12 C
London
HomeCryptoLONDON NAMED WORLD’S MOST CRYPTO-READY CITY

LONDON NAMED WORLD’S MOST CRYPTO-READY CITY

Olivia McHugh
By Olivia McHugh

New research has revealed that London is the world’s leading crypto-hub.

England’s capital ranked highest in the world in the crypto-readiness index, devised by crypto tax software company Recap – closely followed by Dubai.

The index comprises eight criteria, including the number of crypto workers and companies, crypto meet-ups, quality of life score, and R&D spend as a percentage of GDP, in each city.

Along with having the highest number of people working in the crypto industry compared to anywhere else, London hosted the second highest number of crypto-related events and conferences throughout the year, and is home to over 800 crypto-based companies.

This is on track with plans made by Prime Minister Rishi Sunak, who set out in April 2022 to make the UK a ‘global hub for crypto-asset technology and investment’.

Dubai comes in second place as it pushes to become the leading centre for cryptocurrency and blockchain technology in the Middle East, following a year of multiple new laws for crypto exchanges to operate in the city.

With 0% tax, Dubai is an appealing place to live for crypto investors – and may be a better choice for UK residents due to its generous tax regime, as Holborn Assets revealed 200,000 Brits currently reside in the city – with 772 crypto-based companies to choose from when it comes to finding a career in the sector.

New York and Singapore also look like a force to be reckoned with in crypto-readiness, taking third and fourth place respectively.

Known as Switzerland’s crypto capital, Zug has 0% capital gains, and gives its residents the unique opportunity to pay for their taxes in crypto – ranking in sixth.

However, the research also revealed which cities around the world are least prepared to be a crypto-hub, and benefit from the jobs and investment it can bring.

Bottom of the list is the capital of Congo, Brazzaville, which hosts no crypto companies or events, and has one of the highest capital gains tax rates at 40%. Worryingly, all of the 20 least crypto-ready cities are in the world’s least developed countries.

The top 10 crypto-hubs in the world:

  1. London, UK

  2. Dubai, UAE

  3. New York, USA

  4. Singapore

  5. Los Angeles, USA

  6. Zug, Switzerland

  7. Hong Kong

  8. Paris, France

  9. Vancouver, Canada

  10. Bangkok, Thailand

Daniel Howitt, co-founder and CEO at Recap, commented on the research:

“Crypto assets have grown massively over the past few years, and are becoming increasingly interlinked with the regulated financial markets, and the fact that so many cities are embracing it is a positive sign. London being the world’s leading crypto hub is good news for the government’s plans to make the UK a ‘global hub for crypto-asset technology and investment’.

“At the same time, our research shows that the world’s least developed countries are significantly less prepared to become crypto-hubs. Lack of infrastructure, foreign investment, and skilled workforce in the area may explain why some are lagging behind. This could cause barriers to trade with more developed crypto-hubs in future – so it’s important they’re all given the opportunity to get up to speed.

“While London excels in offering crypto events and jobs, as well as attracting crypto companies, the city falls behind when it comes to R&D spend, number of crypto ATMs, and crypto ownership. UK residents also have to deal with complex tax rules, which increase the risk of being liable to interest and penalties – Dubai is simpler, something the UK needs to keep a close eye on if we want to remain number one. Overall, we need to see more investment and focus in these areas as a country in future, for London to continue to lead the race as a global crypto-hub.”

He added:

“Like many countries, the UK is forming new rules and regulations around crypto taxation. Whether this will help or hinder London’s place as a crypto-hub is something to look out for in the future.”

The full report can be found here: https://recap.io/blog/the-rise-of-crypto-hubs-which-cities-are-leading-the-way-in-cryptocurrency

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Previous article
Team expansion continues at Kennedys as they welcome regulatory partner from Clyde & Co
Next article
Burges Salmon selects new Head of Private Wealth Sector

latest articles

explore more

148 COMMENTS

  1. Each listed casino operator reserves the right to alter bonuses terminate and modify the terms and conditions at any given moment, without prior notice. We, at KingCasinoBonus, take responsibility to set bonuses as expired, to not mislead you and to inform you of any changes made by the casino through our reviews. All online platforms offer casino bonuses and special promos to their users, especially upon registration with the first deposit. Few, on the other hand, are giving their players’ money as a no deposit bonus. This welcome bonus variant is very popular, especially among those who want to get to know a gaming portal well before investing their savings. We also recommend big brands like Sky Casino, PokerStars Casino, PartyCasino, and bet365 Casino – although depending on your location, you may not find a no deposit bonus for these casinos.
    http://cateringbasen.dk/two-up-casino-no-deposit-bonus-codes/
    Looking for offers similar to the Mr Green free spins? Why not give Wild West Wins a look. This western-themed casino have 20 free spins available with no deposit required. It’s another offer that is well worth taking up as a player and gives you the chance to try out a newer brand without risking any of your bankroll. Without a long history to review, new online casinos need to be vetted differently. A lack of established reputation doesn’t automatically mean a casino is untrustworthy. We look for proper licensing and verification to ensure player safety, especially concerning money transactions. It’s important for us to know where a casino is licensed and the credibility of that license. Casinos with reputable licensing are the ones we trust and recommend.

  133. In terms of regulation, Crypto are doing everything right, ensuring that they have all the required regulation in place before they offer financial services to customers in each country. Where there have been issues (e.g. with card issuing providers), they have quickly and professionally resolved the issue and have come out stronger. They are taking ownership of services instead of relying on 3rd parties and have gained strong partnerships with Visa and other companies. The Crypto Card is a unique option for cryptocurrency enthusiasts. It’s a prepaid debit card that lets you spend your crypto and earn up to 5% back in crypto rewards. Although this card has quite the list of features, most of those features also require a financial commitment. Discover exactly how it works and find out if you should apply in this Crypto Card review.
    https://source-wiki.win/index.php?title=How_did_you_buy_bitcoin_in
    At all other card tiers, CRO rewards rates will go down with or without an active stake, the companies explain. For some tiers, CRO rewards may decrease to zero: Midnight Blue cardholders will earn 0% instead of 1%, and Ruby Steel and Royal Indigo or Jade Green cardholders will earn 0% if they do not have an active stake (with an active stake, Ruby Steel will earn 1%, and Royal Indigo and Jade Green will earn 2%). Crypto is a leading cryptocurrency platform that provides a wide range of financial products and services, including cryptocurrency wallets, an exchange, and a crypto-powered debit card. The Crypto VISA Debit Card is a physical card that allows you to spend your cryptocurrencies just like you would with a traditional debit card, but with added benefits and features that are tailored for crypto users.

  143. Kostenloser Bilddownloader Mehr zu den 50 Top-Downloads lesen Sie hier. Quick Image Downloader Profitieren Sie von den umfassenden Bearbeitungsfunktionen in der benutzerfreundlichen Oberfläche, die Benutzern von Nikon-Kameras sofort vertraut erscheint. Vom Beschneiden und Ausrichten von Bildern bis hin zu Bearbeitungsfunktionen zur Bildoptimierung – NX Studio enthält alle Werkzeuge, die Sie benötigen. Das schließt das Zuweisen von Korrekturen, das Konfigurieren von Picture-Control-Einstellungen, aber auch das selektive Anpassen von Farben und Belichtung in Teilen des Bildes ein. Bildarchivierung nebst Bildbetrachter und Slide-Show-Viewer Mit der einfach verständlichen ROSSMANN Fotobuch Software könnt ihr aus euren Lieblingsfotos ein Fotobuch offline erstellen. Auch Fotokalender, Wanddekorationen und vieles mehr sind mit der kostenlosen Fotosoftware gestaltbar.
    http://www.muzikspace.com/profiledetails.aspx?profileid=88271
    Speed AutoClicker: Die 5 besten Alternativen Apple Pencil mit dem iPad verbinden: So klappt es schnell und einfach Updated my 10-year old app ‚Autoclick‘ for Apple Silicon & notarization. t.co tkILYPuOTB Gewöhne ich mich schnell an IOS? Hatte noch nie etwas von Apple… Herzlichen Dank Mouse Jiggler, die eine Maus emulieren, melden sich am System als standardisiertes „Human Interface Device“ (HID) an. Alle aktuellen Betriebssysteme haben dafür eingebaute Treiber, man muss also nichts zusätzlich installieren. Weil aber vermeintlich eine zusätzliche Maus angeschlossen ist, können Admins eines fernverwalteten Rechners diese bei aktivierter Geräteerkennung entdecken. Alternativ gibt es mechanische Mausbeweger, auf die man die vorhandene Maus auflegt. Updated my 10-year old app ‚Autoclick‘ for Apple Silicon & notarization. t.co tkILYPuOTB

  144. equilibrando
    Sistemas de equilibrado: fundamental para el desempeño suave y eficiente de las equipos.

    En el ámbito de la innovación actual, donde la efectividad y la fiabilidad del dispositivo son de alta significancia, los aparatos de calibración desempeñan un rol fundamental. Estos equipos adaptados están creados para equilibrar y fijar elementos dinámicas, ya sea en herramientas manufacturera, automóviles de transporte o incluso en electrodomésticos de uso diario.

    Para los expertos en soporte de aparatos y los técnicos, trabajar con equipos de equilibrado es esencial para proteger el funcionamiento estable y fiable de cualquier sistema giratorio. Gracias a estas herramientas modernas sofisticadas, es posible limitar significativamente las vibraciones, el zumbido y la carga sobre los sujeciones, mejorando la duración de componentes importantes.

    También relevante es el función que juegan los aparatos de equilibrado en la soporte al cliente. El ayuda especializado y el reparación continuo aplicando estos sistemas posibilitan proporcionar asistencias de excelente estándar, incrementando la bienestar de los consumidores.

    Para los titulares de emprendimientos, la inversión en sistemas de calibración y detectores puede ser fundamental para mejorar la productividad y productividad de sus aparatos. Esto es especialmente trascendental para los inversores que administran modestas y modestas empresas, donde cada punto importa.

    También, los dispositivos de equilibrado tienen una amplia uso en el sector de la seguridad y el monitoreo de nivel. Habilitan identificar eventuales defectos, reduciendo mantenimientos costosas y daños a los dispositivos. Más aún, los resultados obtenidos de estos sistemas pueden aplicarse para perfeccionar procesos y mejorar la visibilidad en sistemas de consulta.

    Las sectores de aplicación de los dispositivos de balanceo cubren múltiples sectores, desde la fabricación de vehículos de dos ruedas hasta el monitoreo de la naturaleza. No afecta si se refiere de enormes producciones industriales o modestos talleres hogareños, los equipos de calibración son indispensables para garantizar un funcionamiento productivo y sin riesgo de interrupciones.

  145. Impacto mecanico
    Sistemas de calibración: clave para el funcionamiento suave y óptimo de las equipos.

    En el mundo de la tecnología moderna, donde la productividad y la confiabilidad del dispositivo son de máxima importancia, los sistemas de equilibrado desempeñan un función crucial. Estos dispositivos específicos están diseñados para ajustar y fijar elementos móviles, ya sea en herramientas de fábrica, transportes de traslado o incluso en dispositivos caseros.

    Para los profesionales en soporte de equipos y los especialistas, manejar con dispositivos de balanceo es esencial para promover el funcionamiento fluido y fiable de cualquier mecanismo rotativo. Gracias a estas alternativas modernas avanzadas, es posible limitar significativamente las sacudidas, el zumbido y la esfuerzo sobre los soportes, mejorando la vida útil de componentes caros.

    También trascendental es el tarea que desempeñan los equipos de ajuste en la atención al cliente. El ayuda experto y el conservación constante usando estos equipos permiten dar prestaciones de alta excelencia, incrementando la bienestar de los clientes.

    Para los propietarios de emprendimientos, la financiamiento en equipos de equilibrado y dispositivos puede ser clave para mejorar la rendimiento y productividad de sus aparatos. Esto es principalmente importante para los emprendedores que administran reducidas y intermedias empresas, donde cada punto vale.

    Asimismo, los dispositivos de ajuste tienen una vasta implementación en el campo de la seguridad y el monitoreo de calidad. Posibilitan encontrar potenciales fallos, previniendo reparaciones costosas y averías a los aparatos. Además, los indicadores recopilados de estos dispositivos pueden aplicarse para perfeccionar procedimientos y incrementar la reconocimiento en plataformas de exploración.

    Las áreas de aplicación de los dispositivos de equilibrado incluyen múltiples industrias, desde la manufactura de ciclos hasta el supervisión ambiental. No interesa si se refiere de extensas manufacturas manufactureras o limitados talleres de uso personal, los aparatos de balanceo son indispensables para garantizar un operación efectivo y sin presencia de paradas.

  146. US $8.70 Dirty Blonde brow pencil…Best color and formula for my invisible brows. I’ve been searching for years and now finally found an excellent brow product. …One of the best brow pencils. It works well with oily skin. Please ensure that you you have imputed your address correctly. Any orders with an incorrect address will need to be returned to our warehouse prior to resending. You can change the address entered anytime before the order is shipped. When we think of makeup ingredients, products that we apply to our face such as foundation, concealer, and lipstick often come to mind. However, it’s important to note that what you’re putting on your brow hairs, is just as important as what you’re rubbing into your skin. YSL’s brow pencil contains coconut oil, which not only moisturizes your brows, but also allows for a smooth application.
    http://procaferor1974.cavandoragh.org/http-amazon-com-toplash-eyelash-growth-serum-hypoallergenic-dp-b07b6mly79
    There is no difference between pressed and compact powder. It is a semi-solid powder that comes in a compact and provides a matte finish. Only logged in customers who have purchased this product may leave a review. Maybelline-Fit Me Pressed Powder in shade 330 Toffee Caramel | Packaging- Powder Pan New shades formulated for women of color, with 5D Pigment Technology. Looking for the best makeup and beauty products? Find the top recommendations as voted by our Editor and community members here! .css-13rhg2pfor any help, you may call us at 1800-267-4444 New shades formulated for women of color, with 5D Pigment Technology. Your skin has yellow, golden, or olive hues As I mentioned in some of my previous posts I am always on the look out for affordable alternatives of the high-end products and another such attempt was made here. In theory the Fit ME range by Maybelline makes great sense but as usual India Market did not get the full shade-range, which was quite disappointing. Out of the one’s available I was able to try the Shade 330 Toffee Caramel.

  147. When players get a 2, 3 or 12 during a come-out roll, any bets placed on the pass line will lose. Bets on the don’t pass line will win, although the 12 or 2 may be a push depending on the casino’s rules for the craps table. The upside of shooting craps is that you’ll get another shot at rolling the dice. You can email the site owner to let them know you were blocked. Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page. Craps is an exciting and fun table game that attracts the biggest crowds in casinos. Playing craps online offers the same entertainment and chances to win real money without having to travel or push through the crowds. Our experts have found the best online craps games for players to enjoy, and the online casinos with the best welcome bonuses and rewards.
    https://www.tcd.ie/study/country/ghana/
    I haven’t found any other casino with this bonus, but I can add some casinos with no deposit bonus. Thus, Malibu Club casino offers $ € AU$25 FREE no deposit bonus! The Wagering is 35x bonus and maximum cashout is $ € AU$ 150. You may play on Slots, and Parlor Games. Malibu Club is a Rival online casino that has over 140 games at their portfolio. CasinoBonusCA experts deliver a highly curated selection of the best free spins bonuses with no deposit required in 2025. Our team reviews online casinos with free spins bonuses based on a set of measurable quality criteria. Every day that you log in, participating sweeps casinos will top up gold coins and sweeps coins for free. You can then continue playing daily, thanks to the additional coins you receive. Keep in mind that this is at the discretion of the casino. If you think you’ll be logging on every day, make sure to sign up at casinos that offer the daily login bonus.

  148. A seguir, damos algumas dicas importantes para quem deseja aproveitar o Aviator para se divertir em cassinos online. A dica que damos é que você sempre verifique as regras de pontos chaves, como: A dica que damos é que você sempre verifique as regras de pontos chaves, como: Os jogos participantes das missões diárias são o Sweet Bonanza, Golden Tiger, Aviator, Ratinho Sortudo e Touro Sortudo. Além do cash out manual, em que você clica no botão laranja, o Aviator da Betano permite que você programe o cash out automático. Para isso, basta clicar em “auto”. Embora jogar Aviator na Betano possa ser divertido, também é importante ter uma estratégia sólida para garantir o sucesso a longo prazo. Os jogadores podem optar por fazer apostas conservadoras, com menor potencial de recompensas, mas que oferecem mais segurança e menos chances de perda. É fundamental para manter o jogo responsável.
    http://northceasagods1977.raidersfanteamshop.com/tedxmacedo-com-br
    Além de ser uma plataforma com o jogo do Tigre, o site também possui no catálogo jogos divertidos, como o Aviator, Gates of Olympus e o Fortune Dragon. (vii) você não é cônjuge, companheiro(a) e ou parentes em linha direta ou colateral até o segundo grau de indivíduos que tenham ou possam ter acesso aos sistemas computadorizados da modalidade lotérica de apostas de quota fixa. Atenção ao período de inscrição em disciplinas para o primeiro semestre de 2024! O prazo começa no dia 01 02 e se encerra em 16 02 2024. Clique aqui para ser redirecionado ao Aluno Online Além de ser uma plataforma com o jogo do Tigre, o site também possui no catálogo jogos divertidos, como o Aviator, Gates of Olympus e o Fortune Dragon. Além de ser uma plataforma com o jogo do Tigre, o site também possui no catálogo jogos divertidos, como o Aviator, Gates of Olympus e o Fortune Dragon.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

LawNews.co.uk provides the latest legal news and analysis from around the world

most viewed

useful links

Copyright © 2022 LawNews.co.uk