I think the countries with the best Bitcoin-friendly laws and the matter of privacy can lead to different answers. El Salvador is the most Bitcoin-friendly country, but people largely use Chivo wallet (which is custodial, so it's a point against privacy) for actual usage of Bitcoin as payment. They do have taxes, but there's a loophole from what I've read that allows not paying them. I'm not sure it's legit, though.
But as for privacy, countries that don't regulate Bitcoin are likely to allow for more privacy (because there are not KYC legislative requirements).
Topic: what countries have the best / most privacy fiendly bitcoin laws? (Read 583 times)
June 08, 2022, 04:38:31 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
For sure, it is not my country 
Moreover, the exchange should be also under the regulation of one of our governmental institutions, so bad
That's why I wonder which country allows it. Moreover, many exchanges will require KYC for certain requirements, especially for withdrawing. We may be able to deposit or trade without KYC, but when going to withdraw, KYS is a must or we cannot even withdraw our own assets there.
June 08, 2022, 04:09:31 PM
KYC are really needed on decentralized exchanges to keep away criminals to launder money on their platform. If you really want to be completely anonymous in buying bitcoin, there is something what they call OTC or over-the-counter trading or exchange. You find someone that will sell you bitcoin, meet on a certain place which often happens in a casino then do the trade there. Whales often do those kind of stuff to prevent huge movement from the market.
Whales will also not carelessly make OTC trades, because OTC trading also requires guaranteed security from the OTC broker or dealer organizer. OTC trading is a trade for a large number of transactions so it is also risky to not find a guaranteed broker. for the cost is lower and without using KYC.Trading OTC without any intermediaries is also risky for our own safety, because transactions here involve a lot of money.
June 08, 2022, 03:49:43 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
i dont think that country ask of cryptocurrency KYC before comment of cryptocurrency transaction, from my experience and what i notice in the cryptocurrency for countries that does no allowed or permit cryptocurrency transaction to be verified. Is that you won't buy cryptocurrency with your country credit card neither debit card, KYC is meant or good and being done to exchange who trade a cryptocurrency of different names, and with the hope of having cryptocurrency KYC verification in the exchange. The trust will be clear to be patterned with. Because they can locate you with your informations and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
June 08, 2022, 03:02:23 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
I think it's not about countries but it's about the exchanges. All centralized exchange requires a kyc but some of them are not mandatory but users can continue using them anonymously on lower limits. If you want full privacy then use decentralized exchanges as they are the real ones that don't ask for a kyc whether you are dealing with small or big amounts.and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
A decentralized exchange have no central authority so there's no need to set up a headquarters on some specific countries. It is not hard to buy btc anonymously as long as your country allowed it. There are countries where btc is accepted as a legal tender, they must be the best country only if they push decentralization.
June 08, 2022, 08:15:14 AM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
KYC are really needed on decentralized exchanges to keep away criminals to launder money on their platform. If you really want to be completely anonymous in buying bitcoin, there is something what they call OTC or over-the-counter trading or exchange. You find someone that will sell you bitcoin, meet on a certain place which often happens in a casino then do the trade there. Whales often do those kind of stuff to prevent huge movement from the market.
June 07, 2022, 11:57:00 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
Most of these exchanges will always ask for KYC from you in order to keep an eye on you and have no privacy at all.There are variations to level of documents they ask depending on the withdrawal limits like for small transaction they don't ask for some Centralised exchanges and for above that you have to go through these KYC norms so you see they all are in same basket. and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
June 07, 2022, 06:12:09 PM
As for now cryptocurrency friendly countries are El Salvador, Malta, Switzerland, Germany for different reasons. El Salvador have legalized the usage of bitcoin and have made it legal tender within the country. Malta is one of the earliest to have crypto laws that support establishing firms within the island country. Switzerland is much positive on cryptocurrency and have involved in different development program relative to cryptocurrency. People find it surprised to see Germany. But it is the country that taxed cryptocurrency before other countries. It also have a no tax policy which is for users who doesn't make profit above €600.
June 06, 2022, 10:52:23 AM
Wonder if anyone could open up a purely anonymous crypto exchange like ran on the tor network or something? Idk.
You can expect anonymous transactions if you trade with crypto>
June 06, 2022, 10:11:00 AM
It shouldn't be so hard to anonymously buy bitcoin.
Almost all markets require KYC to make purchases on their platform because later it will relate to Withdraw terms for fiat, maybe you can buy from other people through fiat transactions but transactions like this have big risks and you can use wallets like trust wallets to store BTC because the wallet without doing KYC to make transactions in it. June 04, 2022, 05:59:10 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
I do not think that there are countries which are lenient when it comes to transacting with cryptocurrencies and BTCs. On Asia itself, most of the exchanges require the submission of KYC documents for you to access their local exchange where you can exchange conveniently your BTCs/cryptocurrencies to cash.
In the Philippines, while our central bank has been silent with laws and implementations regarding the transacting with such, our main local exchange requires one to submit tons of KYC documents (e.g. ITRs, etc.). Though this may be the case, I do think that surrendering in this function is much more convenient and safer than to find someone for a p2p transaction.
June 04, 2022, 04:31:32 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
It's not about the countries, it's about the exchanges, they don't want to get in troubles, especially nowadays that more and more people buy bitcoins and cryptos. I think Bitfinex anyway doesn't require the KYC if you only deposit and withdraw cryptos, of course if you have to do something involving fiat then you need to go through the KYC process.
June 04, 2022, 03:04:53 PM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
It's not about the countries, it's about the exchanges, they don't want to get in troubles, especially nowadays that more and more people buy bitcoins and cryptos. I think Bitfinex anyway doesn't require the KYC if you only deposit and withdraw cryptos, of course if you have to do something involving fiat then you need to go through the KYC process. 
June 04, 2022, 08:51:12 AM
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
El-Savador and Central African Republic, this are the countries i can say of because they have adopted bitcoin as a legal tender, as for other countries that does not ban cryptocurrency payments and transactions, we cannot be sure if they require data privacy from centralized exchanges or not.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
this might be easier said than done because centralized exchanges can be identified eith thier location and registration details and they are not anonymous unlike decentralized exchanges,
It shouldn't be so hard to anonymously buy bitcoin.
yes but when only dealing with decentralize exchanges or you run your full node on the blockchain for maximum privacy and security to be achieved.
June 04, 2022, 05:58:53 AM
From times when ICOs were popular, I remember that a lot of projects were registered in Estonia or claimed they have an office there.
Estonia started to change its policy towards crypto business back there sometime in 2019, and this continues today in a direction that has become far more restrictive and demanding for any company that wants to do business in that country. The current geopolitical situation is not helping that country since it borders Russia, and all this uncertainty is not good for business.
Small but tech-mighty Estonia was one of Europe’s leading destinations for cryptocurrency companies.
But the Baltic nation is now getting tough on how it regulates its digital assets and will bring in new rules this month, which some say could deter Estonia’s thriving start-up scene.
Estonia’s new regulations mark a sharp U-turn for a country that has a population of just 1.3 million yet last year was home to more than half the world’s registered virtual-asset service providers (VASPs) last year.
The new rules, which begin on June 15, mean Estonian crypto companies will need to meet new transparency requirements; they can no longer have anonymous accounts and they must have a capital of at least €250,000
But the Baltic nation is now getting tough on how it regulates its digital assets and will bring in new rules this month, which some say could deter Estonia’s thriving start-up scene.
Estonia’s new regulations mark a sharp U-turn for a country that has a population of just 1.3 million yet last year was home to more than half the world’s registered virtual-asset service providers (VASPs) last year.
The new rules, which begin on June 15, mean Estonian crypto companies will need to meet new transparency requirements; they can no longer have anonymous accounts and they must have a capital of at least €250,000
June 03, 2022, 03:18:26 AM
From times when ICOs were popular, I remember that a lot of projects were registered in Estonia or claimed they have an office there. I am not 100% sure that Estonia is the best, but as a part of EU, crypto projects can be proud and claim that they are European crypto project, even though whole team is spread all around the world. Another reason might be the cost of company registration in Estonia. If it is cheap to register there, the laws could be also friendly enough.
June 03, 2022, 12:39:52 AM
The thing is, every time some centralized service touch Fiat currencies, it has to adhere to KYC/AML regulations. You can trade person to person on this forum via trusted Escrow services or you can find Bitcoin buyers & sellers locally, if you attend your local Bitcoin meetups. (Build a relationship with the people and start doing small trades)
The governments have been closing the loopholes on most P2P platforms ...and even Localbitcoins.com https://localbitcoins.com/guides/verification-guide have account verification now.
https://docs.bisq.network/getting-started.html Enjoy!
The governments have been closing the loopholes on most P2P platforms ...and even Localbitcoins.com https://localbitcoins.com/guides/verification-guide have account verification now.
https://docs.bisq.network/getting-started.html Enjoy!
June 02, 2022, 02:40:22 AM
Among all the countries I know none of them will allow their citizens to exchange or trade bitcoin without passing the KYC, in the words, doing the KYC and passing the required steps to provide your personal information is always necessary for the governments whenever you want to deal with their fiat currency. Because they in any country, they do have the right to know who is buying bitcoin and each person owns how much money, they claim the reason is to prevent crimes and money laundering.
Which countries dont ask for KYC for their citizens buying bitcoin on exchanges.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
and how come no exchanges have set up operations in those nations and gave a middle finger to the US and EU when asked to collect KYC on their exchanges?
It shouldn't be so hard to anonymously buy bitcoin.
There are couple of countries where crypto exchanges can leverage their privacy friendly laws, like Monaco, Panama, Curacao etc. You will see that majority of the crypto gambling companies are registered in Curacao for such friendly laws.
But I am not sure if any known crypto exchanges have started operating from these countries or not. If you want to buy bitcoin without revealing your identity, decentralized exchanges are here. You can use various swap providers or even some wallets come with such facilities where you don't need to provide kyc to buy bitcoins. A lot of options are already available.
When it comes to local exchanges, I don't know which one will not oblige you to pass your KYC because one of the requirements in order for you to withdraw or convert it to fiat is your identity they need to know your source of income may be due to some of the cases where they used bitcoins as propaganda for their evil scheme which their evolved version of Ponzi scheme which many of my fellow countrymen has fallen into. Back then they cannot trace the stolen money due to lack of information but now they seem to like doing their best to protect everyone but the downside is always there the identity verifications.
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