Best Crypto friendly country? - page 2.

minairia3

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Quote from: TribalBob on August 19, 2022, 08:59:10 AM

I don't think there is one country that meets your expectation criteria, El Salvador, which has stated that bitcoin is a means of payment, maybe there is still a tax even though it's only 0.0xx%, the more developed the crypto world is, of course, every country will tax its owners, not automatically. directly to the individual but taxed when trading crypto coins on the exchange

There are a lot of countries that accept cryptocurrencies and use them but the claim of no taxes is something I have never heard of before. Taxes are an important part of maintaining government and maintaining the stability of a country, and paying taxes is the duty of each of us. That's how we contribute to nation-building, as long as the tax rate is reasonable with people's income.

Uang_kartal

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I really don't have enough experience to stop in various countries that adopt bitcoin as a means of payment considering that each country has different regulations. As long as I'm in Indonesia, crypto is friendly enough for exchanges. Either bank or individual p2p is enough to make me comfortable and fun using cryptocurrencies.

tygeade

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Quote from: Disney on August 01, 2022, 10:09:03 AM

What are best crypto friendly countries to live in? Meaning no taxes on crypto income, adequate banks, crypto as legal tender.

Are we seriously not considering El Salvador at the very top? I mean they are the first nation to make it legal tender ever, how much more crypto friendlier can you get? I love all nations that are not first world nations which uses it as a way to get out of poverty, Pakistan, India, Malaysia, Turkey, Senegal, Nigeria, Latin-American ones, and even smaller European nations.

These are not rich nations at all, maybe there are rich "people" in them, but the general public is not rich, and they go into crypto like a flock and they keep grinding very hard. Give me a thousand people who are active and working as a staff and I guarantee you that I can create the greatest crypto company that the world has ever seen, only because they are way more interested in it for sure.

TribalBob

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I don't think there is one country that meets your expectation criteria, El Salvador, which has stated that bitcoin is a means of payment, maybe there is still a tax even though it's only 0.0xx%, the more developed the crypto world is, of course, every country will tax its owners, not automatically. directly to the individual but taxed when trading crypto coins on the exchange

cloudfir3e

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Quote from: TheNineClub on August 01, 2022, 02:48:28 PM

ok, this is a bit off the question, but the most friendly crypto country would be the one where you could use your crypto in everyday occurances. There are probably not many, or any (not including Salvador as it's a completly economicaly torne country). So everyday usage is the most important criteria.

indeed for now there is no country with the most crypto-friendly and where we can use crypto in everyday life except Salvador.

but I believe that someday in the future many countries will adopt and legalize crypto as a legal medium of exchange.
but it is impossible if there is a country with the most friendly crypto, because the more usage in a country, the more taxes applied to crypto as a source of state income.

kryptqnick

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I don't think there's a single country that would meet all the requirements, and IMO countries where cryptos aren't regulated can actually be crypto-friendly as well (because the taxation wasn't figured out yet and because it's not technically a crime to use cryptos for any means that aren't themselves illegal). Many countries were mentioned, but you should really consider other factors, such as ease of doing business, ease of getting into the country and getting a residence permit to stay there, how democratic/authoritarian the country is, how economically and politically stable it is, how safe it is in terms of violent crimes, and other things like that if it's for literally relocating there.

Nrcewker

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Quote from: Disney on August 01, 2022, 10:09:03 AM

What are best crypto friendly countries to live in? Meaning no taxes on crypto income, adequate banks, crypto as legal tender.
Thanks!

El Salvador is currently the best country which you can say that is crypto friendly . They are not only limited to being friendly, rather they also support the cryptos specifically Bitcoins.
But OP you can keep cryptos with you while you live or roam in any country.
You should thank to the decentralised nature of the Bitcoins for which, no government can control it and therefore no one other than you can know that how many cryptos or Bitcoins you have.
If you need to cash out of some Bitcoins, then do P2P deals. As easy as that.

xSkylarx

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Quote from: Disney on August 01, 2022, 10:09:03 AM

What are best crypto friendly countries to live in? Meaning no taxes on crypto income, adequate banks, crypto as legal tender.
Thanks!

Currently there are only 2 countries that adopted bitcoin or cryptocurrencies as legal tender, it is El Salvador and Central African Republic (CAR). There is no country yet that pass all those 3 criteria but for me Singapore is the most crypto-friendly country. You are not required to pay taxes if you are trading crypto unlike other countries. Only businesses there that is related to crypto are required to pay tax to the government.

poldanmig

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Crypto assets are becoming one of the investment assets that are quite in demand today, although there are still many countries that are pro and contra towards crypto, but the development of crypto is increasingly widespread and even now countries like El Salvador are starting to adopt bitcoin or crypto as a whole in their financial economic systems, according to the latest data from coindesk, there are several countries that are quite friendly to crypto and eventhere are even countries that exempt taxes on crypto transactions carried out by users, here is a list of countries that are friendly to crypto:

1. Portugal
2. Holland
3. Germany
4. Slovenia
5. Singapore

Despairo

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Quote from: Adbitco on August 18, 2022, 03:44:40 AM

If basically looking into tax, we can consider Nigeria as a country live freely without a obstacle though it requires trading on p2p to receive local currency but you can trade, and use crypto. Most of the shopping mall, Hotels, Gas station and many more accept cryptocurrencies.

I wondering how it's possible the Nigerian banks doesn't allow Bitcoin, but at the same time the business can accept Bitcoin as payment? Why does the business and banks have different laws? I think the government itself who agree or disagree to accept Bitcoin.

But I would say Nigeria isn't a free country about Bitcoin usage since you're still get limited since the bank still ban Bitcoin related transactions.

Rikafip

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Quote from: Adbitco on August 18, 2022, 03:44:40 AM

For all then Portugal remains the best if having all these feature. One can live freely without any tax payment and government restrictions

That unfortunately won't stay for long as Portugal finance minister announced few months ago that they plan to start taxing crypto so it will be interesting to see how will that affect many who moved to Portugal just because of that. As a matter of fact I know a couple of people that moved to Portugal from other EU countries just because of that (they work in crypto industry) and they weren't particularly happy with that announcement. You can read more about it here.

I am surprised that more people didn't mention UAE (more specifically Dubai) as from what I saw that's the place to be if you wanna live off crypto (if you can ignore the awful climate).

Adbitco

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Quote from: Disney on August 01, 2022, 10:09:03 AM

What are best crypto friendly countries to live in? Meaning no taxes on crypto income, adequate banks, crypto as legal tender.
Thanks!

If basically looking into tax, we can consider Nigeria as a country live freely without a obstacle though it requires trading on p2p to receive local currency but you can trade, and use crypto. Most of the shopping mall, Hotels, Gas station and many more accept cryptocurrencies.

Quote from: Bitstar_coin on August 01, 2022, 01:51:17 PM

Quote

PORTUGAL
* 0% tax on crypto trading
* 0% tax on foreign-sourced dividends
* 0% tax on foreign-sourced income
* 10% tax on foreign-sourced pension
* 20% tax on freelancing
* No minimum stay requirement
* Permanent residence can be granted after five years of residency.

SOURCE

Portugal's offers look relatively good in terms of tax, am not sure about UAE, Turkey, Switzerland, Singapore, etc tax structure on crypto, The website did not really give many details on that aspect, you can always do more research on them to be sure.

For all then Portugal remains the best if having all these feature. One can live freely without any tax payment and government restrictions

CryptoHeadlineNews

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Quote from: Ahli38 on August 18, 2022, 12:29:57 AM

Because in this country there are special conditions to be completely free from taxes. such as the user must hold the crypto asset for a year. and some other special requirements that are different for each country.

If an individual needs to hold his/her Bitcoin for are period of 1 year to be tax free then such country do no deserve to be on the list of bitcoin friendly countries. Because as for me, in as much as I don't know much about El Salvador and Central African Republic, for the fact that Bitcoin was adopted as a legal tender and can be used for easy purchase of goods and services, then I strongly recommend that these two are the most Bitcoin friendly countries for now

8rch7

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According to the media I searched for and I asked online friends, they all said that for now Germany is a very friendly country towards crypto currency, this European country also allows the domestic banking industry to be able to take advantage of crypto currency, the German state has announced that they will not collect taxes for long-term gains for cryptocurrencies, according to the media I searched Singapore is the second country that is friendly to cryptocurrencies.

PurpleFrog

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From the information I found the best crypto friendly countries are:
Portugal
Switzerland
Germany
Singapore
Malta

Ahli38

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There are several countries that exempt taxes for crypto trading. so we can be more comfortable in crypto trading. I know there are several countries. and to complete it I also looked it up from several news sites to make sure. these countries are as follows :
1. El Salvador
2. Belarus (The government has exempted taxes on crypto for five years from 2018 to 2023. and from 2023 a review will be carried out. whether crypto will be taxed or not henceforth.)
3. Singapore
4. Cayman Islands
5. Switzerland (But for crypto mining taxes it turns out to apply in this country.)

while in my country Indonesia. crypto tax has been applied.
in fact there are many more countries that do not collect taxes. but not completely tax free. so i didn't include it like portugal, germany and malaysia. Because in this country there are special conditions to be completely free from taxes. such as the user must hold the crypto asset for a year. and some other special requirements that are different for each country. so in my opinion the most friendly and comfortable is in the list of 5 countries above on the list.

but actually almost all countries are very comfortable and friendly for crypto users. because the enactment of taxes is actually a sign that crypto is starting to be accepted in the country. so it has started to pay close attention to crypto. maybe for china is an exception. I don't know much about China. but it looks like it's not crypto friendly there.

shynar_data40

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According to open sources, the most optimistic about bitcoins and cryptocurrencies are:
Singapore
Australia,
Brisbane City
U.S.
state of California
Sweden
New Zealand
Liechtenstein
Portugal
Germany
Malta
Switzerland

Each of them has different conditions, if you are going to move to one of these countries, you should study the conditions in each of them.

Despite this, the countries with the largest number of cryptocurrency holders are as follows:
India 100 million
US 27 million
Russia 17 million
Nigeria 13 million
Brazil 10 million

glendall

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actually all countries were friendly to bitcoin at first, after bitcoin became the talk of one country, one country levied taxes on its owners, and it is possible that countries that are currently still free of taxes and those related to crypto will one day be the same as countries that have applied taxes

Leviathan.007

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I didn't visit many countries myself and what I know mostly comes from the articles I saw and the news we always hear about other countries which can be truth or lie, but if you ask me about all the countries I saw I would say United Arab Emirates is a bitcoin-friendly country between the countries I visited because in UAE you can use the bitcoins for buying anything you want and there are bitcoins there also in many supermarkets you can pay with bitcoins, one of my friends bought an apartment there and he paid the money with bitcoin, while as far as I know, they won't take tax from you while using bitcoin.

nullius

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Quote from: Disney on August 01, 2022, 10:09:03 AM

What are best crypto friendly countries to live in?

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