2023 Crypto Hotspots: Best places for crypto professionals to live and work in 2023

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In the last couple of weeks major exchanges like ByBit, OKX and Binance have exited Canada. Other countries like the US have also released regulatory frameworks that are not quite appealing to the crypto communities. Everyday the reality of finding greener pastures is dawning on the community and countries like Singapore seem to be leading the charge.
With the increasing rate of remote work, it is even more possible for crypto professionals to move on to countries with friendlier regulations and work from the comfort of their homes.

In this article I will be talking about 10 best locations for crypto startups and professionals can relocate to breathe better.

1.Singapore: it is only normal that I start with Singapore. Today, Singapore is host to the headquarters or satellites of some major brands, including Binance, Coinbase and Crypto.com. With better regulatory structures, ease of business and good digital infrastructures, Singapore is the ideal place to set up at the moment. Even though it had rough points in the cases of Terraforms lab, Three Arrow Capitals, the country is looking to right it's wrong and get as many crypto businesses back on board once again. With a diversified cryptocurrency ecosystem and also one of the earliest Ethereum communities, Singapore is really one of the 2023 crypto hotspots to be in.

2.Zug, Switzerland; Birthplace to Ethereum, Zug is the next ideal 2023 crypto hotspots. Home to major brands like Ethereum,Cardano, Cosmos and many other projects, it is the best place if you are searching for clearer regulatory framework and better quality of life. It also boasts of local crypto banks that are very rare to come across in the world, examples like SEBA, Sygnum. Its government is actively investing in making sure Zug is crypto friendly in every way including investing 39 million Swiss francs towards a Blockchain research center.

1. London: Being the world's Financial Center, London is looking to create enough regulations and facilities to create more leveled fields for the crypto communities. With a stock market older than 250 years, it already has the financial infrastructure to bring crypto on board while serving as the connection to other countries who might be adopting it in the near future as a result of its trust in the London financial structures. Its current prime minister has hinted on plans to make the UK into a crypto hub.
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2. Seoul, South Korea: With over 6 million registered users, Seoul is number 4 on the 2023 crypto hotspots. A fast-paced and entrepreneurial city in an often fast-paced and entrepreneurial region but one major setback might be the language barrier as well as the Do Kwon saga. After major crackdowns in the US, it's prominence in crypto rose making it one of the best places with better regulatory frameworks, technology and quality of life.More generally, awareness of and interest in crypto is relatively high and so settling down or crypto professionals shouldn't have a hard time finding their foot in Seoul.

3. Abu Dhabi; the one reason I included the capital of UAE is the fact that it is trying to bridge the gap between the traditional finance institutions and the crypto industry, aligning with what most crypto professionals have in mind unlike other countries. If you are looking for a quieter place to start up or work as a crypto professional in the UAE, it is perfect as it is not as noisy and busy as Dubai.
   Other hotspots you might consider looking into are Dubai, Wyoming, Silicon Valley.

With the crackdowns and regulatory changes, crypto professionals are in search for the best places to live and earn comfortably. Factors like quality of life, digital infrastructure, and regulatory frameworks play a major role in determining what country or city ticks their boxes. While this list might not be as comprehensive or enough to make major decisions, I am sure it will be useful in pointing the direction out.