Who’s got the charm, cash and code to be a crypto hub?
Kazakhstan, the Maldives, and Pakistan aim to become crypto hubs and enhance their digital economies. Singapore leads with a strong regulatory framework, including the Payment Services Act, and has 33 licensed digital payment token providers. However, immigration policies have raised concerns among crypto firms. The UAE, particularly Dubai, has established the Virtual Assets Regulatory Authority, offering clear guidelines and tax incentives, attracting companies like Binance. Hong Kong has shifted to mandatory licensing for retail access and approved Bitcoin and Ether ETFs, fostering innovation through regulatory sandboxes. The US is experiencing a regulatory shift under President Trump, with major firms like Binance.US and OKX re-entering the market. The UK’s initial push for a crypto hub has slowed under the current government, though London remains attractive for fintech startups due to favorable conditions.
