London ranks as the city best prepared for crypto adoption

The analysis of a data set shows that London could be the city with the best scenario for crypto companies

The capital of England, London, is emerging among the cities best prepared for strengthening and launching cryptographic companies, according to recently analyzed data.

The aspects analyzed to reach this conclusion include “eight key indicators on taxes, ATMs, jobs and events related to cryptocurrencies”.

Added to this is Prime Minister Rishi Sunak’s favorable position on strengthening the financial sector in the United Kingdom, leveraged on new technologies.

According to the analysis of the cryptocurrency market carried out by the company Recap, London is in first place as the city best prepared for adoption. Dubai, New York, Singapore and Los Angeles follow to complete the top 5.

In another list also prepared by Recap for 2022, with the 50 most suitable cities for the crypto market, London also appears in first place.

Undoubtedly, the capital of the United Kingdom brings together key aspects considered for the cryptocurrency boom, such as events related to this market, a high number of jobs in the area, the increase in the number of crypto ATMs, as well as the favorable position of the Bank of England and Her Majesty’s Treasury regarding the need for a central bank digital currency, CBDC, by 2030.


Source: cointelegraph

(Reference image source: Tetiana Shyshkina, Usnplash)

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