Most crypto-friendly economies in the world - page 2.

Cryptock

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Quote from: TheWolf666 on August 05, 2022, 03:37:22 AM

Dubai in UAE is the best place, 0% taxation for companies.
Guess why it is not in the list!

France number 5 with 60% taxes on gains? That must be a joke.

Dubai has laws for their resident and Arab counties don't give residence to the people that easily
Those which take great taxes are almost providing the same to the people. Mostly people rush to Canada.

Smack That Ace

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Quote from: Bitstar_coin on August 03, 2022, 03:16:02 PM

Since when did USA and Germany became so crypto friendly that they ranked first and second in this list! if this is really the case then am suppose crypto community in this two countries should be happy with the current crypto stand in these country.
And how come El Salvador is not among this countries? is this list authentic or what! how is that even possible that a country who legalize btc as legal tender is not anywhere around the top ten! i guess the criteria to for determining this is different. Very interesting list.

My question is the same as yours: why can't El Salvador be among the top 10? El Salvador ranks 35th below Russia, which has just re-enacted a ban on the use of cryptocurrencies in payments. Looking at the chart above, it seems that they are only focusing on developing countries and countries with large economies. I do not trust the reliability of this ranking.
https://www.engadget.com/putin-law-prohibiting-crypto-payments-russia-125015139.html#:~:text=People%20in%20Russia%20will%20soon,pay%20for%20goods%20and%20services.

TheWolf666

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Dubai in UAE is the best place, 0% taxation for companies.
Guess why it is not in the list!

France number 5 with 60% taxes on gains? That must be a joke.

Bitstar_coin

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Since when did USA and Germany became so crypto friendly that they ranked first and second in this list! if this is really the case then am suppose crypto community in this two countries should be happy with the current crypto stand in these country.
And how come El Salvador is not among this countries? is this list authentic or what! how is that even possible that a country who legalize btc as legal tender is not anywhere around the top ten! i guess the criteria to for determining this is different. Very interesting list.

lixer

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Quote from: Lambe Ndumble on August 03, 2022, 02:30:06 AM

In my opinion Australia is the most friendly country with Cryptocurrencies, as evidenced by many big projects from Doge until now from Australia, maybe the market capitalization is still under other countries but Crypto users in Australia continue to increase.

How come when Australia is only ranked as top 4 according on the op's list? Although if we look on the detailed stats. The first few countries in the list had some smaller score (value's) as when compared to Australia but some numbers on Australia are also lower than the others. I think that can make sense on why Australia can't be on the top or first in the list. And so what if there are a lot of doge coin projects from this country?

I think that is not so proudful as we know dogecoin is being hated by the many but id be more happier to know that fact if the coin that we are talking about are bitcoin, ethereum or even other top coins as long as it's not a meme coin.

Lambe Ndumble

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Quote from: Symmetrick on July 15, 2022, 06:19:04 PM

A new report from Coincub has been released, which identified the leading countries in the crypto world and the most crypto-friendly economies in the world.
Full report here: Q2 2022 Global Crypto Ranking: Germany goes head to head with the USA

At the moment, the top 10 most crypto-friendly countries:

Germany
USA
Singapore
Australia
Switzerland
France
Netherlands
Portugal
Canada
Hong Kong

According to the report, America lost its lead in the second quarter of 2022 for the following reasons:

Quote

Holding the USA back was a somewhat ‘state-by-state’ approach to legislation and regulation, with a largely uncoordinated anti-money laundering strategy. This looks to be changing and the Biden measures, if fully implemented, will provide wider safeguards to restrict and prevent fraud

Comparison table of the top 10 countries, based on data for the 1st and 2nd quarter of 2022:

In my opinion Australia is the most friendly country with Cryptocurrencies, as evidenced by many big projects from Doge until now from Australia, maybe the market capitalization is still under other countries but Crypto users in Australia continue to increase.

dansus021

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Quote from: jrrsparkles on July 16, 2022, 11:18:40 AM

But they are yet to implement any regulations at all just like lot other countries so they have been excluded from the list

Im from Indonesia but there is a regulation about crypto here and all crypto-related controlled by bappebti. but i think there is not much data to gather around in here so it not counted in the list

Doan9269

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Quote from: Symmetrick on July 15, 2022, 06:19:04 PM

the top 10 most crypto-friendly countries:

Germany
USA
Singapore
Australia
Switzerland
France
Netherlands
Portugal
Canada
Hong Kong

i thought i could see even one of African countries here on the list but to my surprise none was been mentioned, we have at least Central African Republic as a country that has even adopted bitcoin as a legal tender but sometimes reports may not be accurate base on the sources, i see USA as well here on the list being a surprise to me because US is one of the regions that has been having it hard with bitcoin over some time now.

Anonylz

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I am not familiar with Germany's stand on crypto-related matters but to see USA as the second most crypto-friendly country spot is quite shocking to be honest, this list has put countries like El Salvador, and UAE which usually come among the top crypto-friendly countries far behind. Am still not sure what is the basis of the criteria in this selection, I don't know how USA happens to be in the second spot. Shocked

RealMalatesta

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Quote from: inthelongrun on August 01, 2022, 06:57:55 AM

The source has zero to low data in Latin America, Africa, many parts of eastern Europe, and most of Asia though. So it's more like a ranking of the most crypto-friendly countries in the west and some few countries on other continents. And who will miss El Salvador and the Central African Republic? These two countries would probably top in a world ranking considering both countries already recognized bitcoin as a currency.

That is mainly because they do not think those nations to be big enough to be even mentioned. Source is giving out names that would be big names, if you look at it then you will realize that there is no El Salvador, the one nation that made bitcoin a legal tender and you think that doesn't make it crypto-friendly? Of course, it does but they left them out. Which shows you that the list is wrong from the start, just even with that fact.

But, if we are talking about something bigger than it means that we will not be making any kind of decisions based on anything on this source anyway, it will not be like "oh let’s take a look at this list and move there because it's crypto friendly".

Cryptock

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Quote from: KennyR on July 31, 2022, 06:49:16 PM

Quote from: Cryptock on July 31, 2022, 06:41:59 PM

Quote from: amishmanish on July 29, 2022, 12:14:37 PM

I think south Korea also deserve place in the list South Koreans are pushing crypto adoption strongly. LG of South Korea announced that they will launch TV which will have crypto trade capability,

The developed countries are the most crypto friendly

Developed countries always wants them to be connected to the technology advancement. This is where cryptocurrency usage is seen much on developed countries. Another thing people are well educated to understand the reality of cryptocurrencies than just falling for scams. The governments seems to be supportive in regulation, because the contribution from cryptocurrencies were that disturbing to the economy.

there are authorities which really want their countries to progress. And they put an effort to it.
It is the need of the time to adopt change - otherwise stagnant water too gets smelly likewise stagnant community disappears.

inthelongrun

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The source has zero to low data in Latin America, Africa, many parts of eastern Europe, and most of Asia though. So it's more like a ranking of the most crypto-friendly countries in the west and some few countries on other continents. And who will miss El Salvador and the Central African Republic? These two countries would probably top in a world ranking considering both countries already recognized bitcoin as a currency.

Captain Corporate

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We already established that this list is not a correct one. Sure it poses as one but we all know that it is not and there must be some data missing. However, that doesn't change the fact that we just named maybe like 20 nations on a top 10 list for which to be better served there. This shows that we are not going to end up with something short, its going to be quite powerful for the crypto world. If we have this many nations trying to be at the top, that means bitcoin adoption and crypto-friendly nation counts are going up. This in return means that crypto will be doing a lot better for the near future, and probably long future if nothing changes.

KennyR

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Quote from: Cryptock on July 31, 2022, 06:41:59 PM

Quote from: amishmanish on July 29, 2022, 12:14:37 PM

I think south Korea also deserve place in the list South Koreans are pushing crypto adoption strongly. LG of South Korea announced that they will launch TV which will have crypto trade capability,

The developed countries are the most crypto friendly

Developed countries always wants them to be connected to the technology advancement. This is where cryptocurrency usage is seen much on developed countries. Another thing people are well educated to understand the reality of cryptocurrencies than just falling for scams. The governments seems to be supportive in regulation, because the contribution from cryptocurrencies were that disturbing to the economy.

Cryptock

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Quote from: amishmanish on July 29, 2022, 12:14:37 PM

I think south Korea also deserve place in the list South Koreans are pushing crypto adoption strongly. LG of South Korea announced that they will launch TV which will have crypto trade capability,

The developed countries are the most crypto friendly
because they accept the change and modern changes brought to benefit the people of that country - those who stick to the old rule never progress.

DrBeer

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As far as I understand, this rating does not speak about "the depth of penetration of cryptocurrency as a means of payment in a particular country", but is a kind of integral indicator, not "depth" but "width" of acceptance of blockchain technology as such, including cryptocurrencies, more precisely, their freedom of circulation. But first of all, this rating is still about the laws governing the work with this technology, about maintaining law and order when using cryptocurrencies as an asset acceptable for market relations, about wide support in various areas of life and the economy. Here it is impossible to “one-sidedly” evaluate “whether crypto is accepted or not” at the supermarket checkout, this cannot be a real and qualitative indicator of the overall picture of the country’s acceptance of blockchain technology and cryptocurrencies.

KingsDen

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Quote from: Maestro75 on July 24, 2022, 06:31:11 PM

Quote from: Rruchi man on July 16, 2022, 09:01:38 AM

It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa. I feel we could have been higher up in the list with our very high crypto involvement had our government not made the environment less friendly with unnecessary regulations and sanctions threatened for those involved in crypto. Not for so long though, i believe that in a couple years, a new government must have take power and hopefully a better favourably crypto environment will flourish, Nigeria should be amongst the first twenty.

Me too I felt a bit disappointed also to find out that Nigeria was not among the top 10 on the list. The reason you gave is correct. Anti crypto activities of the prevent Nigeria government is a minus to us crypto lovers in the country. We have the trading volume and can be rated high on that but the friendly aspect if government to cryptos is what has dealt with us.

I have checked the whole list and understood that I could only recognise two African countries in the list of 56 countries. You don't have to blame your leaders or anyone. There are no strick rules or regulations about crypto in African countries than as it is in some states in US. What happens is that the media is always biased when it comes to Africa. They would always want to position African and her countries to always remain the minority, uneducated and uncivilised as it is seen and thought by the highly controlled media.

decodx

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Quote from: Frankolala on July 28, 2022, 03:16:46 PM

Germany is the first country in ranking because crpto currency is tax free and they also encourage private inveatorrs to keep their currency profit .

This is not entirely true.

Quote from: https://cointaxlist.com/blog/how-does-germany-taxes-crypto-is-it-really-tax-free

At a personal level, profits regarding cryptocurrencies are tax-free if the total profit generated from private sales transactions in the calendar year was less than 600 Euros and sales of cryptocurrencies held over a year are tax exempt in Germany.

This means that all profits from crypto investments over EUR 600 per year are subject to Personal Income Tax, which has progressive income tax rates ranging from 14% to 45%.

molsewid

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Quote from: laredo7mm on July 29, 2022, 12:22:48 PM

It will be beneficial to know how many peoples are using crypto from every country. This will show us the percentage of adoption in that respective country. I know some county where crypto is not officially legal but many people are using it. I know there is some data in the internet that shows India has the largest users in the crypto world but it looks totally incorrect to me.

It could be but it is kinda impossible to get the number because we all know that they use crypto because they want to create transactions without others knowing it. And maybe because their country might have the highest crypto users but does their country already accepted it? In my country many people used crypto in different ways but it is not legal in here and even not legal they are afraid to do more transactions because our government will jail them by not paying taxes.

kryptqnick

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I don't know this website, so my trust to the report is quite low. Germany allowed Bitcoin investments, okay. Is it enough to become #1? And US, where due to the sell tax you're basically expected to pay taxes each time you sell BTC for fiat, no matter how low the sum, is #2? Ukraine is very low, even though it's a very crypto-friendly country where many use cryptos for all sorts of purposes, taxation isn't enforced because cryptos aren't fully regulated, and where even the government on the highest levels is accepting crypto donations. And then there's El Salvador, obviously the most crypto-friendly country in the world because Bitcoin is legal tender there and the state is very pro-Bitcoin, and yet it's #35.

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