Lagos, London, New York Others Rank Top in Crypto-Readiness Cities

A research conducted by a famous research company, ‘Recap’ has ranked London, Dubai and New York as the world’s most crypto-ready cities for businesses and startups.

The annual research highlights pro-crypto regulation, mainstream adoption, supporting infrastructure and general public access as some of the important indicators of the research. 

While London, Dubai and New York occupy the first to third positions respectively, other cities which feature on the list include Singapore in the fourth position, Los Angeles in the fifth position, Zug in the sixth position, Hong Kong, Paris, Vancouver and Bangkok in the seventh, eighth, ninth and tenth positions respectively. 

Investors King understands that some key factors considered in the study include the total number of crypto-specific events, crypto-related jobs, crypto-specific companies and the number of crypto ATMs while non-crypto considerations include quality of life, capital gains tax rate as well as research and development spending. P

Interestingly, London is ranked as home to the most people working in crypto-related jobs which signifies high interest among the general public in the crypto ecosystem. 

It could be recalled that the Bank of England and His Majesty’s Treasury highlighted the need to launch a central bank digital currency by 2030.  A position which is likely going to aid the adoption of digital assets.

A closer look at the lists shows that Lagos, the economic capital of Nigeria is the only African city that featured in the top 20. Lagos which was ranked 14th scored very high in the number of people working in crypto-related jobs and ownership of cryptocurrency. Aside from Lagos, the city of Ibadan also featured on the list as the 24th country in the world and second in Africa. 

Below is the List of the Top 20 Crypto Hub Cities in 2022

London

Dubai

New York

Singapore

Los Angeles

Zug

Hong Kong

Paris Vancouver

Bangkok

Chicago

Berlin

Sapporo

Lagos 

Lisbon

Kuwait City

Tehran

Sydney

Osaka

Kuala Lumpur