Topic: Which country is heaven for crypto traders and Exchangers? (Read 476 times)

If we speak about Asian countries, it is Japan of course. When you mean the Middle East, this paradise is in the United Arab Emirates. Go to America, and find it in the USA. European best place is Germany.

There is no doubt that Japan is a paradise for cryptocurrencies. Where can you not only participate in the cryptocurrency transactions, but also get more news and reports about the cryptocurrency market!

I see Singapore is a suitable place for this. There's more of course country Japan which everyone knows the home is good enough for crypto. many of the ICO was born from Singapore and some of it was quite successful. for the exchange of trade and I am sure it is a suitable place among other Nations. from the European side naturally there are Swiss and Russian are also a great many also gave rise to ICO and is a fairly well known in some big ICO.

Thanks for this thread. I thought South Korea and China are good supporters of crypto but there are still few more. I often see Estonia-based and Singapore-based ICOs, too. As what I've read, European countries are majority.

Korea, Singapore, Malta, Gibraltar and Estonia are countries that continue to support cryptocurrency.
Then they also always make ICOs for making tokens and Exchange.

For me I think Malta lead the way, gibratar is one to considered also and most of these carebian Islands. But IMO I think it does not matter where you are trading from because mostof the traders in the crypto space are from Asia, once you are pating tax on your profits I think you are good to go.

Singapore
Korea
Japan
Estonia
Bulgaria
Switzerland
German
Russia

Many Cryptocurreny and Exchanges are from other countries and have a central government office in Singapore.
Like Quoine or Qryptos Exchange originating from Japan but its head office in Singapore.

I think these countries now do not exist and will not exist. The ideal country is where the activity is legal and tax free. No current status (from developed countries) can establish such conditions.

I think it is Japan, because Japan already supports cryptocurrency, and there are many stores that support bitcoin payments. Japan trades all the big trading volume, and the government does not restrict trading freedom.

Switzerland, as far as I know, welcomes Bitcoin and other cryptocurrencies. Also, it is home to some of the best cryptocurrency and blockchain companies in the world such as ShapeShift and Xapo.

other than japan and singapore, those countries that have very strong political governments like usa russia and china are harsh on cryptos.  they dont like to lose control over what its citizens can hold. usually those in 3rd world countries where government are not aware of cryptos or dont even care, these are heaven.  some developed nations in europe are also friendly to cryptos, like switzerland and denmark.

Singapore and Japan is the country that most good in terms of crypto. even Japan is home to mainly crypto itself is located. Crypto in Japan just as much as a regular activity that has already become a routine transaction for everyone there. even countries will also support it and also utilize it to earn a profit for their country of incorporation.

I think these two countries are most beneficial to cryptocurrency traders. First, all countries that have not yet begun to regulate cryptocurrencies, such as Ukraine, the Philippines, and countries that begin to recognize and accept cryptocurrencies, such as the United States, Denmark, and Sweden. Netherlands, Finland, as for which country is better, then take your own ideas.

Turkey is a good country to evaluate crypto-earned money in the money market Crypto. Your crypto money can translate cash into dollars. Turkey also 1 dollar = 4.60 Turkish liras.

You can easily spend in real life when you convert dollars into dollars in the virtual money market. If you want to use Crypto most valuable form of currency in Turkey it is very logical for it. Because1 dollar = 4.75 Turkish lira.

Remittance companies have started to use and mine bitcoins on a large scale that certainly have a significant impact on bitcoin values. The current use of cryptocurrency still requires an official license from the government so that it can be used properly as a transaction tool. 52% of small exchanges and 35% of large exchanges already have government license, while the rest have no official license from the government. It is expected that in the future rules and regulations concerning bitcoin can be completely regulated so that no one feels harmed.

Switzerland
Because of their history with all things related to finances and banks, it’s no surprise to see Switzerland embracing cryptocurrency.

Switzerland has become something of a tax-haven for all things cryptocurrency, as many major blockchain organizations have started setting up their headquarters there. Simply put, the reason Switzerland is considered such a great place for businesses is because of the country’s regulations and tax-free approach.

Denmark
Denmark,  like Switzerland, has a relatively more “hands-off” approach when it comes to cryptocurrency.

With a 0% tax on cryptocurrencies altogether, Denmark doesn’t recognize them as legal tender and as a result, this makes them exempt from regulations. While the Danish government doesn’t seem to be a firm believer in crypto coins, as evident by them releasing several warnings regarding the speculative nature of it, Danish citizens are still left to enjoy a 0% tax on their profits at the end of the day - making Denmark an ideal place to be trading cryptocurrency in.


Estonia

Estonia, where Skype was originally made, has always been a tech-friendly country and welcomed new innovations whenever possible. So, it’s no wonder to see them adapt cryptocurrency and other related tech so quickly. Whether it be their government adopting blockchain technology to make sure all networks, systems, and data are free of compromise or them launching their own countrywide, Ethereum-based token - the “Estcoin” (making them the first country to launch an ICO), this Baltic state has become one of the many booming destinations for all things cryptocurrency and blockchain.

Slovenia
Slovenia - the country with the biggest civil support for Bitcoin in the world now has an active public organization “Bitcoin Association” and may very well be on its path to become the Silicon Valley of Europe.

Slovenia seems to have it all: plans for blockchain in the Development Strategy for the Information Society until 2020, a strong sense of Bitcoin culture in the community (9 Bitcoin ATMs as well as the largest bitcoin exchanges and marketplaces in the country), reputable business communities with over 300 companies (including international ones), that promote and use decentralized technologies and blockchain, and more. This year, Slovenia is planning to host the international Blockchain & Bitcoin Conference for the first time which will include presentations by the president of “Bitcoin Association” in Slovenia, large U.S. blockchain consultancy agencies and more.

 
Georgia

In particular, it is one of the three countries with the largest amount of Bitcoin miners (among China and the U.S.), is home to one of the largest mining and blockchain solution companies: BitFury (among other big mining companies like Ambit), and generally has a very strong sense of crypto culture that is growing by the day.

ICOs and cryptocurrency startups in Georgia also enjoy the benefit of being in a Tax Free Zone, meaning, they have to deal with less bureaucracy, are exempt from taxes (as the name implies), gain further free trade opportunities and more. This incentive is huge and really helps further develop the cryptocurrency industry in Georgia.

Actually, it is not many, just some of the countries in the world. However, I'm sure that in fact, many other countries are still supporting the cryptocurrency, its exchange, market, and also usage. Some countries in Europe are also very kind and fond of the crypto. They welcome crypto very well. It may add the good news about the crypto.

Malta, of course.
Malta now has excellent policies that have attracted most of the world's exchanges and project teams.

I believe that Japan and Switzerland are the best countries for traders and exchangers. It seems to me that these countries now have the best laws for crypto, and the technology in these countries is very well developed.