I think the term amigbale can be considered by several definitions, since friendly is a very global term, for my friend in terms of crypto is that it can be operated without any prohibitions or laws with crypto, that is, if the technology of bitcoin was made to take advantage of the fact that no one should interfere neither governments nor banks, friendly it becomes that they should not even charge to use or to do business with crypto.
So far some country that has agreed to work with crypto have always come out with some type of tax, which, for me, is not friendly.
Friendly in the sense that it is accepted but you must pay tax? In a decentralized technology? That's like going to a party where you have to pay for what you consume, but do not charge tickets. Many people accept the option that everything is being handled well, when they can not even accept bitcoins in their own business because they can run the risk of going to jail if there are no permits granted by government entities, that is not friendly.
Topic: Crypto-friendliest country in the world? (Read 360 times)
1. Estonia
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
Why those countries in that list? When you say friendly, do you mean the country government is open to implement crypto based companies or because the population is involved in crypto?
Where have you been living under the rock? You haven't heard those nations before? Those countries promoted ICO project and has given lots of tax incentives to any company that are willing to go to their country.
So obviously, the government has welcome crypto and population are also in crypto investing and trading.
Of course I have heard of and know where those nations are located. Can't believe you have made that observation but anyway my question directed to know why those specific countries were on that list but thank you for the explanation.
1. Estonia
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
Why those countries in that list? When you say friendly, do you mean the country government is open to implement crypto based companies or because the population is involved in crypto?
Where have you been living under the rock? You haven't heard those nations before? Those countries promoted ICO project and has given lots of tax incentives to any company that are willing to go to their country.
So obviously, the government has welcome crypto and population are also in crypto investing and trading.
1. Estonia
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
Why those countries in that list? When you say friendly, do you mean the country government is open to implement crypto based companies or because the population is involved in crypto?
I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?
Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
In my humble opinion, Malta is the most cryptocurrency friendly country in the world. Of course there are many other that embrace the blockchain innovation and allow companies develop their products.
Malta is also friendly not only to blockchain companies but also to cryptocurrency enthusiasts and individuals that want to be involed in the industry.
I think it's Japan who take positively about the blockchain technology. I've saw an documentary before in which most of the Japanese are very hype in using it and they even used it as a part of their daily routine.
They even have their own regulatory system that separates their usual regulatory board. Therefore the 16 Big crypto exchanges in their country can have their own set of rules.
They even have their own regulatory system that separates their usual regulatory board. Therefore the 16 Big crypto exchanges in their country can have their own set of rules.
I think Switzerland, Malta and Estonia, they are also very liberal about taxes and ease of leading business like startups and high tech companies, other countries should learn from them.
1. Estonia
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
Why those countries in that list? When you say friendly, do you mean the country government is open to implement crypto based companies or because the population is involved in crypto?
1. Estonia
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
2. Lithunia
3. Latvia
4. Switzerland
5. Japan
6. South Korea
7. Malta
8. Singapore
9. Germany
10. Philippines
That's currently the list on my mind, obviously not in particular order though. And I'm sure those countries are far more advance that others because they know that significant effect of being a friendly crypto nation.
I would say somewhere in Europe maybe Denmark or Switzerland? Total guess.
That was a total guess. As you can see from the other responses, places like estonia or cyrpus or singapore are more crypto friendly in terms of regulation and taxation arrangements.
I would say somewhere in Europe maybe Denmark or Switzerland? Total guess.
But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?
I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain.I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
Ok, but what are UAE's tax rates then for crypto currency? I haven't found any information about this online and hence thought it is the same as their taxes for salaried people which is 0.
Estonia.
Is anyone from Estonia around? What makes this country in particular so crypto friendly? I read they are very IT friendly though.
Cyprus is becoming a bit of a crypto start up hub for the European region: https://www.entrepreneur.com/article/325502
It is hard to say what country in the world is the most friendly to crypto, but each region seems to have at least a couple of countries pushing into that space with favourable legislation and regulations, such as Estonia, Singapore and Cyprus.
It is hard to say what country in the world is the most friendly to crypto, but each region seems to have at least a couple of countries pushing into that space with favourable legislation and regulations, such as Estonia, Singapore and Cyprus.
Estonia.
Is anyone from Estonia around? What makes this country in particular so crypto friendly? I read they are very IT friendly though.
But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?
I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain.I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
Alright, that's what I was thinking anyway.
Not surprised to see a nation which is attempting to be startup friendly -- as that does make sense, though being Crypto friendly may make you a target of certain nations that are already in control of the current banking system. If you know what I mean.
But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?
I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain. I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?
I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.
Doesn't the UAE only do this for certain businesses? I didn't know this was something that extended to individual peoples incomes and such, just thought it was a tax break as a way to attempt to bring businesses (and therefore jobs) into certain 'economic free' sectors. Which is just a fancy way of saying that they're not going to be charging tax in that area for reasons of economic development.
I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?
Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
Estonia.
Estonia is Crypto Friendly: True or False? - Named “the most advanced digital society in the world” by Wired:
https://coinmetro.com/blog/estonia-is-crypto-friendly-true-or-false
I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?
Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
Malta is really supporting cryptocurrencies and it is one of the most cryptocurrencies friendly country in the world. However country like South Africa, Japan and India are cryptocurrencies friendly countries. Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?
Jump to: