Hong Kong Ranked World’s Second-Most Crypto-Friendly City in New Report

Hong Kong has secured its position as the world’s second-most crypto-friendly city, according to the latest Crypto Report 2025 by migration platform Multipolitan. The city stands out as a growing hub for digital asset innovation, wealth, and talent, ranking just behind Ljubljana, Slovenia’s capital, in the newly released Crypto Friendly Cities Index . The index evaluates cities based on regulatory clarity, tax policies, digital infrastructure, and overall crypto adoption. Ljubljana Tops Crypto-Friendly Cities Index Ljubljana, known for its proactive embrace of blockchain technology, claimed the top spot, with hundreds of businesses accepting cryptocurrency payments. Following Hong Kong in the rankings were Zurich, Singapore, and Abu Dhabi. Multipolitan’s data also revealed that Hong Kong ranks third globally in crypto wealth concentration, with the average crypto holder possessing around $97,500 in digital assets. Slovenia led this category as well, with an average of $240,500 per holder, followed by Cyprus at $175,000. The report highlights a growing trend of crypto investors, particularly “whales,” seeking residency in tax-neutral jurisdictions. Dubai has become a prime destination, attracting high-net-worth individuals through its Golden Visa program, which grants 10-year residency for investments exceeding $544,500. “We’re witnessing a shift where individuals choose jurisdictions and financial systems that align with their digital lifestyles,” said Nirbhay Handa, CEO and co-founder of Multipolitan. He emphasized that tokenized assets and decentralized governance are shaping a new societal framework. OUT NOW: 2025 Crypto-Friendly Cities Index Explore the top cities for crypto holders based on adoption, regulation taxation and more → featured in the new Crypto Wealth Report by @MultipolitanSG . Full report: https://t.co/4p5T9c0bzs pic.twitter.com/LtPwH1FRLs — EmergentX (@emergentx_org) April 24, 2025 Founded in 2024, Singapore-based Multipolitan aims to streamline global mobility for digital asset holders. The firm’s report mentioned Hong Kong’s efforts since 2022 to establish a comprehensive regulatory framework for virtual assets. To date, the Securities and Futures Commission (SFC) has licensed 10 crypto trading platforms , including Bullish, amid regulatory progress. Industry activity is also ramping up, highlighted by events such as CoinDesk’s Consensus conference expansion and visits from key figures like Binance co-founder Changpeng Zhao, Tron’s Justin Sun, and Ethereum’s Vitalik Buterin. Crypto Boom Drives Surge in Hong Kong’s Property Market The influx of crypto professionals has also impacted Hong Kong’s property market. As reported, professionals working in the crypto and hedge fund sectors are playing a key role in supporting Hong Kong’s residential rental market , which continues to struggle due to weak traditional demand sources. Leasing activity in the first quarter of 2025 remained concentrated in Kowloon and in lower rental brackets, even as expatriates began returning from Singapore. Notably, Hong Kong will introduce a more detailed virtual asset policy framework by the end of the year, as the city continues to refine its approach to Web3 and related technologies, Financial Secretary Paul Chan said on Monday. Speaking at the Hong Kong Web3 Festival, Chan said the forthcoming policy statement will expand on the government’s previous commitments, with a focus on using Web3 to enhance traditional financial services. The post Hong Kong Ranked World’s Second-Most Crypto-Friendly City in New Report appeared first on Cryptonews .

Source: cryptonews