Recap research finds crypto tax software companies , London has become the world’s leading hub for cryptocurrencies. Researchers analyzed eight indicators, including the number of cryptocurrency businesses and the number of cryptocurrency ATMs in each country.
Key Findings of Recap’s Study on Global Cryptocurrency Hub
Recap, a crypto asset tax company, will release research report on January 25, 2023 We released, highlighting the top global cryptocurrencies. London has been voted the ‘most crypto-friendly city’. Cryptocurrency used from 8 factors, includingnumber of companies and employees, R&D spending compared to GDP of each city, number of cryptocurrency ATMs, cryptocurrency ownership, and capital gains tax rate. Summarize your criteria.
London employs the most people in the cryptocurrency industry compared to other parts of the world, according to Recap report details. The city is home to her 800+ cryptocurrency-based businesses and will host her second-most cryptocurrency-related events and conferences in 2022. London’s lead is in line with British Rishi’s Snack Prime Minister’s goal of establishing Britain as Britain, according to reports. Global hub for cryptocurrency technology and investment.
After London, Dubai, the most populous city in the United Arab Emirates, is the second largest cryptocurrency hub. Dubai’s appeal as a destination for cryptocurrency investors is due to its 0% tax rate, according to a Recap study. According to the survey, there are 772 cryptocurrency-based companies in Dubai. New York is her third largest hub, with 843 companies specializing in cryptocurrencies and blockchain technology. The American city is also home to some of the largest investments in cryptocurrency research and development.
“Crypto assets have grown significantly over the past few years and are becoming increasingly interconnected with regulated financial markets. The fact that so many cities are embracing it is a positive sign,” – the founder and CEO of Recap comments on the latest research. “London’s position as the world’s leading crypto hub is good news for the government’s plan to make the UK a ‘global hub for crypto technology and investment.'”
London, Dubai and New York follow. , Singapore, Los Angeles, Zug, Hong Kong, Paris, Vancouver, Bangkok. “Hong Kong, Paris, Vancouver and Bangkok are in the top 10 due to their low capital gains tax, high number of crypto ATMs and high number of people working in the crypto space,” Recap researchers said. I’m here. “Interestingly, San Salvador, El Salvador, with only 10 people working in crypto-based jobs, came 41st in the table, but is the only place where Bitcoin is considered legal tender. Store prices are also quoted in Bitcoin (BTC), so residents can use them like currency,” the study researchers added.
Recap’s full research report can be found here.
London is world’s leading crypto hub What do you think is the reason for this? Do you think this trend will continue? Let us know what you think about this in the comments section below.
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