Topic: Most crypto friendly countries in Europe (Read 940 times)

If possible I add Switzerland and Germany are also open to cryptocurrency.
Both countries are always successful for ICO and I like that.

My signature is also the ICO from Germany.

I heard that one of the most friendly country for now is Belarus because no taxes until January 1, 2023
One of the most worst should be Poland for taxes everywhere even better is in China I guess

Right. Europe is a large economy. Countries in Europe are very friendly with electronic money. They allow electronic money to operate. Banks accept electronic payments. Investors are very interested in this virtual world.

If you believe the statements of Buterin, then this is Europe and London.

Almost all European countries are really friendly to cryptocurrencies, but there is also a dark side, since it seems that the government of the country has announced that they are not against cryptocurrencies, but on the other hand, banks and other similar financial institutions are not in a hurry to lend a helping hand to cryptocurrencies.

Above is not a complete list of countries. The government also introduced digital economy is present in Singapore, in Gibraltar, in Uzbekistan.

I think the two countries, like Russia, were formerly under the communist regime. They have a lot of corrupt officials, in addition to many companies that have previously been tax evasion by using cryptocurrency, so before issuing the rules for crypto, I think they must ban it first.

Malta, Switzerland, Estonia, Belarus. You can come there and open projects. The government of these countries at least will not interfere.

That's right!
It is said that Europe is where the early technology of blockchain was developed there and Europe applied this technology the most in the world.

Yep, I also had read about this information and I totally agree with that statistic. Those are some of countries in Europe, where very welcome cryptocurrency. Because they know that the welcome will bring them lots of economic benefits

it is indeed like that because of the fact that there are so many ICOs from Estonia.
I like that because Estonia is the most ICO pioneer.

if I was in Estonia then I would be a full supporter of the ICO.

some countries approved the cryptocurrency but they would suddenly ban crypto in their country and that would affect crypto market conditions. when many countries approve the crypto, it cannot be a good indicator for crypto.

I hope that they will be able to sustain their view on crypto. We all know that every country is different when it comes to crypto currency. There are countries that tottaly ban bitcoin while there are other countries who embrace what crypto has to offer. I also think that the countries mentioned are HOME for miners because of the cold weather.

From what I have perused in the net I would state that the purpose behind the vast majority of the nations to be crypto-accommodating is that they see some chance to pull in new financial specialists and collect some extra cash. Slovenia and Georgia in various positions with regards to economy, however I trust them two still need a great deal of venture. So now the nations with stable economy are watchful with crypto, yet the G20 meeting demonstrated that there are certain points of view. Everyone expected terrible news from G20, however this didn't occur

Man, many of these countries are happy to deal with Bitcoin and the other cryptocurrencies. I know that Great Britain is #1 on this list. The others are Denmark, Estonia, Sweden, Finland and the Netherlands.

the only thing I can say is that Russia is a disgusting country for cryptocurrency. just awful. they do not want to develop cryptocurrency. it's forbidden ! you can not officially trade and earn it.it's terrible.

Switzerland
Switzerland crypto friendly map

Because of their history with all things related to finances and banks, it’s no surprise to see Switzerland embracing cryptocurrency.

Switzerland has become something of a tax-haven for all things cryptocurrency, as many major blockchain organizations have started setting up their headquarters there. Simply put, the reason Switzerland is considered such a great place for businesses is because of the country’s regulations and tax-free approach.

Switzerland is a very attractive place for both, ICO issuers and investors, since cryptocurrency is considered neither money nor a foreign currency. In Switzerland, cryptocurrencies are considered an asset for capital gains (CGT) purposes. Meaning, this only applies to people who are considered professional day traders. Under regulatory guidelines, ICOs are treated as securities in Switzerland.


Denmark
Denmark Crypto Friendly map

Denmark,  like Switzerland, has a relatively more “hands-off” approach when it comes to cryptocurrency.

With a 0% tax on cryptocurrencies altogether, Denmark doesn’t recognize them as legal tender and as a result, this makes them exempt from regulations. While the Danish government doesn’t seem to be a firm believer in crypto coins, as evident by them releasing several warnings regarding the speculative nature of it, Danish citizens are still left to enjoy a 0% tax on their profits at the end of the day - making Denmark an ideal place to be trading cryptocurrency in.


Estonia
Estonia Crypto Friendly Map
Estonia, where Skype was originally made, has always been a tech-friendly country and welcomed new innovations whenever possible. So, it’s no wonder to see them adapt cryptocurrency and other related tech so quickly. Whether it be their government adopting blockchain technology to make sure all networks, systems, and data are free of compromise or them launching their own countrywide, Ethereum-based token - the “Estcoin” (making them the first country to launch an ICO), this Baltic state has become one of the many booming destinations for all things cryptocurrency and blockchain.

If all of this sounds appealing and you don’t want to miss out despite not being Estonian, what you can do is become an Estonian e-resident, and enjoy benefits such as having access to international payment service providers, digitally signing documents, declaring your taxes online and more. If you want to keep an eye out for exciting crypto-related startups, Estonia is definitely a place you might want to be watching.

 

Slovenia
Slovenia Crypto Friendly map

Slovenia - the country with the biggest civil support for Bitcoin in the world now has an active public organization “Bitcoin Association” and may very well be on its path to become the Silicon Valley of Europe.

Slovenia seems to have it all: plans for blockchain in the Development Strategy for the Information Society until 2020, a strong sense of Bitcoin culture in the community (9 Bitcoin ATMs as well as the largest bitcoin exchanges and marketplaces in the country), reputable business communities with over 300 companies (including international ones), that promote and use decentralized technologies and blockchain, and more. This year, Slovenia is planning to host the international Blockchain & Bitcoin Conference for the first time which will include presentations by the president of “Bitcoin Association” in Slovenia, large U.S. blockchain consultancy agencies and more.

 

Georgia
Georgia country crypto map

Probably the most unexpected pick in a list of most crypto-friendly countries. But surprisingly enough, this small country in the middle of the Caucasus has a lot going for it when it comes to cryptocurrency.

In particular, it is one of the three countries with the largest amount of Bitcoin miners (among China and the U.S.), is home to one of the largest mining and blockchain solution companies: BitFury (among other big mining companies like Ambit), and generally has a very strong sense of crypto culture that is growing by the day.

ICOs and cryptocurrency startups in Georgia also enjoy the benefit of being in a Tax Free Zone, meaning, they have to deal with less bureaucracy, are exempt from taxes (as the name implies), gain further free trade opportunities and more. This incentive is huge and really helps further develop the cryptocurrency industry in Georgia.

Adding on to the above benefits, another reason behind Georgia’s success in the crypto world has to do with their cheap electricity (0.05-0.06$ per kW/h.), the source of green energy (80% of electricity in the country is produced from hydropower plants), and overall just having a blockchain and mining-friendly environment and regulations. Though the country is relatively small, its potential in the crypto world is not.

Yes, i agree. Switzerland is most crypto friendly countrie in Europe. I observe that most of ico from these countries. I would add to this list also Belarus

It's certainly very popular nowadays. Surprisingly a lot of people know about it, and not just bitcoin.

I think this is true because a cousin of mine is living in a Europian country and said that Botcoin is actually a topic to almost everyone in their work.