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Topic: Which country is heaven for crypto traders and Exchangers? - page 3. (Read 484 times)

full member
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Many Countries have put restriction and banning crypto currencies. In this situation which country you think is supporting crypto currency activities? where Exchangers and traders have favorable environment.
Japan has been leading the campaign when it comes to countries that are cryto friendly. However, others like Sweden, Denmark, Finland, Singapore, Switzerland and Canada seems to have favourable conditions for the cryptocurrency.
legendary
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Many Countries have put restriction and banning crypto currencies. In this situation which country you think is supporting crypto currency activities? where Exchangers and traders have favorable environment.

Right now, the best ones seem to be Japan ad Switzerland, although I keep hearing that Australia is on a good track as well. I guess that overall, most developed countries are not closing doors to bitcoin, and are doing a decent job in terms of regulation. I just don't like the way some countries are taxing bitcoin, since they want to tax it as property, and that won't be good for bitcoin's goals.
sr. member
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Many Countries have put restriction and banning crypto currencies. In this situation which country you think is supporting crypto currency activities? where Exchangers and traders have favorable environment.

In my opinion every country with legalized cryptocurrency are heaven, because this is a very important issue that makes everything easy.

But if you are looking for the best country you must find place where taxes is the lowest
member
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Before, I would say that this is Belarus, but now I think that in Singapore today is a very good place, as Japan has lost a large number of projects that would have developed very well today in Japan, but still I think that they moved to Malta
full member
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Recently a lot were done for crypto in Malta, Belarus trying do the same. That's what I've heard. The situation is as for anything in crypto - stay in touch with last news
jr. member
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On the post-Soviet space I know one country, it is Belarus, in this country crypto-currencies mining and trading is officially allowed. I'm not sure that this is a paradise, but at least there you can safely deal with crypto business
member
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It depends if you want to be millionaire in FIAT, if this is the case go to Netherland tax on crypto is less than 2%, after that Denmark, Sweden, Finland . But some research need to be made  Wink

Denmark is Number 1 without any Cryptocurrency tax, whatever you make is your’s.
Nerherlands comes in on 2nd position, very liw tax but still more than in Denmark
Switzerland: aims to be the crypto country N1 in Europe and overall considered by crypto friendly
full member
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For me its Japan because I think crypto currency originate from them, I know they are strict when it come to local exchange but it fits for them as a heaven for crypto traders and exchangers.
hero member
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I think these countries now do not exist and will not exist. The ideal country is where this activity is legal and not taxed. None of the existing states (from developed countries) can establish such conditions.
full member
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3 monthes ago I listened than Republic of Belarus implement 0% taxes for incomes in cryptocurrencies. But few days ago Belarus applies mandatory varification for cryptotraderes
member
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It depends if you want to be millionaire in FIAT, if this is the case go to Netherland tax on crypto is less than 2%, after that Denmark, Sweden, Finland . But some research need to be made  Wink
copper member
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I am from Lagos(Nigeria) and there is no any restrictions for crypto,no taxes,no goverment control or something like this.We have our national  world -wide famous exchange NairaEx and you dont need to be veryfied there.So everybody with your crypto welcome to my country!
Exchanging between coins from exchange on your country is actually fine but the issue will take place when trying to withdraw the fiat through the same exchange. Transactions taking place from Nigeria might cause a lot of red flags and people may have to deal with a lot of unnecessary and unwanted issues.
newbie
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I see singapore and hong kong as two paradise for traders
member
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Undoubtedly the most favorable country is Belarus! In this country all conditions for development are created!
member
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For me it is the country which doesnt have any regulation,restrictions for the cryptocurrencies,country which has good support from the community.I wont be wasting my time and effort if my country does have a lot of regulations because you wont enjoy the benefit of having cryptocurrencies just like china is,totally banned any acitivities with connections in cryptocurrencies.
full member
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Of course this is Switzerland. I saw the image of this giant glowing Bitcoin on the wall of Schweizerische Nationalbank in the twitter. Have you seen this 2 days ago? On all economic points this is the most loyal place for investors and developers, well, except the Silicon Valley. You can read more on the link.
https://www.newsbtc.com/2018/04/30/publicity-stunt-sees-bitcoin-logo-projected-on-swiss-bank-in-zurich/
hero member
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Obviously Japan, however, they are very strict about their local exchanges. The most friendly to crypto exchanges for me is Malta that's why Binance and OKEX. And they are now passing 3 bills that most likely will attract more ICO projects and trading platforms to go there. And then there is also the Baltic Tigers who are also slowing gaining some grounds as far as being friendlies. My point is, crypto is slowly gaining some grounds and if there are countries being harsh on it, there are also nations who chooses to sit on the opposite end and take advantage of being a safe haven for all things related to crypto.
sr. member
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Many Countries have put restriction and banning crypto currencies. In this situation which country you think is supporting crypto currency activities? where Exchangers and traders have favorable environment.
as far as the information I heard I only heard about Japan, Singapure and Russia are very friendly with Bitcoin and people who are involved in Bitcoin... CMIIW  Grin
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The Island of Malta, Singapore and Switzerland are the few ones I've seen. Venezuela is also embracing cryptocurrencies in a bid to boost their petro. In some time to come, we may realize that these countries will be at the forefront of technology if other countries still criticise it. Blockchain has brought a lot of innovation to the way we do things.
hero member
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i think malta is a heaven for crypto enthusiast. https://www.bloomberg.com/news/articles/2018-04-23/how-malta-became-a-hub-of-the-cryptocurrency-world-quicktake
the biggest exchanger in the world, binance move to malta because this country is very welcome with anything that contains cryptocurrency
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