Topic: Which countries are more friendlier to crypto? (Read 3962 times)

Agree. It's relatively hard to establish a Bitcoin node, or use the cryptocurrency to its full potential within these countries. This applies specially to China, as it's one of the most restrictive countries in the world. Despite some governments being picky about crypto and Blockchain tech in general, they've seem to be changing their stance recently. This is because they've been studying/researching how Blockchain technology works and how it could benefit them in the future. Once they get the "hang of it", I'm sure that they'll be more open to crypto and Blockchain within the long term.

Right now, I would prefer most countries within the EU as they're more open to crypto than the US itself. A good example of this is the island of Malta which is extremely friendly towards crypto. Even Binance has established its operations there, as the country has very friendly regulations for crypto startups and companies. Despite this, other countries could improve their regulatory-stance over crypto as they study the trend more deeply. The US, being one of the most powerful countries in the world, has had a large impact on crypto's growth within the mainstream world. If it becomes extremely friendly towards crypto, it could prove to be highly beneficial for the Blockchain industry.

Nonetheless, there are more countries that are friendly towards crypto than we've thought there would be. Most countries within Asia and America have already opened their doors towards the growth and longevity of the Blockchain industry in general. It should only be a matter of time, before restrictive countries like India change their mind as they accept crypto as a legal form of payment. In short, countries like Japan, Malta, Singapore, US, and South Korea seem to be the most friendly ones towards crypto within the mainstream world. Just my opinion

In Southeast Asia, I know that singapore is a country that is cryptocurrency friendly. Because most projects in Southeast Asia are registered in Singapore.

Despite the restriction by some countries, there are still citizens of those countries who invest in cryptocurrency. Although, if they are to come out openly that they invest in crypto, there must be approval, so as to become accredited investors or VC private investors. Also, some of them can still have their ways around it, perhaps by staying put with their friends from other countries, who might help them in purchasing any coin of  their interest while selling might be an easy process, depending on the exchange the coin is listed.
There are citizens of countries like US and China, who have dual citizenship. Such people have might decide to use the documents for any of the country they belong to, that does not have such restriction for the investment.

You are a happy person to live in Indonesia then. here, cryptocurrencies are popular with the residents of our country, not with this government. I have some thought about going somewhere to Western Europe, to the places where BTC is welcomed. Germany is a good place, in my opinion. There are dozens of countries friendly to crypto, but I like this one.

China and America might be very popular with cryptocurrency and thus helped propagate the news worldwide but they are the toughest countries to run a node. The best cryptocurrency friendly countries are South Korea, Singapore, Vietnam, Malta and Estonia

I think it is vietnam. This is where traffic is top 5 in crypto, in this country, the government still has no crypto policy.

The president of the US may be against cryptocurrency, but most of the country is well supportive of the same. Everything will depend on US lawmakers as they devise laws that will allow the usage and growth of crypto within the US. So far, it's legal to use and support crypto as long as you pay your taxes and comply with the law. Comparing the US to other countries, it seems more strict than others. Still though, with proper regulatory guidance, the US could devise laws that will become as friendly as possible towards crypto.

Until that happens, Japan and Malta will be considered the most friendliest countries in the world towards crypto. Japan has been widely using crypto for a long time, where NEM has taken a large prominence there. On the other hand, Malta has been the home of Blockchain technology where most startups and companies (like Binance) have established their operations there.

In the end, more countries will begin accepting crypto as they realize their true benefits. Once they find a way to properly tax crypto, then they'll be sure to devise laws that'll benefit the whole ecosystem. Right now, China and India are not very friendly towards crypto but it could change over time. Anyhow, crypto will always prevail on oppressive countries because of its decentralized & distributed nature. Just my thoughts

China once made crypto popular with the high price of bitcoin at the time and made crypto well received by the public, somehow the Chinese government banned crypto in its country which made a significant price reduction. I myself don't know which country is the most friendly to crypto.

yes, we've see many good campaign from indonesia.and some of them get great success.i think there are many good developers come from this country, but unfortunately there is not support yet from its government.

Reports say that many countries are embracing cryptocurrency. But the latest development in cryptocurrency is sad. President Trump's statement against cryptocurrency, rumors of the US trying to ban cryptocurrency, India and China's move to ban cryptocurrency are scary. But I think cryptocurrency will be adopted by all of them ultimately.   

indonesia have big crypto community if compared with another developted countries.but in regulation maybe singapore still one step a head.many projects based on this country due to their government regulation.in indonesia crowdfunding based on crypto projects still restricted by Financial Services Authority.

Indonesia maybe, I'm from Indonesia and we are very welcome with crypto. We love crypto and love all things about it. We found it promising and can give us some easy money from airdrop, trading, or investment such as ICO or IEO.

Philippines is a friendly country to crypto, I heard that more and more shops are accepting bitcoin as a payment I think it's around Manila,
Also we can pay bills using bitcoin in coinsph app, the government is not restricting the use of bitcoin and in fact one of the senators in Philippines is an investor of a crypto project, pacman.

Well I know a lot of projects come from Indonesia. There are many good projects and great dev, I believe in the future. In Southeast Asia, Indonesia will support really good cryptocurrency like singapor is doing

I heard that Belarus has a good bill on cryptocurrency legalization until 2023. However, it will be difficult to create a project there due to strict regulatory conditions. And since there is allowed the exchange, even the transfer of inheritance.

I read some blog and crypto news that Australia and Canada are crypto friendly country. They are open minded to accept and adopt new environment like crypto that's why I am not surprised that they are so progressive country. But US and China one of the most rich country all over the world are against in crypto and continue to publish it to discourage people about crypto because I think the main reason of this is crypto can affect their economy and business because in using crypto all transactions will be online so it can affect in so many aspect in their industry.

I think Japan is currently one of the most friendly countries to cryptocurrency. They have already formed legislation, many exchanges legally established in Japan have long been working on the market. All that the participants of the Japan crypto market need to do in order not to have problems with the law is to pay established taxes

Beautiful topic. I mean China does not want to take it positively. Japan is now a manufacturer of it. Japan can be a manufacturing center.

A country friendly with Bitcoin, I think Indonesia and Japan. In Indonesia today Cryptocurrency is very popular and exchanges like Indodax have licensed. So in Indonesia, the development of Cryptocurrency is very fast and can be a good solution to reduce the unemployment rate.

I actually prefer America, but because Trump as president is less positive than Cryptocurrency, so I agree with Japan. In this country Cryptocurrency, both BTC and Alt, is officially legal and can be used as a legitimate payment instrument. there are many retailers that accept payments using Crypto, and companies that hire employees with Crypto. If Japan wants to make their own crytpocurrency, I think it's easy because many local banks are ready to support