Recap, a crypto tax software development company, has just listed London, the UK, as the world's top cryptocurrency center. In order to get the ranking, the researchers of the enterprise used eight indicator values, including the total number of BTCATM devices for encryption business.

In a survey report released on January 25, 2023, Recap, a cryptotax enterprise, confirmed the world's top encryption center. Researchers ranked London as the first city in the UK and named it "a big city suitable for cryptocurrency"

Recap researchers rank encryption centers according to eight indicator values. The eight key data points to determine the level of encryption advance preparation are the quality of life score, encryption special matters, staff engaged in encryption, encryption enterprises, the percentage of research and development expenses in GDP, the total number of encrypted ATMs, the rate of capital gains collection and the encryption use rights of each country.

In London, 2173 people are employed according to encryption. Compared with any other region, this is also the largest number of people employed in the field of digital currency. There are also more than 800 encryption enterprises in the region.

The total number of encryption-related activities and conferences held in the region ranked second. This further helped it attract and retain encryption enterprises.

Compared with other encryption centers, London, UK is behind in terms of encryption access. The researchers stressed: "Although the UK capital is the largest cryptocurrency center in the world, this study found that only 11% of the UK has/applies cryptocurrency, while Algeria ranks 14th with 45%.".

Over the past year, Dubai has passed many new laws to allow cryptocurrency exchanges to operate in the region. Dubai ranks second in its efforts to become the key center of cryptocurrency and blockchain technology in the Middle East countries. According to a recent survey by YouGov, two-thirds of Dubai citizens are interested in cryptocurrency.

Dubai is the ideal place for cryptocurrency investors to return because of its 0% tax. In fact, according to the information of Holborn Asset Company, there are now 200000 British people who call Dubai home. Dubai citizens can also choose from 772 companies based on cryptocurrency, and at the same time seek jobs in this field.

New York ranks third, with the largest number of 843 enterprises mainly engaged in this field. Slightly inferior refers to Malaysia (fourth), Los Angeles (fifth), Chug (sixth), Hong Kong (seventh), Paris (eighth), Los Angeles (ninth) and Bangkok, Thailand, ranking tenth.