Topic: The top 5 countries are ‘paradise’ for cryptocurrencies (Read 693 times)

Some other countries are now embracing cryptocurrency and for those that gave not fully approved of it, their citizens have started investing in crypto and are gradually waiting for it to be adopted by their country as well.

Well they're not only countries, but there are also states in the United States which do not charge income tax, maybe they would be good? I don't know.

it is very small list, as I know Ukraine and Russia is crypto friendy and more over people can use crypto currencies as paying method

Crypto trading is welcomed by almost all of those country that are considered as developed as they understand the true power and worth of technology. Bitcoin is the future of money. Majority is still unaware of it and only a small portion of world population is investing in digital currencies. These are the people who will become rich in future without doing any hard work. Such supporting countries are also important for prosperity of new technologies.

Thanks to sharing nice Info no doubt Malta is on top and as per my knowledge the Binance exchange is also now handled from malta and many more. Russia and the rest of Europe are also a good future for crypto trading.

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto-friendly? Please list

I agree, most crypto related companies are transferring their HQ in Switzerland because they welcome such innovation.

I dont know why its not on the list of OP.

Netherlands - there are also start-ups in this country that are quietly building their infrastructures or network.

I haven't seen Portugal in your list. As far as I know they have zero tax on cryptocurrencies? Please correct me if I'm wrong.

Indeed all these countries are pioneering the cryptocurrency movement and they will surely gain some economic traction thanks to this, but in order for a foreigner to profit from this he either has to move to obe of the countries listed or create a business there. In either cases there are some complex procedures to follow that might not be suitable for everyone.

Nice list, have a merit on me

I would add Canada  to my personal list
-Excellent electricity rates, some of the best in the world
-Pro crypto government (tho the banks are still old fools)
-Awesome BTC exchange rate

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list