According to the study, London crowned the world's leading cryptocurrency center -
According to the study, London crowned the world's leading cryptocurrency center -
Important results of the recap study on global cryptocurrency hubs
The crypto tax company Recap published A Research report on January 25th 2023, in which the most important global cryptocurrency centers were highlighted, with London being chosen the "most crypted city". Summarize the criteria used from eight elements, including the number of cryptocurrency companies, research and development expenses compared to the BIP of every city, the number of cryptocurrency automatons, possession of crypto drives and The tax rates for capital profits.
The report from Recap describes that London employs most people in the cryptocurrency industry compared to other global regions. The city is the home of over 800 companies based on cryptocurrencies and in 2022 organized the second highest number of events and conferences in connection with cryptocurrencies. The report states that London's leadership matches the British Prime Minister 
"Crypto assets have grown massively in recent years and are increasingly linked to the regulated financial markets, and the fact that so many cities accept this is a positive sign," said Daniel Howitt, co-founder and CEO of Recap, commented on the latest study. "London, being the world's leading crypto center, is good news for the government's plans to make Great Britain a" global center for crypto-asset technology and investments "."
on London, Dubai and New York follow Singapore, Los Angeles, Zug, Hong Kong, Paris, Vancouver and Bangkok. "Hong Kong, Paris, Vancouver and Bangkok complete the top ten due to the low capital gains tax, the high volume of crypto monetary machines and the number of people in the crypto sector," the researchers from Recap stated. "Interestingly, San Salvador in El Salvador took 41st place in the table with only ten people who work in crypto -based jobs - but it is the only place where Bitcoin is considered a legal means of payment. Inhabitants can spend as currency, since the shop prices are also given bitcoin (btc) ", add the researchers to the study.
You can fully view the Recap's research report here .
What do London do in your opinion as a leading worldwide center for cryptocurrencies and do you believe that this trend will continue in the future? Share your thoughts on this topic in the comment area below.
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