Topic: Which country to Immigrate for making fortune in crypto currency - page 2. (Read 518 times)
From starting itself japan would support cryptocurrency, and they allowed the people to use cryptocurrency with some limits. It creates some rules and regulations to use crypto in their country. Japan is very supportive to blockchain technology. People in japan are also supports and develop new technologies. Some othet countries also now accept bitcoin. Countries such as Singapore, Switzerland, United Kingdom, Belarus. These countries are recently accepted cryptocurrencies.
Japan legalised the crypta not so long ago,but they are changing the rules for exchanges and businesses towards more stringent control
some exchanges announced that they consider moving to a different country,so it is not all milk and honey
some exchanges announced that they consider moving to a different country,so it is not all milk and honey
Japan has forced through certain measures concerning exchanges, but we can only be happy with that since they are responsible for maintaining billions of funds in a secure manner, which Coincheck didn't really manage to do considering that they lost $500 million in funds due to a "hack". There is really nothing that justifies an exchange to have $500 million in crypto assets sitting in a hot wallet. Even worse is the fact that it was just one coin, so imagine how much value they had sitting in all their hot wallets at that point. I am happy with stricter rules, because these "hacks" will very likely occur less in the future.
but if you do have alot of money or a cryptorelated business,Japan or Switzerland are the best choices,IMHO
Japan's crypto related capital gains peak at 55% which might not necessarily be a smart move in case you are a deep pocket trader.
Tokyo is just one part of Japan and I think its cheaper then London now not sure. Japan overall has a declining population and likely they need growth in their working population for continued success. In theory it shouldnt be a bad place to locate however I dont believe its easy to learn or to integrate exactly and there is a long history of Japan being isolated.
I only know of one friend who moved there and its mostly because he is married to a Japanese woman which probably makes a massive difference. Not sure Im clever enough to learn a language like this late in life but my friend teaches English as a job now. (it takes more then money)
this thread is ridiculous. for 200,000 dollars i probably wouldn't move to a town 10 miles away i didn't like, let alone a 100% alien country that's also backwards and repressive.
there are some real cheapskates out there happy to ruin their life to save a little bit of money.
well there is also Puerto Rico which is US territory not a state and is tax free of federal income taxes for US citizens. Quite a few from crypto community operate here now apparently
I only know of one friend who moved there and its mostly because he is married to a Japanese woman which probably makes a massive difference. Not sure Im clever enough to learn a language like this late in life but my friend teaches English as a job now. (it takes more then money)
I wouldn't choose any former soviet union country for a place of permanent residency. Many of them, including Belarus, use different alphabet and have their own local currencies. I'd describe most of those currencies as weak and not the best stores of value.
this thread is ridiculous. for 200,000 dollars i probably wouldn't move to a town 10 miles away i didn't like, let alone a 100% alien country that's also backwards and repressive.
there are some real cheapskates out there happy to ruin their life to save a little bit of money.
well there is also Puerto Rico which is US territory not a state and is tax free of federal income taxes for US citizens. Quite a few from crypto community operate here now apparently
Hello Crypto Currency Experts,
Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
The major point to realise here is the profits you have already occured. Its possible the taxman will not recognise you moving after the fact. Going forward you would not pay taxes on your gains after moving to the tax free area but to realise profits from an old holding of Bitcoin, this might still be liable. Speak to a professional accountant is probably best Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
I would either go to Switzerland or Japan if I have that amount of money to withdraw or made profit. Because both of these countries are crypto-friendly and I highly doubt you will have problems making transactions or whatsoever in this country for as long as its not illegal.
both countries are VERY expensive to live in
Switzerland and Japan are among top 5 countries in the world, you got to have a steady income to live there
Tokyo topped the most expensive capitals of the world list for several years in a row
Japan legalised the crypta not so long ago,but they are changing the rules for exchanges and businesses towards more stringent control
some exchanges announced that they consider moving to a different country,so it is not all milk and honey
but if you do have alot of money or a cryptorelated business,Japan or Switzerland are the best choices,IMHO
I would either go to Switzerland or Japan if I have that amount of money to withdraw or made profit. Because both of these countries are crypto-friendly and I highly doubt you will have problems making transactions or whatsoever in this country for as long as its not illegal.
One of the countries you can go is Switzerland because they are now heavily supporting the crypto currencies after the Japan but I don't think you need to migrate country to withdraw your money you can ask one of your frnd to convert it and send it to your bank account so simple and $200K is not big amount so you can pay taxes to use legally in your country itself.
Hello Crypto Currency Experts,
Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
If to immigrate that to Singapore.
The high standard of living, large financial center, warm climate and understanding that the technology of a blockchain and all cryptovolute is the future. Yes they try to regulate the market, but at the same time don't press on holders of cryptocurrency and don't forbid a crypt turn in the country.
You can open e-citizenship of Estonia via the Internet. This country is loyal to the use of cryptocurrencies. You register a legal entity in Estonia and you can even help your friends exchange cryptocurrencies for Fiat. Thanks to the Internet we do not need to travel to different countries. You just need to set a goal and study the question.
it is called e-residency,not e-citizenship by the way
e-residency is not related to citizenship and does not give the right to physically enter or reside in Estonia
it is often mistaken for the legal acceptance of all cryptocurrencies in Estonia,which is not exactly true
this is more about online enterpreneurs doing regular business with Paypal and Payoneer as payment processors
you can read more about it here|: https://e-resident.gov.ee/
or here: https://en.wikipedia.org/wiki/E-Residency_of_Estonia
As for me the real question isn't that the country does not allow you to withdrawal the money to a bank, it can be avoided but how to legalize the money you get from crypto to make some valuable purchases without paying ridiculous amount of taxes. Maybe if some countries wanted to gain more citizens or just become crypto heaven they could adhere the tax free crypto policy. Maybe some wealthy people would have gone there and spend their money in that countries 
April 23, 2018, 06:47:35 PM
When I migrate I will definitely do and choose the Japanese state as my goal, because I understand that Japan is very supportive in technology and especially is Blockchain technology, and also supports crypto.
You do realize that Japan has a pretty steep taxation policy for the top earners, right? If your profits exceed the $365,000 equivalent point, you are subject to a 55% tax rate over your profits.People are all very supportive of technology and everything around it, but are people actually willing to accept being subject to these tax schemes? I would definitely visit Japan, but not completely move over.
I am mostly a hodler only, where I do some occasional trading, but I don't mind discarding the trading aspect to solely keep hodling. I just need to figure out what country doesn't specifically tax wealth every year.
I find that to be a horrible aspect of the greedy nature of governments. Why am I supposed to pay tax over my wealth that I paid enough tax over already?
April 23, 2018, 06:35:27 PM
When I migrate I will definitely do and choose the Japanese state as my goal, because I understand that Japan is very supportive in technology and especially is Blockchain technology, and also supports crypto.
April 23, 2018, 05:37:07 AM
If that happens to my country, I will try to make it in Singapore, or Japan with a country that always supports technological progress.
You are quite right because one also have to take into cognizance, the country that will also support his established line of business. This is equally important because you might not be able to fit into another line of business.
April 22, 2018, 08:54:57 PM
If my country forbids for the crypto currency and I will choose the state of Singapore to be my destination, and the Singapore state that also always supports the crypto currency.
April 22, 2018, 06:06:58 PM
If my country does not allow me to use Japan as my destination, as we see for ourselves that Japan is a country that legalizes bitcoin and the Japanese state that always supports technological progress and includes Blockchain technology.
April 22, 2018, 04:05:30 PM
Hello Crypto Currency Experts,
Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
Its not really necessary but it would still end up your own decision if you decide to withdraw it on bulk amounts but if you are not on a hurry then you can gradually withdraw those amounts on small portions.Immigrating into other countries is too much hassle on me and i dont really feel like on leaving my fellow country for the sake of cashouting those funds yet there are lots of ways on how you would able to pull out those but though you would really have restrictions but its really possible. Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.
So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.
April 22, 2018, 11:14:03 AM
To my mind, Japan is one of the most suitable choices for this.
April 22, 2018, 08:54:06 AM
There are many countries that accept bitcoin as well as other countries that do neither accept it nor make it illegal. They are neutral. These countries are the following: Japan, third world countries like Arabic ones and the developed countries like USA. If you have much money and you cannot withdraw it, you can go to these countries and withdraw your money. Otherwise, just stay in your country and look for another method.
April 22, 2018, 08:01:53 AM
If that happens to my country, I will try to make it in Singapore, or Japan with a country that always supports technological progress.
Do you mean by using VPN,? It's difficult process,IMO because some exchange have strict rules against VPN.
Luckily I have a friend at Australia so if my government forbid all bitcoin transaction, I can contact him for conversion.
Of course fee apply !
April 22, 2018, 07:46:57 AM
Migration isn't the best solution for you, and bank withrawal isn't the only option. But, if you must move I'll recommend Zimbabwe in Southern Africa. Though, the economy isn't in the best of forms now but, the once most stable economy in Africa is on a recovery path. Again recent land reforms has been deemed unfair to white settlers but Zimbabwe remains the best home for whites in Africa. Moreover, cryptocurrency trading is largely encouraged as it has helped in mitigating poverty. Lots of investment opportunities too.
April 22, 2018, 07:26:44 AM
If that happens to my country, I will try to make it in Singapore, or Japan with a country that always supports technological progress.
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