken into account in the study. Life quality, the proportion of GDP spent on research and development, and the capital gains tax rate are a few non-crypto factors to take into account.
London has the highest concentration of residents employed in crypto-related fields of all the cities, a sign of greater public interest in the crypto ecosystem. But other cities outperform London in several criteria, supporting the argument for the widespread use of cryptocurrencies.