Top 15 cryptocurrency cities: guess which is the first in Europe?

Which are the most advanced cities in matter of cryptocurrencies? Those that house the most major companies in the sector, those whose legislation has the most impact on the future of Bitcoin, Ethereum and others ? At the end of a crucial year for cryptocurrencies, Decrypt has engaged in the perilous exercise of a Top 15 of the most active cities in this area.

In this Top 15, three European cities stand out and even four for those who would like to include London in the lot. But as we will see, the most influential of all is not the one you would think.

Let’s go through this classification, from bottom to top to spare the suspense …

15. London (United Kingdom)

Everyone knows that London is one of the major places of finance and the stock market. But several major crypto firms have taken up residence there, including start-ups majorecosystem Ethereum like Silver and Copper. However, if the British capital closes this ranking, it is because the regulations recently seem to have become unfavorable. Thus, the Binance marketplace has been asked to leave London soil and – potentially good news? – took up residence in France.

14. Cheyenne (Wyoming)

This western US state that is home to the famous Yellowstone Park and more than a cowboy has adopted the friendliest laws in the Americas for crypto technology. One of the main marketplaces, Kraken, has taken a stand in this state where Republican Senator Cynthia Lumnis poses as a defender of the blockchain.

13. Lagos (Niger)

How to survive in a country where inflation is such that the local currency depreciates from month to month? Answer: by embracing Bitcoin and other digital currencies. As a result, Niger has become the African country where the most cryptocurrency during the year. And even the world n ° 2 after the USA.

12. Tel Aviv (Israel)

With the exception of California, Tel Aviv is the city with the most start-ups per capita. And 150 of these young shoots are linked to blockchain technology.

11. Zug (Switzerland)

This small town of 30,000 inhabitants is known as the “Crypto Valley”. Among its residents, there are Ethereum Foundation, Tezos, Bancor, Cardano … And you can pay your taxes in cryptocurrency.

10. Singapore

Not content with being regularly ranked world No. 1 in smart cities, Singapore has adopted a welcoming policy for cryptocurrencies, which has brought in giants like Coinbase and Binance to consider relocating there. Another leader in the Crypto.com domain is already there.

9. Berlin (Germany)

Since 2013, the district of Kreutzberg has distinguished itself by the acceptance of Bitcoin as a means of payment in many bars or shops. And Berlin quickly showed the same openness towards Ethereum, hosting various events dedicated to developers.

8. Toronto (Canada)

Toronto was a pioneer in accepting the presence of ETFs (exchange-traded funds) based on Bitcoin, Ethereum and other digital currencies on the Toronto Stock Exchange.

7. Lisbon (Portugal)

The European n ° 1, that’s it! Portugal is one of the few countries that does not tax profits made on cryptocurrencies. This fall, it is in Lisbon that currencies like Ethereum and Solana were the scene of major events.

6. New York (USA)

While New York has not always been crypto friendly, its new mayor, Eric Adams has been a game-changer. He himself wished to receive his first salaries in Bitcoin.

5. San Salvador (Salvador)

The presence of Salvador in this classification seemed inevitable, this country having been the first in the world to adopt Bitcoin as a national currency, as an alternative to the Bolivar, and therefore accepted in most businesses. The example is observed closely by other countries of America tempted to follow suit.

4. Miami (USA)

Miami Mayor Francis Suarez has shown a strong crypto-friendly stance: municipal employees can receive their salaries in Bitcoin. Many major companies are now considering relocating to Miami.

3. Beijing (China)

After having long been a home for minors, the China gradually changed its position, banning cryptocurrency trading and going as far as ban mining last spring – when it was still welcoming 2/3 of minors in April 2021. However, he said to himself that this policy would be changing. For now, attention is focused on its digital yuan, which is expected to be the first central bank digital currency with national reach.

2. Washington DC (USA)

Yes Washington figure so high in this ranking, it is because of the multiple measures being considered by the US government to regulate the impact of cryptocurrencies on consumers. Lobbies are at work to try to tip the scales one way or the other.

1. San Francisco (USA)

Several major companies in the sector are present in the high-tech city par excellence: Kraken, Robinhood, Coinbase … Add to this the presence of investment funds in Menlo Park and we obtain a region naturally favorable to the development of blockchain-related activities.