A recent -only Report By moving the Multipolitan platform, Hong Kong has identified as a second-reliable crypto-friendly city worldwide, just behind Ljubljana, Slovenia.
The findings, part of the Multipolitan 2025 crypto report, underscore growing in Hong Kong as a hub for wealth, talents, and changes in the cryptocurrency sector.
Ljubljana tops crypto friendly cities index, hong kong near the rear
The crypto friendly cities index is in the rank of urban centers based on certain criteria, including regulations plot, tax regime, digital infrastructure, and wealth concentration in Digital assets.
Ljubljana, recognized for its active approach to blockchain technology and the receiving crypto payments to many retail locations, the leading place in the index.
Following Hong Kong in the rankings are Zurich, Singapore, and Abu Dhabi, all of which have taken steps in creating a desirable environment for cryptocurrency investments and businesses.
Noteworthy, Slovenia also leads to the concentration of crypto wealth, with average with -owner handling approximately $ 240,500 in Virtual assetsCompared to $ 175,000 in Cyprus and $ 97,500 in Hong Kong.
Increasing the so-called “crypto whales” —the individuals who hold a significant amount of cryptocurrency-has prompted many to look for alternative dwellings in taxable taxes.
The United Arab Emirates, especially Dubai, attracts a lot of industry numbers through the Golden Visa Program, which provides residence for ten years with a minimum investment of 2 million dirhas (about $ 544,500).
Nirbhay Ready, Co-founder and CEO of Multipolitan, commented on the changing scenery, saying, “We are moving from the birthdays to the choices-where individuals choose the constituents, money, and communities that serve them.” He emphasized that the emergence of Tokenized possessions And decentralized governance changes the foundations of society.
New Guidelines to expand the digital asset ecosystem
In connection with this trend, Hong Kong's Security and Futures Commission (SFC) announced New guidelines aimed at expanding the city's digital asset ecosystem.
These regulations will allow licensed virtual asset trading platforms (VATP) and funds authorized by the SFC to offer staking services, a skill that allows investors to earn yields to their digital assets while enhancing the security of blockchain networks.
SFC chief official Julia Leung featured the importance of regulatory administration, stating, “Expanding the suite of regulated services and products is important to maintain the healthy growth of Hong Kong's virtual asset ecosystem.”
Under new policies, crypto and fund exchanges seeking to implement staking services must secure the written approval from the SFC and comply with strict requirements, including proper disclosure, Internal controlsand thoroughly appropriate hard work about blockchain protocols and third-party service providers involved.
This step is part of the “Aspire” roadmap of the SFC, introduced in February, which aims to strengthen the growth of Hong Kong's virtual asset.
Featured image from Dall-E, chart from tradingview.com
Editorial process For Bitcoinist centered on delivering thoroughly researched, accurate, and unbiased content. We promote strict sources of sourcing, and each page undergoes our team's enthusiastic examination of the leading technology experts and timely editors. This process ensures the integrity, relevance, and value of our content for our readers.
