Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
many country has restricted Bitcoin not to coexist in their country but some countries who have the knowledge of digital currency or cryptocurrency is the one who is trying a regulation of cryptocurrency but statistics has not proven they countries that regulate cryptocurrencies but what we all know is that many countries have not accepted Bitcoin as a legal tender but I know very well cryptocurrency is not being restricted in so many countries 
Topic: Cryptocurrency Regulation (Read 277 times)
Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
OP, you would have atleast provided a brief overview of the regulatory policies of some countries to give us clue. Atleast, the ones on the poll. Not everyone has an idea of the cryptocurrency regulations in different countries. Those are extra efforts expected of a topic creator. If I should pick, I will go with El Salvador where there are no restrictions using cryptocurrency, especially bitcoin. Bitcoin being a legal tender gives it all to them.
Apart from El Salvador, I'll go with my country Nigeria who hasn't enforced any harming restrictions yet. No tax or inconveniences yet but I am sure the government is trying and planning to implement some this new year.
I voted in the poll, and I’m the first one to vote. My vote is for the US because they are likely the reason Bitcoin reached $100k during the bull run. Remember, they approved the ETF this year, which was a huge milestone. It brought institutional investors into the market, and now total ETF holdings have already exceeded 1 million Bitcoins.
Yes it can be true that the US is he best serving region or government because most whales are comed from the US and moreover, the wedges of crypto currency especially bitcoin obtains its ability from users who're still the whales accumulators.
But what I can't back US here on is if they're actually the best crypto regulating region because there's no absolute data to confirm this fact because looking at it, countries like El Salvador has made the use of cryptocurrency to be more convenient to its masses and of course the government has also adopted the facilitation of crypto transactions which I'll then think that the El Salvador is the best if as much the use of bitcoins could be so versatile and utilizing to their community.
El Salvador is a good example, but their relationship mostly relates to state strategy and state investment in Bitcoin. Regulation should mean the extent to which a country has adapted and made it easier for citizens to use cryptocurrencies.
Yes, of course, the use of crypto to make it easier for its citizens is the main adoption that needs to be done. But El Salvador started with Bitcoin as its main goal, it became an amazing economic builder despite initially being pros and cons but still running today.
Even El Salvador will build a Bitcoin City that will all use Bitcoin, so this will be an extraordinary mass adoption.
A good opportunity is also of course for other cryptos and actually Bitcoin will be the opening of all crypto adoptions that will then be carried out.
Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
Of course, the first country to make Bitcoin legal tender is El Salvador.As for big countries like the US, with Trump possibly returning to office, there’s been talk of pro-Bitcoin regulations. That’s something we’ll need to wait and see if it materializes, as positive regulations in a major country could have a huge global impact.
Germany is pretty interesting
On the other hand, the Germany sold their Bitcoin, so they clearly aren’t betting on it.Germany sells off ‘Saxon treasure’ of confiscated bitcoin
But El Salvador would have better suit in this list as they are more crypto friendly as they have legalize Bitcoin through their law.
Making Bitcoin a legal tender in their country gave everyone access to Bitcoin.
Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
I think the United States. Although I am only concerned about my country and no official regulation yet about cryptocurrency, but it is not officially legalized as well, so it is risky according to my government, but I think not bringing regulations on any transaction is better for us for now even though they tried to make regulations on centralized exchanges that operates in the country, but for someone that knows Bitcoin as decentralized entity should have no worries about exchanges regulations placed by the country.
I voted for USA, but I would have picked El Salvador over US if it was included in the poll just because they first adopted bitcoin as a legal tender and may likely put in place regulations to that effect.
One thing I want to remind us is that, no matter the kind of regulation a country puts in place, whether they claim they are in support of Bitcoin or not, they will never come to your aid if you lose your Bitcoins to scammers or get into trouble with your coins. Regulations are just there to still prove to you that they are still in control. while you think of countries with the most regulations, still bear it at the back of your mind that you are alone in this and it is your responsibility to protect yourself.
One thing I want to remind us is that, no matter the kind of regulation a country puts in place, whether they claim they are in support of Bitcoin or not, they will never come to your aid if you lose your Bitcoins to scammers or get into trouble with your coins. Regulations are just there to still prove to you that they are still in control. while you think of countries with the most regulations, still bear it at the back of your mind that you are alone in this and it is your responsibility to protect yourself.
Germany is pretty interesting
As the OP asked here, I think this refers to the tax benefit - there is no capital gains or income tax charged after hodling Bitcoin (or most cryptocurrencies) for more than a year.In comparison to some other European countries like Spain, German crypto regulation seems also to be less "intrusive". People in Spain for example have to report a lot of their crypto activities to tax agencies, while in Germany it's only required if you surpass certain thresholds -- although early adopters surpass them easily ...
On the other hand, the Germany sold their Bitcoin, so they clearly aren’t betting on it.
That were confiscated Bitcoins and they can't do what they want with them without a dedicated law or decree.I didn't vote in the poll because of the four countries listed, most have advantages and disadvantages. I had first looked at Singapore but its regulation seems to be quite similar to the US and Europe. The EU countries have imo gone too far with the AMLR (the MiCa is relatively okay in comparison) and thus I would not vote for Germany nor Portugal. So for me it's a tie between the US and Singapore, although El Salvador and perhaps also other Central/South American countries would probably be even better options.
Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
i think the question should be better framed in such a way that each individual can talk about the level of regulation they are facing at their country be it positively or negatively. chosen just a few country and creating a poll on it wouldn't do the expected justice to some salient point you can get from countries that are not listed in the pole.generally, crypto regulation have largely depended on what the sitting government thinks of crypto particularly bitcoin. if a government is bullish on bitcoin and sees bitcoin from a positive standpoint, they tend to address it positively and you get to see some form of neutral regulation or something that is almost like a zero regulation by that country. if the reverse is the case and you are dealing with an Anti bitcoin government, you are going to see some very strict policies that are completely against bitcoin adoption like what we have seen in some part of the world. el Salvador and the united state will always take the lead because there regulation have become more positive as time progresses.
I voted for the US. Not because they are the best with favorable crypto polices but among the options you gave they have better evidences controlling the market, their influence on the market is alongside what we are enjoying today. Bitcoin crossed an ATH of $105,000 some hours ago, lot's of investors are happy with genuine affirmations the US played a huge part in this price movement. While we consider this just the beginning, the US have further plans, once they are implemented the market will definitely become better.
Getting comfortable with the government and crypto polices, we should aswell understand that government is about power and this power also moves from hand - hand, the relaxation today might become something to be worried about in the future.
Getting comfortable with the government and crypto polices, we should aswell understand that government is about power and this power also moves from hand - hand, the relaxation today might become something to be worried about in the future.
Hi all,
Thanks for your responses. I am actually writing my thesis on crypto regulations, and I am hoping to speak with investors about crypto, investing, and financial regulation. If you are willing to speak with me, our conversation should take roughly 30 minutes over the phone. Your name and other personal identifying information will be kept confidential. I am really interested in hearing your thoughts.
I doubt if anyone especially high ranked members will be willing to do such, privacy on the forum is yet the most important that matters. Is there anything to be discussed privately that cannot be talked about in here, the forum is created to share thoughts and reasonings, people are also here to learn from what you would want to go discuss private, share your thoughts and i believe lot's of users will be ready to learn and also give their suggestion on the responses. Thanks for your responses. I am actually writing my thesis on crypto regulations, and I am hoping to speak with investors about crypto, investing, and financial regulation. If you are willing to speak with me, our conversation should take roughly 30 minutes over the phone. Your name and other personal identifying information will be kept confidential. I am really interested in hearing your thoughts.
Crypto regulation is an interesting topic, and every country does it differently. Which country do you think does it best?
What do you mean by "better" regulation? Better or not, it will still be regulation, that is, 3rd-party influence on crypto.Any crypto regulation, no matter how favorable it sounds in the wording, will mean, 1st of all, a restriction of the freedom of cryptocurrencies. Now, without the influence of regulators, crypto have complete freedom, but this will be curtailed. Although regulation is inevitable, it is strange to see that everyone expects a quick "restriction" of the use of cryptocurrencies.
Strong countries, like the United States, will greatly restrict crypto, despite their statements. Weak ones will make more concessions in order to stimulate their economic backwardness. But here, too, nuances are possible due to the ruling regimes, which, depending on the benefit, will regulate differently.
How come El Salvador did not make the poll.
To the best of my knowledge, El Salvador is the first country to fully make bitcoin a legal tender and for transaction purpose by so doing means that they have a crypto friendly policy and regulation that is feasible for all to take advantage of.
However, the US is a crypto nation but her regulations are kind of strict and not flexible as of now pending when Trumps is fully in power to implement his new crypto policies and regulations. Only then we can talk of them being a country with feasible regulations for crypto adoption.
Germany and the rest as mentioned in the poll are a bit strict too and so far, they are yet to fully implement regulations as it favor's bitcoin crypto currency. It can be seen in their actions of lately where Germany sold out bitcoin which they could have hodl to get big profit. The time they sold and the time of pump was just some few months which they could have benefited from their hodl.
To the best of my knowledge, El Salvador is the first country to fully make bitcoin a legal tender and for transaction purpose by so doing means that they have a crypto friendly policy and regulation that is feasible for all to take advantage of.
However, the US is a crypto nation but her regulations are kind of strict and not flexible as of now pending when Trumps is fully in power to implement his new crypto policies and regulations. Only then we can talk of them being a country with feasible regulations for crypto adoption.
Germany and the rest as mentioned in the poll are a bit strict too and so far, they are yet to fully implement regulations as it favor's bitcoin crypto currency. It can be seen in their actions of lately where Germany sold out bitcoin which they could have hodl to get big profit. The time they sold and the time of pump was just some few months which they could have benefited from their hodl.
USA for sure is the most intriguing here yet they really outstanding in other countries. I admire US country regulations about cryptocurrency or event Bitcoin. Even though there are lot of people against to them but in some parts, they are just doing their job for their people.
El Salvador 🇸🇻 remains the most Bitcoin-friendly country since they have the boldness to adopt Bitcoin in full force, we also have some countries that have pretty friendly cryptocurrency regulation policies and, we must be careful when we are making comparison between which countries is most
So far, the one who has the most daring to take steps to make a currency is El Salvador, but is the policy very friendly? I don't understand it properly. But they should indeed be easier and open with policies. Since the policy is determined by the country and does not have a definite guideline, I have never studied in detail each country. But I feel happy with the space that has been given in my country. They have given space and it has not been a crime that already makes me very happy.
I voted in the poll, and I’m the first one to vote. My vote is for the US because they are likely the reason Bitcoin reached $100k during the bull run. Remember, they approved the ETF this year, which was a huge milestone. It brought institutional investors into the market, and now total ETF holdings have already exceeded 1 million Bitcoins.
I agree with you on that, the total asset the US have invested in bitcoin is a Decent amoount in bitcoin, including the microstrategy investments. Which is done regularly this has increased the number of adoption in the state, making US to be top in bitcoin regulation. And as I see the vision of microstrategy, they will accumulate bitcoin till they Hodl over BTC1m Of satoshi nakamoto or even above, because their desire to buy and Hodl bitcoin is endless. They may even be the richest company in the future if they stick to this strategy. 
Yeah agreed. El salvador is the best so far able to grasp and understand what ar stake on proceeding as legal tender of bitcoin.
I reckon, El Salvador is the first one that came to my mind because they didn't just adopted Bitcoin as an asset and store of value with regulations but as a legal tender.
Yes, the OP should immediately remember El Salvador if you do read and know how bitcoin is adopted and which countries are very friendly with Bitcoin. I'm curious, why do you think so?
Do your own research about Slovenia and how far they have gone with crypto regulation. One of the most crypto-friendly countries in the EU. Yeah agreed. El salvador is the best so far able to grasp and understand what ar stake on proceeding as legal tender of bitcoin.
I reckon, El Salvador is the first one that came to my mind because they didn't just adopted Bitcoin as an asset and store of value with regulations but as a legal tender.
Yes, the OP should immediately remember El Salvador if you do read and know how bitcoin is adopted and which countries are very friendly with Bitcoin. Before other countries started accepting Bitcoin, El Salvador had already started to adopt it and buy some bitcoins for their reserves and now that the price of Bitcoin is rising, of course El Salvador is a wealthy country with the advantage of rising Bitcoin prices.
They could be an example of a country that is always optimistic and continues to buy bitcoin even though some moments in the past they have been underestimated for continuing to buy bitcoin and adopting it when the price of bitcoin falls below $20k.
But now they are proving that what they adopt and support can provide tremendous benefits.
Moreover, El Salvador also builds Bitcoin mining using geothermal energy produced by how many active mountains,
this is an advantage for El Salvador from other countries.
The polls you gave were too few and did not cover some of the countries that should be there. Moreover, countries that fully adopt bitcoin such as Elsalvador.
Yeah agreed. El salvador is the best so far able to grasp and understand what ar stake on proceeding as legal tender of bitcoin.I believe there are some country did the same as I saw it on X being shared I just forgotten the country's name.
Also Malta is one of the crypto friendly country which I am often see. I just wish my country can somehow be like this when it comes to some regulations. Maybe Asian countries can do the same if they only wanted to do so.
I remember this country. It's one of the friendliest countries to crypto before. They were the first to implement zero taxation for crypto companies. But then, I think UAE was able to take over that competition on that thing just recently. 
I voted in the poll, and I’m the first one to vote. My vote is for the US because they are likely the reason Bitcoin reached $100k during the bull run.
Definitely not the US in my opinion because of their capital gains tax rate which they charge a huge chunk of profits for both short and long term gains which is upto 37% and 20% respectively so I would say there are many countries with low tax rates or even none like UAE, Belarus and many such. But I do agree with the ETF which pushed the price of Bitcoin further by bringing in the institutional investors which is kind of good in short term but they are really going to take the opportunity from middle class to buy Bitcoin by making it scarce.
El Salvador 🇸🇻 remains the most Bitcoin-friendly country since they have the boldness to adopt Bitcoin in full force, we also have some countries that have pretty friendly cryptocurrency regulation policies and, we must be careful when we are making comparison between which countries is most cryptocurrency friendly Becassine this topic entails a lot of things.
In other not to make matters worse, we need to give it some time before we consider making such a list because Bitcoin adoption globally is about to take a new turn.
In other not to make matters worse, we need to give it some time before we consider making such a list because Bitcoin adoption globally is about to take a new turn.
El Salvador may be the first country to adopt bitcoin and make it a legal tender but their effect as a country in the economical scale will not be felt by this their bold step in bitcoin. Now that USA are going to have a bitcoin reserve and Trump already shown his interest in bitcoin and to make it more user friendly for the people of the United States, it sends a very strong message to the crypto world.
We have also seen how the impact of his love for bitcoin got bitcoin to be bullish and achieved a very big milestone within a very short time. In fact, it was the genesis of the bull run that triggered and bitcoin recorded a new all time high even though it was time for the bull run to take place. I know other countries will follow suit like USA, but since they’ve made the first move, they’ll be in the forefront of all of them, so my vote is for them.
Jump to: