Rome stands out as one of the leading cities when it comes to embracing cryptocurrencies, according to a recent CoinWire research study. Titled “Most Crypto-ready Cities 2024,” the research aimed to identify cities that offer the best trading and investment opportunities and exhibit the highest enthusiasm for cryptocurrencies.
While Rome did not achieve the highest score, it still ranked among the top cryptocurrency-ready cities, scoring 85.85 out of 100, along with Los Angeles and Singapore. Interestingly, the study did not consider Milan, the second-largest city in Italy, but included cities like Dubrovnik in Croatia and Bucharest in Romania.
Rome scored 100 for legal aspects and 97.14 for companies, indicating its readiness to embrace cryptocurrencies. The employment score was also high at 94.09. However, the city received low scores for ATMs and acceptance of cryptocurrencies.
Another Italian city assessed in the study was Florence, which obtained an overall score slightly lower than Rome. Florence scored 100 for legal issues, but its companies score was lower than that of Rome. Florence also had zero acceptance score and only 0.17 for ATMs.
The city dominating the ranking was New York, with a Crypto Ready Score of 85.85. New York scored 100 for acceptance of cryptocurrencies and employment, but surprisingly scored low for companies. London secured the second position with 75 points, followed by Los Angeles and Sydney. Singapore was the first Asian city in the ranking.
Despite some shortcomings in the study, such as the absence of Swiss cities like Lugano and cities in the United Arab Emirates known for their crypto-friendly environment, Rome’s position as one of the most cryptocurrency-ready cities is noteworthy. Other rankings analyzing cryptocurrency adoption on a national level may yield different results due to the diverse realities within countries.