My 2021 Summary Of The 15 most Influential Crypto Cities In The World

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These 15 cities are shaping the technology, culture, and policies that incorporate crypto into daily life.

From the listing of crypto exchange Coinbase to El Salvador's use of Bitcoin as legal tender, the crypto industry has completed the transformation of the integration of the digital world and the real world in 2021. Although the crypto community is more willing to embrace the decentralized world.

This is why i came up with this article of the list of the most influential crypto cities in the world. These 15 cities are shaping the technology, culture, and policies that incorporate crypto into daily life. They were chosen not only because they are ideal places to live, but because they have had a huge impact on the crypto world.

San Francisco, United States

Kraken, OKCoin and Robinhood all have a large footprint here, not to mention Coinbase, whose executives are still gathered in San Francisco. San Francisco is not only the hometown of Google, but also the hometown of Brave, the encrypted search engine that hopes to replace it.

San Francisco is still the center of the blockchain world.

• Washington, DC, United States

The crypto market often fluctuates due to legislative and regulatory rumors leaked from Washington, DC.

Under the leadership of the new chairman Gary Gensler, the US Securities and Exchange Commission (SEC) is pushing for stricter investor protection laws. He believes that the DeFi field is flooded with unregistered securities and even threatened to sue Coinbase, one of the largest companies in the crypto industry.

But Bitcoin advocates like Ted Cruz and Cynthia Lummis have been waving the flag for decision makers in enacting crypto regulations, and lobbying groups such as the Coin Center and the Blockchain Association While increasing its influence, it also won the attention of decision makers.

• Cheyenne, Wyoming, USA

Because New York State has taken tough measures against crypto companies and hesitated about how to build a regulatory framework, Wyoming went all out. The legislature of Cheyenne, the capital of the state, worked with crypto companies to develop friendly blockchain technology and cryptocurrency regulations.

Today, encryption companies such as Kraken and Avanti have set up outposts in Wyoming.

• Lagos, Nigeria

Although Abuja, the capital of Nigeria, has always been a zero zone for people to resist the central bank’s monetary policy and cryptocurrency restrictions, the old capital of Lagos is the largest financial center and city in Africa. After six consecutive years of inflationary shocks, more people have Use cryptocurrency. This year, Nigeria topped the list of African cryptocurrency peer-to-peer transactions, second only to the United States in the world.

• Tel Aviv, Israel

Tel Aviv is Israel's main technology center and a hot spot for startups. Its per capital income exceeds that of any city except California. Blockchain technology is no exception. This city of more than 432,000 people has 90 of Israel's 150 blockchain companies. Coinbase acquired Unbound Security, a Tel Aviv-based company, in November 2021 that uses a new type of technology to store cryptocurrency. In February of this year, Celsius Network, a bitcoin lender, opened an office in Tel Aviv.

• Zug, Switzerland

Zug was almost excluded from the list due to a key issue: it was not big enough to become a city. But this Swiss town of 30,000 people is the headquarters of the Ethereum Foundation, so it is helping guide this cryptocurrency with a market value of nearly $500 billion.

Known as the "crypto valley", Zug has developed a more friendly regulation for the crypto industry and has also attracted Ethereum competitors Tezos, Dfinity, Bancor and Cardano. As of this year, these companies can even pay taxes in cryptocurrency.

• Singapore

Singapore is the financial center of Asia. With China's crackdown on cryptocurrencies and Hong Kong's unclear encryption regulations, Singapore's position in the crypto world is growing. The two largest crypto exchanges in the world, Coinbase and Binance, are seeking permission from the Monetary Authority of Singapore to operate here.

Even without them, this country has attracted a lot of crypto companies, including market data companies Nansen and Footprint, crypto exchange Cryptocom, and DeFi protocol Kyber Network.

• Berlin, Germany

As early as 2013, the market in the Berlin-Kreuzberg district was known for accepting Bitcoin payments, and Berlin once had the world's most companies accepting cryptocurrency. At the same time, Berlin's position in the Ethereum field is almost the same. It was the site of the first Devcon (2014), and later became the hottest hackathon in Europe with ETHBerlin.

Today, there are at least 15 encryption companies in Berlin, including Centrifuge and Gnosis.

• Toronto, Canada

The Ontario Securities Commission, headquartered in Toronto, approved a large number of crypto ETFs this year and can be traded on the Toronto Stock Exchange (ETFs include Bitcoin, Ethereum and a combination of cryptocurrencies). Although Bitcoin ETFs have not yet entered the United States in southern Canada, Toronto may be known for its cryptographic innovation output.

It is the birthplace of Ethereum founder Vitalik Buterin and co-founder Joseph Lubin, who also established Web3 software development and investment company ConsenSys.

• Lisbon, Portugal

Portugal is one of the few countries that does not impose a capital gains tax on cryptocurrency gains, which means that crypto enthusiasts can relax in the capital, Lisbon.

This fall, members of the Ethereum community and the Solana team came to Lisbon’s beaches to participate in the ETHLisbon and Solana Breakpoint events. With the waning influence of London and Portugal's welcoming attitude towards financial innovation, Lisbon will not only attract parties and hackathons in the future.

• United States, New York

In the early days of Bitcoin's development, New York's overly strict regulatory framework BitLicense (encryption license) expelled crypto companies like ShapeShift and Kraken. But New York’s next mayor, Eric Adams, is working hard to attract and retain crypto companies. Adams vowed to use Bitcoin to receive his first three salaries, thus defeating Miami Mayor Francis Suarez's promise to use Bitcoin to receive a salary.

It is difficult to refute the influence of New York City. The combination of Wall Street and financial technology has created well-known crypto companies such as Galaxy Digital, Gemini, Paxos, Grayscale, ConsenSys, and OpenSea for investors.

• El Salvador

Since the announcement of Bitcoin as legal tender in the second half of this year, El Salvador’s President Nayib Bukele has become one of the most resounding and proud advocates of Bitcoin.

Buckler also promised to use renewable energy (from volcanoes) to mine Bitcoin. Although green mining has not yet become popular, El Salvador’s move has caused other Latin American countries that are struggling with inflation and meager foreign exchange reserves to consider adopting Bitcoin as their national currency.

• United States, Miami

The Mayor of Miami, Francis Suarez, helped organize the 2021 Bitcoin Conference with nearly 15,000 participants this year.

In addition, Suarez puts cryptocurrency at the core of his agenda-allowing people to be paid in Bitcoin, advocating the addition of cryptocurrency to municipal vaults, and of course, encouraging crypto companies to settle in.

In June 2021, Bitcoin wallet provider Blockchain.com announced that it would move its US headquarters from New York to Miami. At the same time, the crypto derivatives exchange FTX spent tens of millions of dollars to obtain the naming rights of the NBA Miami Heat Stadium. Suarez’s welcome to Bitcoin has prompted more crypto companies to consider locating their headquarters here.

• China, Beijing

Although Beijing will not become the favorite of crypto enthusiasts, few other cities can have such a big impact on the crypto industry.

This year, China has banned cryptocurrency trading, especially in banning mining. However, China has achieved great success in the exploration of digital renminbi, and the success of large-scale digital renminbi trials may affect other countries' exploration of central bank digital currencies.

• United Kingdom, London

For a long time, London's status as a European financial center has given it an advantage in attracting crypto innovators. The earliest Bitcoin wallet provider Blockchaincom called London its home, as did emerging companies such as the Ethereum wallet Argent and digital asset custodian Copper.

In addition, the city is crucial for hosting the second Devcon (the biggest event of Ethereum in 2015).

But its influence is waning. The British Financial Conduct Authority (FCA) has set its sights on cryptocurrencies, warning the crypto exchange Binance not to engage in any services in the UK, and persuading cryptocurrency investors to “prepare to lose all their money.” Coupled with the split between the UK and the EU, Some encryption companies are likely to abandon London and set up their European operations elsewhere.

Happy Merry Christmas!!!!

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