According to a report by cryptocurrency asset management specialist Recap, Dubai has been ranked as the second most crypto-ready city in the world, following closely behind London. The report assessed global cities on their ability to host cryptocurrency investment and businesses, taking into consideration various factors such as the number of crypto-based companies and the level of investment attraction.
Dubai was noted for its favourable business environment that attracts overseas investors and its push to become a leading centre for cryptocurrency and blockchain technology in the Middle East.
The report also highlighted that Dubai has 772 crypto-based companies and a low tax environment, making it an attractive destination for crypto investors, including UK residents.
Additionally, a recent YouGov survey found that two-thirds of UAE adults have an interest in cryptocurrency, further emphasizing the city’s potential for growth in the sector. Dubai was also noted for its high quality of life, ranking seventh overall with a score of 175.84.
