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Topic: Best Country for finance regulation (Read 307 times)

hero member
Activity: 3024
Merit: 745
Top Crypto Casino
December 19, 2019, 05:18:28 PM
#34
Crypto friendly countries AFAIK.
  • Malta
  • Japan
  • Singapore
  • Philippines
  • Switzerland
sr. member
Activity: 728
Merit: 251
December 19, 2019, 10:12:25 AM
#33
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
sr. member
Activity: 1148
Merit: 432
December 19, 2019, 08:21:42 AM
#32
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.
sr. member
Activity: 756
Merit: 257
Freshdice.com
December 19, 2019, 05:52:45 AM
#31
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.
sr. member
Activity: 1050
Merit: 256
December 19, 2019, 05:36:30 AM
#30
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!
sr. member
Activity: 756
Merit: 256
HEX: Longer pays better
December 19, 2019, 03:44:49 AM
#29
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.
sr. member
Activity: 868
Merit: 267
SecureShift.io | Crypto-Exchange
December 19, 2019, 03:12:20 AM
#28
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.
member
Activity: 188
Merit: 14
December 19, 2019, 02:38:30 AM
#27
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.
sr. member
Activity: 826
Merit: 252
December 18, 2019, 11:21:26 PM
#26
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.
sr. member
Activity: 644
Merit: 257
Worldwide Payments Accepted in Seconds!
December 18, 2019, 09:50:03 PM
#25
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.

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.
hero member
Activity: 1344
Merit: 502
December 18, 2019, 08:19:52 PM
#24
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
sr. member
Activity: 882
Merit: 268
December 18, 2019, 12:53:33 PM
#23
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.
sr. member
Activity: 882
Merit: 254
December 18, 2019, 12:25:55 PM
#22
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.
member
Activity: 378
Merit: 10
December 18, 2019, 12:23:16 PM
#21
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.
sr. member
Activity: 1918
Merit: 370
December 18, 2019, 11:31:24 AM
#20
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.
hero member
Activity: 938
Merit: 500
December 18, 2019, 11:06:52 AM
#19
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.
sr. member
Activity: 658
Merit: 268
bullsvsbears.io
December 18, 2019, 11:03:07 AM
#18
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.
legendary
Activity: 3038
Merit: 1166
Leading Crypto Sports Betting & Casino Platform
December 18, 2019, 09:55:27 AM
#17
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.
sr. member
Activity: 1190
Merit: 250
COMBONetwork
December 18, 2019, 09:25:54 AM
#16
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
full member
Activity: 1498
Merit: 146
December 18, 2019, 09:22:04 AM
#15
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?
Most of the Asian countries are much liberal to crypto currencies and country like Japan and Singapore tries to adopt much quicker with their regulations.
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