yeah Nigeria is good enough for these purposes, but not for living there imho
Topic: Most favorable country for the crypto market (Read 327 times)
Crypto is very popular in Slovenia and there are many shops accepting crypto for every day purchases
Ok, I've tried Slovenia: As a foreigner, even with a legal residency, you can't even open a bank account there! Except if you are a slave (=employee in Slovenia) or old people (=receive a pension). So no point of thinking about this country.
What about Estonia? They were always open and positive for cryptocurrency. Lots of projects are registered exactly in Estonia.
There are a lot of institutions, that offer quick and easy registrations and getting license. Everything is transparent. Everyone can work "white", declare part of income (full transaction history is not checked) and sleep calmly.
There are a lot of institutions, that offer quick and easy registrations and getting license. Everything is transparent. Everyone can work "white", declare part of income (full transaction history is not checked) and sleep calmly.
Since i live in indonesia 
to me my country itself its fine with cryptocurrency, but in here you can using crypto for buying goods or everday transcatin but trading bitcoin in here is legal when the company have government license. Although binance.com is currently banned because that license.
to me my country itself its fine with cryptocurrency, but in here you can using crypto for buying goods or everday transcatin but trading bitcoin in here is legal when the company have government license. Although binance.com is currently banned because that license. 
Unfortunately, there are no official statistics for the countries that prefer cryptocurrency, most countries do not give official data about this matter, and the statistics that you find on the Internet are unofficial and do not express the truth because they conduct a survey on a few segments of people on the Internet and this is not sufficient to give accurate data.
A while ago I saw a poll conducted by a company on the Internet and Nigeria was in first place, then Vietnam, the Philippines and Turkey in fourth place, but recently, the Turkish Central Bank banned cryptocurrencies, and this indicates that these statistics are inaccurate.
A while ago I saw a poll conducted by a company on the Internet and Nigeria was in first place, then Vietnam, the Philippines and Turkey in fourth place, but recently, the Turkish Central Bank banned cryptocurrencies, and this indicates that these statistics are inaccurate.
However you said the internet is not giving the information as it is about countries that are favourable to cryptocurrency , the internet is also telling us countries that are hostile to it and we also read and know some of these information ourselves. So we have to rely on the information on the internet and there are many of such information about countries that are favourable to cryptocurrency like this is one
https://blog.sagipl.com/legality-of-cryptocurrency-by-country/
If we don't rely on the information we get from the internet, we can be bereaved of knowledge. The internet gives both news, the favourable and hostile and we can also see these by ourselves. Therefore, we can't throwaway everything we read on the internet, there is a little truth in every rumour and we know there are some source that are near reality of situation that are reported on the internet or they are exactly the fact.
Which country do you think is the most favorable for the crypto market & its policy?
It depends if you are speaking as individual or as a company, but in general Portugal is very friendly for bitcoiners, there are no taxes so far for holding crypto and I know some people from US who moved and live there now.
Crypto is very popular in Slovenia and there are many shops accepting crypto for every day purchases, Switzerland is nice and they have crypto valley canton of Zug, and Malta is also good because there have low taxes and good crypto regulations.
Yes this seems to be correct.
Personally I am seriously considering a move to Portugal in the future based on the
culture, weather and Crypto Tax Regulations.
In Europe there are indeed very friendly countries for us Bitcoiners, Portugal, Switzerland
and Malta being the top 3, Germany a close 4th.
this article has a good write up on various countries > https://www.bitrates.com/news/p/bitcoin-betting-and-crypto-taxation-in-the-eu-and-around-the-world
Quote from: Portugal
“In 2016, the Portuguese Tax Authority (PTA) ruled that all crypto transactions will be free from capital gains and income tax.”
Quote from: Switzerland
“in Switzerland, the exchange of cryptocurrencies is considered the same as traditional payment transactions. According to the Swiss Federal Tax Administration, all profits and losses from crypto transactions made by individuals are exempt from tax reporting.”
Unfortunately, there are no official statistics for the countries that prefer cryptocurrency, most countries do not give official data about this matter, and the statistics that you find on the Internet are unofficial and do not express the truth because they conduct a survey on a few segments of people on the Internet and this is not sufficient to give accurate data.
A while ago I saw a poll conducted by a company on the Internet and Nigeria was in first place, then Vietnam, the Philippines and Turkey in fourth place, but recently, the Turkish Central Bank banned cryptocurrencies, and this indicates that these statistics are inaccurate.
A while ago I saw a poll conducted by a company on the Internet and Nigeria was in first place, then Vietnam, the Philippines and Turkey in fourth place, but recently, the Turkish Central Bank banned cryptocurrencies, and this indicates that these statistics are inaccurate.
I might be a little biased here but I am nominating my country the Philippines, I have been on the scene for a long time now and the least I have to worry when I sell my bitcoin is the network fees and the transaction fee of payment apps that I use but besides that all the money that I get are intact and no taxes to worry, we also have a high tax bracket so you can get a lot of money and not worry about taxes.
You might mislead the members here by saying this statement that you don't pay taxes in the Philippines but in fact they do have one as gains from cryptocurrencies fall under capital gains tax and if you earn them as a payment for a service or any kind of good it will be eligible for income tax. I have a feeling that you think that earnings from crypto don't have taxes in the Philippines as they barely put any kind of attention to the industry aside from that they barely have any kind of enforcement except for regulating local crypto wallets and exchanges. Philippines for me is a "friendly" country in terms of legality for cryptocurrencies but they aren't the type that attracts foreign investors because they support it.
I might be a little biased here but I am nominating my country the Philippines, I have been on the scene for a long time now and the least I have to worry when I sell my bitcoin is the network fees and the transaction fee of payment apps that I use but besides that all the money that I get are intact and no taxes to worry, we also have a high tax bracket so you can get a lot of money and not worry about taxes.
I live in the Russian Federation and I think that everything is going pretty well here. There are no strict restrictions, soon it will be possible to declare income and pay some 13% as ordinary income tax and, as they say, "sleep well." I think it will be attractive for many who are involved in cryptocurrency. After such changes, free circulation will begin and I think in a year or two it will be possible to pay with cryptocurrency in every cafe or restaurant.
Most favorable country for the crypto market is no country
We should do like Binance does: no HQ no taxes...
There's a rumor that says that Binance employees are being paid in BNB pre-tax and then it's their responsibility to declare their earnings in their respective country.
Interesting uh?
We should do like Binance does: no HQ no taxes...
There's a rumor that says that Binance employees are being paid in BNB pre-tax and then it's their responsibility to declare their earnings in their respective country.
Interesting uh?
Which country do you think is the most favorable for the crypto market & its policy?
It depends if you are speaking as individual or as a company, but in general Portugal is very friendly for bitcoiners, there are no taxes so far for holding crypto and I know some people from US who moved and live there now.
Crypto is very popular in Slovenia and there are many shops accepting crypto for every day purchases, Switzerland is nice and they have crypto valley canton of Zug, and Malta is also good because there have low taxes and good crypto regulations.
It's good to see these countries are favorable to crypto but do they have protected it through law and regulated it?
Every country is favourable unless they have put blanket ban but to me the most favourable coutry is the one that accept btc an currency.
Any country where operations and cryptocurrency turnover are not prohibited will do. It's another matter if you decide to move permanently to this country, completely different questions arise. After all, one thing is permission for citizens of the country, another thing is for foreign citizens. If you are going to do business related to the turnover and use of cryptocurrency, it is worth studying the local legislation on this issue, in particular for foreigners.
The card does not deceive, the best tax regulation in Russia.
Special tax regimes allow you to pay taxes at a rate of 4% or 6%.
Although most citizens use the shadow market and exchange cryptocurrencies for fiat.
Very cheap electricity and great opportunities for building mining plants.
Special tax regimes allow you to pay taxes at a rate of 4% or 6%.
Although most citizens use the shadow market and exchange cryptocurrencies for fiat.
Very cheap electricity and great opportunities for building mining plants.
Argentina and Venezuela aren't on the list?
About Venezuela, I've watched people that were interviewed living there. Despite they are into crypto and making a living out of it through mining since energy/electricity is cheap there.Crypto isn't that welcomed by the authorities there. That's why as they mine, they're hiding in the authorities and as much as they can, they're not telling anyone that they mine or making profits through crypto.
If you are looking for some world map of countries with specific tax regulations and you want to see details for each country than check out this website to find more information.
There are main classification in Favourable and Unfavorable tax regulation, Neutral tax regulation, Implicit/Explicit bans and for grey area there are no clear regulations.
https://cryptocurrency-tax.info/
There are main classification in Favourable and Unfavorable tax regulation, Neutral tax regulation, Implicit/Explicit bans and for grey area there are no clear regulations.
https://cryptocurrency-tax.info/
I wouldn't recommend this website nor any kind of website related to any crypto legality map as it is highly inaccurate. At dkbit98's link you will see that Germany has a "unfavorable" classification while in real life Germany has one of the best tax exemptions out there for crypto hodlers.
Quote from: https://www.winheller.com/en/banking-finance-and-insurance-law/bitcoin-trading/bitcoin-and-tax.html
For tax purposes, the classification as an object of speculation means that capital gains are completely tax-exempt after a holding period of at least one year.
Now I don't know how the exact classification system of that website works but a tax exemption for capital gains related to crypto is something not unfavorable in how I look at it. Other inaccuracies I see is still China is still viewed as being unfriendly to cryptocurrencies when in fact most of the mining hash rate is in that country and they have a big volume being contributed by their own crypto exchanges. Bottomline is I wouldn't recommend these kinds of websites/images as they aren't updated or is providing misinformation most of the time.
Clicking on each country will give you more information, but please note that I can't confirm if all data is accurate and up to date so you need to check on local websites for confirmation.
If you are an individual, then I would not worry about Ukraine, since as far as I know most of the real economy of this country is the shadow economy ... in the sense that people do not trust banks and do not believe in tax transparency. It is for this reason that, I think, for about 20 more years, you can not worry about real crypto regulation in this country, (that is why I would mark this country in dark blue on the map). Not even mentioning that, the political system is so controversial that I would not be surprised that Binance lawyers had a hand in the recent proposed cryptocurrency regulation bill. 
If you are looking for some world map of countries with specific tax regulations and you want to see details for each country than check out this website to find more information.
There are main classification in Favourable and Unfavorable tax regulation, Neutral tax regulation, Implicit/Explicit bans and for grey area there are no clear regulations.
Clicking on each country will give you more information, but please note that I can't confirm if all data is accurate and up to date so you need to check on local websites for confirmation.
https://cryptocurrency-tax.info/
There are main classification in Favourable and Unfavorable tax regulation, Neutral tax regulation, Implicit/Explicit bans and for grey area there are no clear regulations.
Clicking on each country will give you more information, but please note that I can't confirm if all data is accurate and up to date so you need to check on local websites for confirmation.
https://cryptocurrency-tax.info/
Which country do you think is the most favorable for the crypto market & its policy?
In addition to the above comments, you'll find a few more from here: The Crypto Enthusiast’s Dream: Top Countries That Tick All the Boxes- Some of the policies and the regulations might've changed since it was published but for the most part, they should be accurate.
Upon having a short googling I found out that the most country that commonly used cryptocurrency is Nigeria, how this will come as I heard they banned any merchants or exchanges that associated with cryptocurrencies especially Bitcoin. But why not in Switzerland? 
https://i.imgur.com/3NVMvBe.png
Source
Based on the description of the survey, I think the results might be slightly off since the type of respondents [not sure how random they were] directly affects the end results. https://i.imgur.com/3NVMvBe.png
Source
Upon having a short googling I found out that the most country that commonly used cryptocurrency is Nigeria, how this will come as I heard they banned any merchants or exchanges that associated with cryptocurrencies especially Bitcoin. But why not in Switzerland?
If I am not mistaken, Nigeria is the country with the biggest population in Africa - 210,178,123 according to wordometer. Switzerland just has 8,703,198 peopleAlso, MLMs, Ponzi and pyramid schemes seem to be so rife in Nigeria and most probably need members to make and receive payments in cryptocurrecies.
3rd world countries have the advantages and freedom and mostly they don't have regulations yet regarding crypto.
Exactly and we're a part of that country, it's been regulated here by our Central bank as a form of alternative payment which means consider as a currency. Jump to: