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.As a newbie, I still recommend buying bitcoin as the best option. If you really want to make money long term in the market, don't look at the price in the short term. The price of bitcoin has increased many times since 2013 and many people think that bitcoin will not be able to rise anymore and is no longer as profitable as altcoins. This is a common mistake.
, 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.
Topic: Most crypto-friendly economies in the world - page 3. (Read 726 times)
I don't believe this list to be fair. It's basically a list of first world nations and all that, always rich nations.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.
You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.
You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.
The richest nations will always be the best nations for private enterprise, but I'd agree that the list seems skewed towards wealthy nations.
These nations are also the countries that are restricting crypto growth through high taxes and stringent regulations. Hong Kong is under Chinese control, probably won't stay crypto friendly for long. The U.S. is looking to add regulations to their crypto market, they won't stay on top for long either.
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,
Of course, as crypto continues to grow and gain mainstream acceptance, as well as meet increasingly interested governments and regulatory frameworks, this list may change as there are still many crypto-friendly countries.
and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.
The more developed the countries are the more adaptable they are towards the change, benefiting people. and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.
Our country is not crypto friendly and that is one of the reason we are still a developed country.And there is no chance of being a crypto friendly country anytime sooner.
Of course, as crypto continues to grow and gain mainstream acceptance, as well as meet increasingly interested governments and regulatory frameworks, this list may change as there are still many crypto-friendly countries.
and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.
and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.
- Germany
- USA
- Singapore
- Australia
- Switzerland
- France
- Netherlands
- Portugal
- Canada
- Hong Kong
El salvador didn't make the cut despite them structuring a high percentage of their future economic plans around BTC.
United states is #2? Big surprise.
The philippines, nigeria and other emerging nations who do not tax crypto under capital gains are not listed as high as they should be. Disappointing.
Hong kong made the top 10, when it may soon be integrated into china who outright banned crypto.
Australia, canada and france in the top 10. I think canada outright banned purchase of crypto in the country. Australia and france may not be far behind with their AML regulation.
Interesting list to say the least.
I hope no one follows this list if they plan to move to a foreign country.
Germany is the first country in ranking because crpto currency is tax free and they also encourage private inveatorrs to keep their currency profit .
Apart from this Germany is one of country which has the most Bit coin nodes but am still surprised though.
Apart from this Germany is one of country which has the most Bit coin nodes but am still surprised though.
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 are 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 of the government to cryptos is what has dealt with us.
Yes, Nigeria is emerging and developing when it comes to crypto adaption so I believe that they deserve a higher spot despite the negative aspects that are pulling it down. Nigeria is actually more advanced and even has a higher number of traders compared to other Asian countries. Their involvement in crypto investment has a huge percentage compared to others.
The country I live is not very adaptive of the change. And that is why people are frustrated and try to move to the countries as mentioned in OP
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 are 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 of the government to cryptos is what has dealt with us.
Yes, Nigeria is emerging and developing when it comes to crypto adaption so I believe that they deserve a higher spot despite the negative aspects that are pulling it down. Nigeria is actually more advanced and even has a higher number of traders compared to other Asian countries. Their involvement in crypto investment has a huge percentage compared to others.
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.
They should have perhaps included another variable in their study.
It is their right to decide with which methodology they will conduct the research, as well as in which countries they will conduct it, so it is possible that some countries will not be on the list at all because they have no data for them.
I have bought at BTCATMs in parts of Europe. Switzerland and Austria have very friendly BTCATMs, in that there is no KYC for smaller amounts (250 euro for Austria, IIRC), and there are lots of the machines in those two countries. I have not been to Poland, but coinatmradar.com shows a lot of machines there as well.
This is just proof that countries within the EU implement laws differently when it comes to KYC and AMLD. It is obvious that the degree of development of society and corruption and crime rates play a role in such decisions.
Germany, on the other hand, has a very low number of BTCATMs. The UK used to have a lot, but their regulations have strangled that.
And this is a country where you pay 0% tax if you sell crypto 1 year after purchase, so it would be logical that people are more interested in such an investment. The UK is an indicator that everything can change literally overnight, and this can happen in any country when the authorities change the rules of the game.
The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol.
The research obviously had some other criteria than that Bitcoin is legal tender in a country as an important feature when it comes to the status of a crypto-friendly country. Obviously, more focus is being devoted to the overall status according to crypto laws and adaptation, probably also security when it comes to investing.
There is no data for my country at all, although in any case it could be considered quite crypto-friendly considering the number of physical crypto exchanges without KYC for amounts up to even 2000 EUR per transaction, 0% tax if you sell crypto 2 years after purchase and the fact that you can buy almost anything you can imagine with Bitcoin (online).
They should have perhaps included another variable in their study.
I have bought at BTCATMs in parts of Europe. Switzerland and Austria have very friendly BTCATMs, in that there is no KYC for smaller amounts (250 euro for Austria, IIRC), and there are lots of the machines in those two countries. I have not been to Poland, but coinatmradar.com shows a lot of machines there as well.
Germany, on the other hand, has a very low number of BTCATMs. The UK used to have a lot, but their regulations have strangled that.
I don't believe this list to be fair. It's basically a list of first world nations and all that, always rich nations.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.
You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.
You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.
It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa.
Since in the whole ranking there are only two countries, I don't see the nice part at all.
The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol. The fact they're encourage more Bitcoin adoption since their government already suggest people to use Bitcoin and their wallet, also all businessman already accept Bitcoin as an alternative payment.
Because when you do a ranking you don't just laser eyes, bukele buy the dip and that's all, you need the complete environment for it.
If Salvador was so bitcoin-friendly and much more than any other country, can you please let us know what major companies have moved from Europe and US to Salvador in order to take advantage of this friendliness?
Since the answer is, none, you have your own answer there as well.
Anyhow, now that Adolf Putler has signed the ban on crypto as payments for goods and services, does it mean we have a new number 56, instead of 17?
i'm a little surprised why Indonesia is not included in this list? even though most people here have started investing a lot in cryptocurrencies, even at the end of this year the central bank here plans to issue crypto trading regulations because more and more people are transacting using crypto.
But they are yet to implement any regulations at all just like lot other countries so they have been excluded from the list, its surprising to see El Salvador at 35 but its the country which accepted bitcoin as a legal tender and it seems the only country which regulated in that way. Anyway this gives some insight that governments are adopting to the system and make the potential out of it.yeah I think that's a strong reason why Indonesia is not included in the list ... but according to Gemini, Indonesia is one of the countries with the largest number of crypto adopters in the world, you can see it in this article https://jakartaglobe.id/business/indonesia-enjoys-the-highest-crypto-adoption-rate-worldwide-study
I am not sure if that is the list by its number and dominance or its just randomly placed but I do feel that Switzerland will top all countries soon considering they are famous for their Swiss account and money laundering. Lolz. The Swiss must making huge plans for the same and will surprise us sooner or later. ;-)
I dint know Germany is also crypto friendly. Its interesting. USA is really mixed one and messed up one considering they are having some countries with opposite thoughts with crypto and some are way friendly!
I dint know Germany is also crypto friendly. Its interesting. USA is really mixed one and messed up one considering they are having some countries with opposite thoughts with crypto and some are way friendly!
The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol.
The research obviously had some other criteria than that Bitcoin is legal tender in a country as an important feature when it comes to the status of a crypto-friendly country. Obviously, more focus is being devoted to the overall status according to crypto laws and adaptation, probably also security when it comes to investing.
There is no data for my country at all, although in any case it could be considered quite crypto-friendly considering the number of physical crypto exchanges without KYC for amounts up to even 2000 EUR per transaction, 0% tax if you sell crypto 2 years after purchase and the fact that you can buy almost anything you can imagine with Bitcoin (online).
The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol. The fact they're encourage more Bitcoin adoption since their government already suggest people to use Bitcoin and their wallet, also all businessman already accept Bitcoin as an alternative payment. If those both countries aren't friendly to crypto, there's no way in the hell they will accept as legal tender.
El Salvador makes a good regulations with regards to Bitcoin adoption, its just that this topic tackles every field starting from the regulations up to the adoption of people and using it from day to day basis. The countries on a top list are very friendly since many establishments acknowledge Cryptocurrency and in El Salvador, they are just starting with this one. My country is not on the list as well but I can tell that we are also a crypto friendly, its just that many people are still hesitant to adopt.
I'm also surprised that Japan isn't on the list even though they are one of the most advance country in terms of technology. But I think criteria for choosing crypto-friendly economy on OP is for countries where their government acknowledge the use crypto as a form currency or investment and people there are more educated about it. Even if the country that we live is not on the list, the OP is already a good start that other countries will adopt cryptocurrencies soon.
South Korea too, but it's good that at least two Southeast Asian country made it to the list as they are trying to become a hub at least in the region.
As for Germany, no surprise, since 2017- there have been an explosion, online merchants accepting crypto, Bitcoin ATM numbers multiplying and others. Portugal and France though, I haven't heard any news coming from them as far as being crypto friendlies, but I might be wrong.
El Salvador makes a good regulations with regards to Bitcoin adoption, its just that this topic tackles every field starting from the regulations up to the adoption of people and using it from day to day basis. The countries on a top list are very friendly since many establishments acknowledge Cryptocurrency and in El Salvador, they are just starting with this one. My country is not on the list as well but I can tell that we are also a crypto friendly, its just that many people are still hesitant to adopt.
I'm also surprised that Japan isn't on the list even though they are one of the most advance country in terms of technology. But I think criteria for choosing crypto-friendly economy on OP is for countries where their government acknowledge the use crypto as a form currency or investment and people there are more educated about it. Even if the country that we live is not on the list, the OP is already a good start that other countries will adopt cryptocurrencies soon.
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