Kazakhstan, the Maldives and Pakistan recently identified aspirations to place themselves as encrypted centers and build their digital economies.
Historically, these countries were not at the head of the global encryption companies-although Kazakhstan had a short moment in the spotlight as a destination for supporters of mine workers (BTC) after the mining ban in China.
Meanwhile, the financial centers are now established in a race to become the leading coding center in the world by finding the right balance in organization, talents, capital and infrastructure.
Here is how five of them support their encrypted dreams.
Singapore is the encryption center with parents ’guidance
Singapore has long emerged as a financial center, supported by it AAA credit classificationReduced business tax rates and pro -business regulations. With the appearance of digital assets, the city of Lion is among the first places in the Crypto Hub race.
Singapore was among the first two engines in regulating encryption. PSA Law (PSA) for 2019 – Age in 2020 It was one of the first comprehensive legal frameworks in Asia that covered encryption activities.
the Psa The term “digital payment” is used to determine the digital representation of the value that can be transferred, stored or circulated electronically – such as encryption.
At the time of writing this report, there 33 DPT service providers Licensed by the Monetary Authority in Singapore (MAS), the city’s central bank. Casper Johansson, co -founder of the Spartan Group in Singapore and Hong Kong, said the license approvals have moved at a measurement pace, which gave faster centers like Dubai Chamber to catch up.
“Singapore is more than one institutional financial center more than a retail financial center,” said Johansson.
Johansson added: “The ban on marketing did not affect retail on Singapore as a global encryption center. Current companies that were established in Singapore for low and transparent taxes, the strong organizational framework, the rule of law, global professional services, and the ease of living and global communication.”
But the cracks appeared recently, especially about the immigration and employment policy. In late 2024, fears erupted when the CEO of Blockchain Analytics Nansen, Alex Svanvik, participated that permanent residency was rejected. The government has increased its efforts Determining local employment priorities Amid increasing political sensitivity Foreign work.
The United Arab Emirates offers a welcome mat to the coding axis
Unlike the other competitors on Crypto Hub, Dubai has a dedicated digital asset organizer, the organizational authority of virtual assets (VARA).
The wide-range licensing system provides clear guidelines-even for NFT-platforms that have not been treated by major economies such as the European Union. The European Union markets are excluded in the framework of encryption (MICA) currently NFTS.
Clarity is attractive to frustrated companies due to organizational uncertainty elsewhere. Binance, a boundless exchange with the absence of a major office, was on the rethinking of this model under global organizational pressure – the stock exchange links are linked to the United Arab Emirates.
Richard Ting, the former CEO of the Farri region market, Abu Dhabi International, took over the position of Binance CEO after Zhao, and recently hinted that the United Arab Emirates is a strong candidate for the stock market headquarters, although no decision has been made yet.
The UAE also provides its own incentives, such as There is no personal income tax Free regions such as the Dubai Multi -commodity Center (DMCC) and Dubai International Financial Center (DIFC) 0 % corporate tax Foreign advantages and ownership 100 %.
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The encryption companies have reported easier access to banking services in Dubai, and it is an improvement in the challenges that companies face in the United States according to the “ChokePoint 2.0”.
Hong Kong makes Crypto Hub pay with retail arrival and ATFS
Hong Kong has long worked as a financial gate to China the mainland, where encryption activities such as mining and trade remain banned.
Previously, the city had a voluntary licensing system, when OSL and Hashkey were only licensed to serve professional institutions and investors. In Hong Kong, professional investors are legally defined as conservative of at least $ 8 million from Hong Kong (about one million dollars).
It was later updated to the mandatory system, which was launched in 2023, which opened the doors to retail.
The transformation to the mandatory license represents a turning point. OSL and Hashkey became the first authorized stock exchanges to serve retail investors, while companies such as Bybit and OKX withdrew their requests and left the market. As of now, 10 platforms are licensed, while 15 have been withdrawn or rejected.
Hong Kong made additional steps with the list of investment funds circulating in Bitcoin and ETHER (ETH), and was recently approved within ETHER ETFS, which has not yet allowed the United States. It has also been presented Stablecoin sand boxes Under the supervision of the Hong Kong Monetary Authority for trial on the digital assets adopted in an control environment.
“Sand boxes are an experience, so the investment funds are also circulating,” said Kelvin Koh, co -founder of the group. “The basic point is that these experiments occur in Hong Kong.”
Hong Kong recently released Aspire Roadmap in February 2025, which aims to enhance Blockchain innovation and fill the organizational gaps to prepare the city as a global encoding center.
Trump 2.0 Crypto Hub dreams
The American encryption companies were stuck in the organizational Gridlock within the framework of the Securities Committee and the stock exchange led by Gary Ginserner, which sparked the aggressive “regulating enforcement” strategy that led to legal battles for years.
This has changed with the opening of President Donald Trump, who embraced a friend of encryption. Since then, SEC has dropped many prominent situations and investigations, including those against Coinbase, UISWAP, and Conssys, which indicates a variable regulatory climate ready to welcome encryption in the American soil.
https://www.youtube.com/watch?
President Trump declares the United States, the future capital of Amnesty International and encryption. source: White House
Binance.us resumed US dollar services in February /
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Exchang OKX re -inserted the US market in April 2025 after a $ 500 million settlement with the Ministry of Justice. Also in April, NEXO announced – during an event with Ibn Trump in the audience – that she re -recovered its American dream after canceling it in 2022.
Traditional financing extends, as institutional investments are overwhelmed with Bitcoin and Ether Spot, which are provided by some of the world’s largest asset managers, including a $ 11.5 trillion giant Blackrock.
The issue of financial love is directed in both directions, as the encryption companies are increasingly open to the inclusion of the current US infrastructure.
Galaxy Digital listed on the NASDAC Stock Exchange on May 16, Circle is studying another attempt to subscribe, and is now looking at Blockchain Unicorn Animoca Brands in Hong Kong to a list in New York, citing Trump’s position on encryption.
The largest financial center in the world, New York City, is its own movement. Mayor Eric Adams said on May 12 that Big Apple is “open to work” with encryption companies.
The encryption defender extends in the United Kingdom, but London is still inviting
In 2023, then the then Minister of Lead UK global encryption centerStablecoins is identified as an organized payment tools and a broader working framework for inclusion in the country’s financial system.
This momentum was translated into a real movement: In April 2025, the British Treasury was issued Legislation near the final It aims to bring encryption assets – such as trading platforms, stablecoins and interest services – within the country’s organizational ocean.
Financial Conduct (FCA) now Consulting On how to organize mediators, lending and other basic parts of the ecosystem, indicating the continued organizational development.
But while the organization’s mechanism continues to rotate, the political will may be cool. As Arfin Ibrahim, a partner in the Judwin Private Park Group, told Cointelegraph, Crypto was previously essential to the Sunak competitive schedule, but under the current Labor Party government, this focus faded.
The new financial services growth strategy and the competitiveness, led by Chancellor Rachel Reeves, High Fintech as a priority without focusing only on encryption.
Ibrahim said: “The UK does not feel that it gives it priority as it was a few years ago.”
Ibrahim added that the United Kingdom remains “one of the best places to create a new startup”, especially for capital education in the early stage.
It refers to the generous tax incentives of owners of owners and unique financing and startups in London, describing it, “Perhaps one of the best cities in the world for companies of the type Fintech.”
In this sense, even without the encryption policy that has shattered the title, the UK’s structural appeal is still attracting Web3 companies-now with a quieter background.
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