According to the recently published Crypto Report 2025 from migration platform Multipolitan, Hong Kong has achieved recognition as the second-most crypto-friendly city worldwide.
In a rapidly evolving landscape for digital assets, the city ranks just behind Ljubljana, the capital of Slovenia, in the newly released Crypto Friendly Cities Index.
The index evaluates various factors such as regulatory clarity, tax frameworks, digital infrastructure, and the overall level of crypto adoption among residents.
Ljubljana Leads the Crypto-Friendly Rankings
Ljubljana earned the top position due to its proactive approach toward blockchain technology, with numerous businesses accepting cryptocurrency payments.
Trailing Hong Kong in the rankings are Zurich, Singapore, and Abu Dhabi.
The report also indicates that Hong Kong holds a significant position in global crypto wealth concentration, ranking third with the average holder owning approximately $97,500 in digital assets.
Slovenia leads in this category with an average of $240,500 per crypto holder, followed by Cyprus at $175,000.
Multipolitan’s findings highlight a noticeable trend where crypto investors, particularly large-scale holders or “whales,” are increasingly looking to establish residency in tax-friendly jurisdictions.
Dubai has emerged as a favored location, enticing high-net-worth individuals with its Golden Visa program, which offers a ten-year residency in exchange for investments exceeding $544,500.
“We’re witnessing a shift where individuals choose jurisdictions and financial systems that align with their digital lifestyles,” stated Nirbhay Handa, CEO and co-founder of Multipolitan.
He noted that the rise of tokenized assets and decentralized governance is beginning to reshape societal structures.
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’s Multipolitan aims to enhance global mobility for individuals involved with digital assets.
The report underscores Hong Kong’s ongoing efforts, initiated in 2022, to create a comprehensive regulatory framework for virtual assets.
So far, the Securities and Futures Commission (SFC) has granted licenses to ten crypto trading platforms, including Bullish, reflecting significant regulatory advancements.
Industry engagement is also gaining momentum, demonstrated by the expansion of events like CoinDesk’s Consensus conference and the arrival of prominent figures in the crypto space, such as Binance co-founder Changpeng Zhao, Tron’s Justin Sun, and Ethereum’s Vitalik Buterin.
Crypto Surge Spurs Growth in Hong Kong’s Property Market
The influx of cryptocurrency professionals is also influencing Hong Kong’s property market dynamics.
Professionals from the crypto and hedge fund sectors are crucial in revitalizing Hong Kong’s residential rental market, which has faced challenges stemming from weak traditional demand.
The first quarter of 2025 saw leasing activity primarily focused in Kowloon and lower rental brackets, even as expatriates returned from Singapore.
Looking ahead, Hong Kong plans to unveil a more detailed virtual asset policy framework by the year’s end, as the city works to refine its strategy concerning Web3 and related technologies, Financial Secretary Paul Chan announced on Monday.
At the Hong Kong Web3 Festival, Chan indicated that the upcoming policy statement would build on prior government commitments, aiming to integrate Web3 to enhance traditional financial services.
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