Topic: Most supportive cryptocurrency countries. - page 4. (Read 3679 times)
Japan's economy is very closed. So they can afford such experiments. It seems to me that the attitude towards bitcoin in Japan, largely due to the mentality of the Japanese nation. They are mostly law-abiding and therefore, the legalization of bitcoin in Japan only increases the income of the Treasury. What works in Japan will not necessarily have success in Europe or America.
I don't think russia is supportive and I rarely heard scandinavian countries doing it also but Japan is unarguable the most supportive so far because all people around the world knows that Japanese people are very discipline snd their government knows that bitcoin or crypto will not be abused.
Ok. So for the past two months, everyday, I have been reading cryptocurrency news from all around the world. (mostly from news.bitcoin and cointelegraph) and I has summed up my top three over-all supportive and progressive crypto-communities (not just the legal factor). [Feel free to disagree with me or correct my words]
not in any order
DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.
1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.
2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.
3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.
not in any order
DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.
1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.
2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.
3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.
This is sad less that a month after this thread was started Russia seems like not that supportive to crypto currency anymore or Bitcoin perhaps. It seems that Russia wants to have their own crypto currency and remove their competition from it.
I think most of the supportive countries " in terms of not being vocal about governing the coin" will be the country in Asia. South East Asia + Japan. Bitcoin is already widely used from this countries but you won't hear any negative news about it from these countries.
Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.
Why Japan?
As I know Japan already legalize bitcoin so it means that they fully support bitcoin in any transaction.
By seeing bitcoin value , there are some significant amount of demand that increase so it will attract more country that still not support bitcoin yet.
Imagine if all country legalize bitcoin ...
Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.
Why Japan?
Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.
Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)
Swiss banks reports are only about foreigner's private accounts but did not report about accounts of local firms, even if shareholders is foreigners. As well as Swiss Tax Authority (Steuerverwaltung) don't know about opened accounts in domestic banks (still no exchange in Switzerland).
This is a huge advantage )
And taxes in Zug or Schwytz is extremely low
Noted.
Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)
Swiss banks reports are only about foreigner's private accounts but did not report about accounts of local firms, even if shareholders is foreigners. As well as Swiss Tax Authority (Steuerverwaltung) don't know about opened accounts in domestic banks (still no exchange in Switzerland).
This is a huge advantage )
And taxes in Zug or Schwytz is extremely low
There does not seem to be a hill-of-beans difference between the US and Japan.
Sure, Japan ended their extra 8% tax on crypto, but they tax just like most countries. Regulations abound, just like the US. In fact, they have one of the highest tax rates on earth, for high earners.
And Canada? High taxes, regulations.
Denmark is also a high tax country. It was recently ranked in the US as if it were a state. It came in 49th of 50, for income, services etc.
Sweden is also a high tax socialistic paradise.
Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)
I've yet to find a single Scandinavian country that has less taxes than the US or Japan.
Much of SE Asia is up-in-the-air. Yes, you might find a good place to use/store your crypto. But they might also advise your .gov about said use/storage.
If you live in Russia, India, China or similar, you might want to consider paying your taxes or using CryptoNote based coins or some low profile crypto. (I think India is thinking hard about the CryptoNotes. And they seem to have more guts about telling their crooked .gov types to screw themselves. Go India! Take your country back! Fat chance, right?)
But then there is the problem of a windfall and you wanting to now spend your millions afterwards.
I don't think our .govs will necessarily like the fact that anyone hid their trading for years, before they made it big.
You'd have some explaining to do when you buy that castle in the Bahamas.
Even if you skip town, spend your secret crypto's on some island paradise, they will come. It's a prison-planet, in that respect -- at least in the US. They send their goons abroad to nab those evil people trying to keep their own money.
Meanwhile, the IRS (in the US) throws lavish parties for their agents in fancy hotels and gives them bonuses for nabbing the hard working/investor types, whilst millions of fraud occurs and they do nothing.
(Sorry, I'm ranting now. It just pisses me off.)
What we need is a new country with some balls and enough might to protect its interests. Or remake an old country...but that is dangerous to even talk about, right?
Sure, Japan ended their extra 8% tax on crypto, but they tax just like most countries. Regulations abound, just like the US. In fact, they have one of the highest tax rates on earth, for high earners.
And Canada? High taxes, regulations.
Denmark is also a high tax country. It was recently ranked in the US as if it were a state. It came in 49th of 50, for income, services etc.
Sweden is also a high tax socialistic paradise.
Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)
I've yet to find a single Scandinavian country that has less taxes than the US or Japan.
Much of SE Asia is up-in-the-air. Yes, you might find a good place to use/store your crypto. But they might also advise your .gov about said use/storage.
If you live in Russia, India, China or similar, you might want to consider paying your taxes or using CryptoNote based coins or some low profile crypto. (I think India is thinking hard about the CryptoNotes. And they seem to have more guts about telling their crooked .gov types to screw themselves. Go India! Take your country back! Fat chance, right?)
But then there is the problem of a windfall and you wanting to now spend your millions afterwards.
I don't think our .govs will necessarily like the fact that anyone hid their trading for years, before they made it big.
You'd have some explaining to do when you buy that castle in the Bahamas.
Even if you skip town, spend your secret crypto's on some island paradise, they will come. It's a prison-planet, in that respect -- at least in the US. They send their goons abroad to nab those evil people trying to keep their own money.
Meanwhile, the IRS (in the US) throws lavish parties for their agents in fancy hotels and gives them bonuses for nabbing the hard working/investor types, whilst millions of fraud occurs and they do nothing.
(Sorry, I'm ranting now. It just pisses me off.)
What we need is a new country with some balls and enough might to protect its interests. Or remake an old country...but that is dangerous to even talk about, right?
As far as I know from an article,JAPAN,SCANDIVIAN COUNTRIES and RUSSIA are the most supportive cryptocurrency countries.But to me,JAPAN is the number one supportive country for cryptocurrency./b]
Agree. If you closely look those other countries that accept bitcoin or trading cryptos, they are still having hesitations and they are still thinking whether to ban it or not. Only Japan is the country that totally qualifies in the most supportive country.
How is blockchain in Asia.
https://cointelegraph.com/news/how-is-blockchain-in-asia-blockshow-meetup-conclusions
https://cointelegraph.com/news/how-is-blockchain-in-asia-blockshow-meetup-conclusions
As the crackdown on cryptocurrency continues in China, research and development is running full steam ahead in Hong Kong.
https://www.ethnews.com/hong-kong-financial-services-is-exploring-a-blockchain-powered-trade-financing-system
https://www.ethnews.com/hong-kong-financial-services-is-exploring-a-blockchain-powered-trade-financing-system
Japan’s Blockchain Industry Report
http://news.8btc.com/fenbushi-capital-japans-blockchain-industry-report
http://news.8btc.com/fenbushi-capital-japans-blockchain-industry-report
As far as I know from an article,JAPAN,SCANDIVIAN COUNTRIES and RUSSIA are the most supportive cryptocurrency countries.But to me,JAPAN is the number one supportive country for cryptocurrency./b]
Agree. If you closely look those other countries that accept bitcoin or trading cryptos, they are still having hesitations and they are still thinking whether to ban it or not. Only Japan is the country that totally qualifies in the most supportive country.
Germany? Any arguments? 
Do you know the taxes on income or profit in Germany?
Haven't checked it yet, but certainly gonna do it
Germany? Any arguments?
Do you know the taxes on income or profit in Germany?
Short reviews about cryptocurrencies and regulations in Japan, China, Vietnam, the UAE and the USA.
https://blog.bankex.org/what-do-you-know-about-the-government-regulations-on-cryptocurrencies-and-the-blockchain-technology-b42e4491bf37
https://blog.bankex.org/what-do-you-know-about-the-government-regulations-on-cryptocurrencies-and-the-blockchain-technology-b42e4491bf37
now Japan be number one (may be China is number one because of mining ) after china Asia countries then UAE , Germany , USA ,.....
Germany? Any arguments?
now Japan be number one (may be China is number one because of mining ) after china Asia countries then UAE , Germany , USA ,.....
Is anyone aware of any law firm or other entity doing a large survey of existing law/regulatory guidance around the world? I'm an attorney and I'm working on one and wondering where to publish it and if I am wasting my time. Thanks.
Likewise, if you have found and published anything in this regard, please share
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