The report used eight criteria to determine the crypto-readiness of the most populated cities around the world.
They include quality of life score, crypto-specific events, people working in crypto-related jobs, crypto companies, R&D spend as a percentage of GDP, number of crypto ATMs, capital gains tax rate and ownership of crypto in each country. London came first place as the leading crypto-hub in the world on the list, followed by Dubai and New York City.
While the UK’s capital leads the list as the biggest crypto-hub in the world, the report found that only 11 per cent of people in England own/use crypto, compared to 45 per cent of people in Nigeria, which came in 14th place.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.