- Malta
- Japan
- Singapore
- Philippines
- Switzerland
Topic: Best Country for finance regulation (Read 295 times)
Crypto friendly countries AFAIK.
My country doesn't really put that much of regulation in here except that if you need to cash out your cryptos, you might need to comply from their KYC requirements so that they can approve your request of cashing it out to financial institutions like remittance centers.
I think there's no realtion between doing KYC for withdrawing money and the country's regulation because doing KYC or not it's all about the exchanges policy itself, and most of exchanges are not require to do KYC if we want to withdraw our money except we want to withdraw big amount of cryptocurrency
Perhaps you can check this threads:
(1) ASIAN CRYPTO FRIENDLY COUNTRIES
(2) Which countries are more friendlier to crypto?
(3) Best country for crypto
(4) Most crypto friendly countries in Europe
Good luck finding countries that suits your need.
Thanks for the information, I am pressing the focus on the Asian region, I think Japan and Singapore are indeed crypto-friendly, I hope they can spread in the Asian region especially that crypto is not as always feared. And also almost 60% of countries that are crypto-friendly have pretty good progress. (1) ASIAN CRYPTO FRIENDLY COUNTRIES
(2) Which countries are more friendlier to crypto?
(3) Best country for crypto
(4) Most crypto friendly countries in Europe
Good luck finding countries that suits your need.
One of them is definitely the Philippines. The country is pushing universities to teach blockchain technology. Besides, their government also has quite easy rules for people to participate in the crypto market. The government is creating the best conditions for people to make a lot of money in this market and invent smart blockchain tools that can help the economy of the country. So this is a great country for crypto lovers to live and work here.
So far, cryptocurrency in the Philippines is an untouched subject but I have seen interest from many college level students in this industry. Online payments using the infamous Coins.Ph and GCash have been commonly used in the country. It's just a matter of time before its government act up, or maybe when something big and unfortunate happened, the PH government will act up.
Many crypto projects from my country registered their projects in Singapore due to regulatory issues in their own country. In addition, I often see on the web new or old projects they are registered in countries such as Estonia and Cayman Island. Maybe this could be an option for op. Hopefully op does not run a project that only looks for profit. Goodluck!
One of them is definitely the Philippines. The country is pushing universities to teach blockchain technology. Besides, their government also has quite easy rules for people to participate in the crypto market. The government is creating the best conditions for people to make a lot of money in this market and invent smart blockchain tools that can help the economy of the country. So this is a great country for crypto lovers to live and work here.
I think Singapore, because business in all fields of economy is growing rapidly there.
In addition, the regulations are also friendly to project makers and investors, so it is not surprising that such a small country has very rapid and even advanced economic development.
Even some cryptocurrency projects there are also running smoothly, they have an exchange company too.
In addition, the regulations are also friendly to project makers and investors, so it is not surprising that such a small country has very rapid and even advanced economic development.
Even some cryptocurrency projects there are also running smoothly, they have an exchange company too.
If we are talking about cryptocurrencies, then Switzerland is the leader, where the current financial market legislation applies to cryptocurrency business. Swiss government agencies believe that cryptocurrencies should not be subject to VAT and capital gains tax.
Every country has financial regulation depend their domestic financial and also relation with world economy situation. They have different respond about everything ( include bitcoin ) that can be use to weaken their economy system. I believe there's no best country for finance regulation but best country for trade and investment activity already exist. Maybe another member can give the right answer but I trust my country can take care and protect society from bad economy.
Estonia is differently the best of all when it comes to digital money or transaction.
It has the best infrastructure for such business, you differently notice that most Fintechs prefer to start there even if they are abroad base (out of Estonia).
Also Malaysia Indonesia are taking huge steps into this field & also in the cryptocurrency domain.
It has the best infrastructure for such business, you differently notice that most Fintechs prefer to start there even if they are abroad base (out of Estonia).
Also Malaysia Indonesia are taking huge steps into this field & also in the cryptocurrency domain.
Malaysia and Indonesia are started to grow on crypto market. But the users nd traders specifically on Malaysia can't caught up yet with this. I know this cause Ive joined some Conference and compared to other conference I attended people are really few compared to Hongkong and Singapore. By the way, Estonia is a small country that's why its not shockingly they can control the management for fintech and other businesses.
The countries that have the most supportive regulatory environments for cryptocurrency startups to thrive in are Japan, Singapore, Malta, Luxembourg and Estonia, so you might want to consider some of those when launching your new project
Estonia provides licenses for crypto exchanges and service providers. Then there is Malta, which is the second favorite place for famous exchanges, this country is not strict with crypto VAT and so on. Many other countries also have the same characteristics, including France, Portugal and Singapore, but they are implicitly tighter than the first two countries.
Estonia is differently the best of all when it comes to digital money or transaction.
It has the best infrastructure for such business, you differently notice that most Fintechs prefer to start there even if they are abroad base (out of Estonia).
Also Malaysia Indonesia are taking huge steps into this field & also in the cryptocurrency domain.
It has the best infrastructure for such business, you differently notice that most Fintechs prefer to start there even if they are abroad base (out of Estonia).
Also Malaysia Indonesia are taking huge steps into this field & also in the cryptocurrency domain.
Switzerland is pretty great regarding blockchain projects. As far as I know there is even a crypto valley that is based in Switzerland. Australia is also a good example of a crypto friendly country, but this is basically it.
If you are in the Asian region, of course many people will recommend Singapore as a country that is friendly with crypto, but there are also other countries such as Hongkong and Japan. For the European region, then you can consider Switzerland and Germany, because both are quite friendly to crypto.
If you want information about other countries, then you can read this article. 12 Friendly Countries for Cryptocurrency
Well Singapore is really taking steps on cryptocurrencies, in fact there is a lot of projects growing in Singapore right now. But I guess it is worth to mention the Japan in Asian countries. We have known Japan for too long in innovating technology, I'm sure you already see a weird technology invented in Japan, hence this country has been leading in many other fields of technology, So I must say that they will be leading also in cryptography and blockchain sustain. If you want information about other countries, then you can read this article. 12 Friendly Countries for Cryptocurrency
It seems to me that Russia is most loyal to projects because there is no regulation there and generally in Russia the legal field in digital areas is very weak, so I think you can create almost anything you want there.
I won't say other countries aside from my country because I haven't experienced going there and I haven't experienced what is the status of acceptance of cryptocurrency in their country. So basically, Philippines is also a crypto-friendly country. Not as the best but as someone who doesn't regulate crypto much. The government isn't a hindrance to people and crypto.
Switzerland is supposed to be one of the most friendliest. But i suppose i have to ask what do you mean by friendliest, if you mean low taxation, then i would go with Germany.
We country's regulation is quite easy for our finance project for a Crypto related finance project
Since its financed by us we were looking at a pocket friendly option.
then now where is the country that you live in? I think Asia is really friendly with crypto currencies, and I'm not surprised by that because Japan is the number 1 pioneer of this technology, we will see global competition later Since its financed by us we were looking at a pocket friendly option.
There are lot of countries who doesn't have specific regulations for crypto market and still allow new crypto projects, will these countries will be your choice?
Can you name some of these Countries?Jump to: