Explore the World’s Most Crypto-Friendly Cities

Cryptocurrency is finally getting the recognition it deserves. 

President Donald Trump’s recent announcement of a crypto strategic reserve sent a surge in crypto trading. However, skeptics are critical of his insistence on heading up the reserve to ensure the “U.S. is the Crypto Capital of the world.”

Despite the consensus, the U.S. president’s musings have ushered lesser-traded tokens into the spotlight, providing a much-needed jolt to the crypto industry.

Interestingly enough, Vancouver is considering becoming a Bitcoin-friendly city. Cryptonews.com reports that the city council approved a motion, marking a significant step towards integrating the currency into the city’s financial network.

The Canadian city is taking its cue from others advancing to crypto-friendly destinations. But first, what makes a city crypto-friendly? 

Experts say crypto-friendly cities facilitate real-time crypto payments and support crypto businesses, investors, and enthusiasts. Tax incentives are as appealing as well as supportive frameworks for blockchain businesses.

Whether you’ve made a fortune with crypto or are starting, you’ll be pressed to know the world’s most crypto-friendly cities. 

Chicago, Illinois

Illinois is experiencing a boom in cryptocurrency adoption, meaning you can put your digital coins to work. 

Chi-Town is a hotbed for crypto-friendly businesses. 

The Daily Illini claims that about 200 establishments accept digital assets as payment. Even major retailers and service providers are embracing Bitcoin and Ethereum. 

You can use your digital assets for almost anything, even renting multiple cars. Some vehicle rental companies accept cryptocurrency if you’re interested in exploring downtown Chicago’s many crypto-centric opportunities.

Sprinter van rentals in Chicago are less stressful and you don’t have to use your credit card.

Inform the company that you want to pay with crypto during the booking process. Sometimes you’ll have the option of scanning a QR code or copying an encrypted address.

Don’t forget your valid driver’s license and ID, and choose a rental van company that includes airport transfers and corporate travel. Go with a business that offers affordable prices and exceptional service.

Eminent Limo says the average cost of renting a Sprinter van is $100 to $135 per hour, depending on your vehicle choice. 

Zug, Switzerland

According to Coincub, Zug allows businesses and individuals to pay taxes with Bitcoin and Ether. 

Dubbed “Crypto Valley,” the city has impressive tax regulations. 

Long-term investments aren’t charged capital gains tax. Crypto firms are taxed as standard corporate income. However, it’s competitive on a global scale.

Since implementing the Financial Market Supervisory Authority (FINMA), Switzerland has consistently ranked as the most crypto-friendly nation. 

The authority’s transparent regulations ensure the segregation of staked crypto assets, protecting investors – even in bankruptcy.

Singapore

The city-state of Singapore is leading in blockchain technology. Because of its favorable regulatory environment, Singapore is attractive for crypto businesses and innovation.

An Apex report ranked the South-East Asian destination as the top spot for blockchain and crypto technology in 2024. It gained the highest score of 85.4. 

Its reputation as a global finance hub hasn’t gone unnoticed as crypto companies searching for stability clamor to set up shop. 

Like Switzerland’s FINMA, Singapore’s own Monetary Authority of Singapore (MAS) regulates digital assets.

The Crypto City of the Future?

There’s been much chatter surrounding Praxis founder Dryden Brown’s proposal to build a “network state” in Greenland.

Brown reportedly bid to “buy” Greenland where he visualizes his Praxis dream taking root. The venture-backed startup looks good on paper, but many argue strict regulations may hinder the process.

In October last year, Praxis raised half a billion dollars towards building its new crypto city. Marketing the “utopia” as a city with fewer tech, AI, crypto, and biotech regulations, the company has aspirations of becoming the next “Wakanda.”

According to Digital Watch Observatory, the ambitious project has already caught the eye of famed architect Zaha Hadid. 

Despite the logistics of turning the grand vision into reality, prominent investors Peter Thiel and Balaji Srinivasan are on board. 

Praxis has already attracted about 2,000 prospective residents and a waiting list of 50,000. The project is set to start in 2026.

Summing Things Up

In an ideal world, you could jump on a plane and settle in any of these cities. Or, you could join the 50K Praxis waiting list.

Thankfully, there is a way around the bureaucratic red tape. Some nations offer Golden Visa residency programs for investors. 

Joining a crypto community may also be a viable option. These spaces foster innovation and collaboration.

Remember, when choosing to settle in a crypto-friendly city, consider tax policies, economic stability and crypto regulations.