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London Crowned As The Most Crypto-Ready City For Businesses, Know Where Is India Ranked!

  • London emerges as the “Most Crypto-Ready City” for businesses and startups.

  • Hong Kong, formerly number 1, has slipped to the 7th position.

  • Coimbatore, Bangalore, and Delhi made their places on the list.

06-Feb-2023 By: Simran Mishra
London Crowned As Th

Evaluated on 8 Parameters, London (United Kingdoms), stood out from the rest of the cities of the world.

It topped as the Most Crypto-Ready City for businesses and startups with a total score of 458.5.

Prime Minister of The United Kingdom, Mr. Rishi Sunak has kept pointing toward ensuring that the financial service industry of UK, always stands at the forefront of technology and innovation.

London has worked incredibly well to improve some key factors in the city that includes increasing crypto-specific events, crypto-related jobs, crypto-specific companies, and the number of crypto ATMs. Adding to it, the evaluation was also made on non-crypto considerations including quality of life, research, and development spending as a percentage of gross domestic product and capital gains tax rate.

Hong Kong which topped the list last year has now fallen to seventh place with a total score of 309.8.

Wondering If There Are Any Indian Cities In The List?

Well, this could be a great kickstart for digital financial assets in India. For the best of it, three cities in India made a place in the Top 50 cities in the world.

  • Coimbatore (Tamil Nadu) has been ranked 29th, with a total score of 225.7. It qualified with 12 companies working extensively in the crypto domain and 25% of India’s ownership of crypto

  • Bangalore ( Karnataka) has been ranked 33rd, with a total score of 220.2. Though it has 190 companies working extensively in the crypto domain it failed to host various crypto-based events in the city.

  • Delhi (the Capital of India) has been ranked 49th, with a total score of 198.4. The city was dragged down for its low quality of life score and almost no crypto-based events in the city. There are 204 companies working extensively in the crypto domain in Delhi.

We hope to see many more Indian cities ranked up in the list with developed infrastructure with regard to digital financial assets. CoinGabbar is delighted to serve this sector with authentic and reliable information. We aim to tirelessly work towards blockchain regulation while also educating the masses about the future of cryptocurrencies in India. 

Here’s another interesting news covered- South Korea Working Towards Regulating Security Tokens in the Country

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