Dubai is world’s second most crypto-ready city in 2023

Dubai is the most crypto-ready city in the Middle East

According to a report by Recap, a specialist in cryptocurrency asset management, Ubai is the second most ready for cryptography city in the world.

Dubai was second only to London in the ranking of global centers most suitable for hosting cryptocurrency investments and businesses.

According to the summary, there are 772 crypto companies in the emirate, and the attractive business environment of the city attracts foreign investors.

The UAE city has also proven itself well in the Recap quality of life rating.

• Let's summarize the ranking of cities in the world by:
• Events related to cryptography
• Employment Indicators Related to Cryptography
• Crypto Companies
• R&D expenditures as a percentage of GDP
• Availability of crypto ATMs
• Capital gains tax rate

The quality of life of cryptocurrency owners
A representative of the summary said: “Dubai ranks second, as it strives to become the leading center of cryptocurrencies and blockchain technologies in the Middle East, after a year of adoption of many new laws for the operation of crypto exchanges in the city.

“One recent YouGov survey also showed that two-thirds of the adult population of the UAE are interested in cryptocurrency.

“Due to low taxes, Dubai is an attractive place for crypto investors to live and may become the second choice for some UK residents, as Holborn Assets has revealed that 200,000 Britons currently live in the city.

“Dubai also has 772 crypto companies from which residents can choose when it comes to finding a career in this sector. The city also has a high quality of life – 175.84 points - seventh place in the overall standings.

Dubai is the second most crypto-ready hub in the world

• London
• DXB
• New York
• Singapore
• Los Angeles
• Zug,
• Hong Kong
• Paris
• Vancouver
• Bangkok
• Chicago
• Berlin
• Sapporo
• Lagos
• Lisbon
• Kuwait City
• Tehran
• Sydney
• Osaka

Kuala Lumpur Riyadh and Jeddah took the 22nd and 25th places according to the results of the survey.