Despite China’s ban on ICOs and its temporary halts on all cryptocurrency exchanges, many other countries are quickly taking advantage of the cryptocurrency potential.
While this list contains some of the usual tech-friendly countries like the United States and Russia, many new contenders have made the list to prove that they will be on the forefront of blockchain technology as well.
Estonia has been making strides to encourage blockchain technology to interweave with its economy and citizens. After becoming the first country in the world to establish e-residency, Estonia announced that it would become a leading country in blockchain innovation.
Digital identity and healthcare services have received a massive security boost through blockchain’s immutable ledger, which has led to a massive amount of healthcare-related blockchain ICOs.
The eHealth foundation of Estonia has become the first governmental practice to actually incorporate blockchain into their healthcare system. Currently, all medical records are being recorded and digitized into the blockchain developed by Estonia’s blockchain team.
Topic: Best County for Crypto Startups? - page 3. (Read 23588 times)
Currently there are only two countries that have classified cryptocurrency as digital assets namely Switzerland and Singapore.
Thanks for those lists. To be honest, Estonia is a surprise to me.
I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.
Asia is the most unsuitable country for crypto-related startups. Countries like Indonesia, Bangladesh, Nepal declared Bitcoin and crypto's illegal, even Thailand and Singapore also not seem to be much positive on Bitcoin usage.
Japan or European country like UK is best for crypto-startup. Japan recognize BTC as legal tender and support crypto market. Even awareness about crypto is also quite more in these in countries than Asian countries.
Are you sure that Japan accepted Bitcoin as legal tender? As far as I know, they just equaled it to a foreign currency like the US dollar orEuro. With legal tender you can pay official taxes, but can you pay taxes with bitcoins in Japan? I have strong doubts about that.
On the other hand, Europe seems to be tightening their regulations toward cryptocurrencies, though the UK is no longer in the EU, so they might not give a damn about what the rest of Europe thinks or does.
USA, Japan, korea. To my knowledge, it seems to me the these countries more visible that's really friendly and familiar with bitcoin or other crypto currencies due the support from the its goverment. Its popularity on Bitcoin / crypto currencies to date more visible in that countries, The its citizen are very close to the crypto currencies. Businesses, companies, mining, investments, payment transactions, employee salaries, etc.. seem already really familiar in that countries.
If you are interested in mining, Estonia will be great for you, because Estonia is the country with the fastest internet in Europe and you are less costly to cool mining equipment due to the coolness of the climate.
I think that Siberia. Is very cold and there is not enough expensive electric energy. And you can work remotely on computers
What about Switzerland? I can see that a lot of crypto startups are registered in that country. I think it's more liberal country, so it may be perfect place to start that kind of business. Good luck!
Japan, SIngapore, Russia and Honkong i believe that they are cryptofriendly. just what Japan and Russia have done they are crypto lovers and it will help to boost the economy with the help of blockchain they created their own currency and soon will launch in the market.
I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.
Asia is the most unsuitable country for crypto-related startups. Countries like Indonesia, Bangladesh, Nepal declared Bitcoin and crypto's illegal, even Thailand and Singapore also not seem to be much positive on Bitcoin usage.
Japan or European country like UK is best for crypto-startup. Japan recognize BTC as legal tender and support crypto market. Even awareness about crypto is also quite more in these in countries than Asian countries.
Belarus accepted all of crypto, Japan is super technology but high taxes there so, HongKong too is good too
I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.
I think you are a tad misinformed. Bitcoin is officially illegal in Indonesia, so I don't really know how you could ever consider this country as one of the best countries for crypto startups. Thailand doesn't look very pleased with bitcoin either. Singapore seems to be a better choice, though, in my opinion, it is Japan and South Korea which are most friendly toward bitcoin among all Asian countries.
I think for Asia is the best country for crypto startups. Like Indonesia, Singapore, Thailand. I think this big opportunity for introduce and give them knowledge about crypto world. So they learn step by step and do invest in crypto. I sure they will happy invest in crypto, because the profit more than gold.
Estonia is pretty good indeed. And I'm pretty sure corporate tax is only applied at distribution.
If you are interested in mining, Estonia will be great for you, because Estonia is the country with the fastest internet in Europe and you are less costly to cool mining equipment due to the coolness of the climate.
Probably, for the rapid development of IT-technologies, Estonia is really among the first ...
I herd a lot of startup ICOs are starting from Slovenia. Very good for crypto stuff (for now) I herd estonia and germany also very good. 
The best countries for cyrpto startups would be
Japan
Germany
Holland
Canada
Japan
Germany
Holland
Canada
What about Switzerland? Does it cut it as a crypto startup paradise?
Also, there are rumors that Belarus is going to fully embrace bitcoin in about three months or so, something like no mining or possession taxes whatsoever till 2022, though I don't really know if anyone is going to move or register their bitcoin business there. It make take plenty of time to see what is actually on their government's mind.
You may also consider Panama, Costa Rica or Paraguay.
This map shows countries that only tax locally sourced income.
This map shows countries that only tax locally sourced income.
Here is a little research I did on jurisdictions. https://www.scribd.com/document/366368587/Incremint-ICO-Jurisdiction-Survey-December-2017
It does not of course answer the question of what is the best one. Considering Cayman's zero tax approach and generally good reputation, it's hard to beat them, imho. It would be nice though if Cayman Island's authorities added some official clarity on KYC/AML requirements for ICOs.
Thanks!
P
It does not of course answer the question of what is the best one. Considering Cayman's zero tax approach and generally good reputation, it's hard to beat them, imho. It would be nice though if Cayman Island's authorities added some official clarity on KYC/AML requirements for ICOs.
Thanks!
P
There is a new kid in town. BELARUS. The President just announced that they are legalizing bitcoin and all related to crypto's (ICO, mining farms and tradings), and read this, will be tax-free for the next five years.. So there's no question now at to what country is the best for all things crypto's. Here's the full article:
https://news.bitcoin.com/belarus-legalizes-cryptocurrencies-icos-tax-free/
The government is trying to built a crypto haven there. I'm expecting a exodus of companies to Belarus and starting their ICO because of this incentives. This is positive news for all of us. Another country has joined Japan and Australia as the only nation so far who have legalized bitcoin.
Belarus can obviously see a benefit in the crypto industry to its economy.https://news.bitcoin.com/belarus-legalizes-cryptocurrencies-icos-tax-free/
The government is trying to built a crypto haven there. I'm expecting a exodus of companies to Belarus and starting their ICO because of this incentives. This is positive news for all of us. Another country has joined Japan and Australia as the only nation so far who have legalized bitcoin.
i can imagine it wants to attract high end tech jobs to its country.
does it have the infrastructure in place for the next 5 years though?
Interesting answers,
I will launch the startup in 2018 too
I will launch the startup in 2018 too
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