Bitcoin Forum

Hi all,

With ever increasing BTC prices, where can BTC holders move to minimize taxes? I'm confused by many of the tax laws that I'm reading about. It seems like clear rules have yet to emerge in many countries. Some countries have a wealth tax, which means that you must sell a certain amount of your BTC every year, which is regrettable. I think one should try to avoid these countries at least. But other than that, it is only the capital gains tax that is relevant?

Edit: Maybe this thread suits better in the Bitcoin Discussion section?

Asia.

Also heard that Iceland is cool for it too.

Many countries regulate BTC.
China　is bad.

I think the best state for bitcoin users is swiss, there is already available ATM machines for bitcoin.

It's better to live in a country where there is or will soon be a regulation of the crypt at the state level

I heard panama and costa rica are really good. No fucks given.

Japan.Because bitcoin accepted for payment in this country

Today in Japan, the best conditions for working with crypto-currencies.
I would also pay attention to Singapore.

Japan. Only Japan is god country for BTC.

But doesn't this regulation at a state level mean paying taxes about which a topic starter said? I guess cryptocurrencies shouldn't be regulated at a state level, otherwise what's the point of decentralization?

crypto currency is still new thing to south Asia. so less regulation and rules for crypto.  it is good for asia. but the thing is when we consider about other factors good to find a country other than asia

Both Australia and Japan is tax-free and regulated.
While Russia, Ukraine, South Korea, Malaysia is on regulating...
Singapore, Indonesia, China is denied it as legal tenders, but welcomed [Suspicious link removed]panies.

Also can try out Vietnam and Thailand, both was NEUTRAL and cheap paradise if not considering wealthy countries which might imposed high taxes...

I think China it god of BTC LOL  :o

Majority of the countries regulate bitcoin but if you were looking for a country to live using your coins, I think your best choice is here in the Philippines. You just need to convert your coins to peso. We all know that the cost of living here in the Philippines was less compared to other countries. Imagine this, $3 USD can buy you a decent lunch in the Philippines. The peso to dollar exchange was huge compared to other countries and you can buy a lot of thing with just $100 USD. If you are looking to invest coins, you won't have any problem here. The government doesn't care about the things you earned from coins. As long as you won't do anything that is against the law, living in the Philippines can be fun!!

Come to the Great Britain. Bitcoin ATMs and blockchain technology ready to be introduced in the sphere of government services. Cryptocurrency is really considered to be the good future.

There are many countries nowadays were bitcoin was regulated like in Japan, India, Europe, Australia, Canada and others. Those nations they've already established a bitcoin users to their places.

I think there are still many countries where a bitcoiner can live well and dont be ripped off by authorities for his gains, examples I heard about are: Holland, Qatar, Dubai, Cypris. But there are a lot more I guess.

Estonia. 

BitCoin maintains its validity in many countries of the world. But many more countries are not aware of bitcoin. Asia has habitable countries for bitcoin users.

Cyprus, there is a big crypto community plus they opened bitcoin ATM just a couple of days ago

Interesing question.
I'm just curios when governments will wake up

Chose a country with a very large bitcoin adoption rate, if possible  not too much under control of the banking cartels.

Holland? Do you have any sources for that? I would be very interested to move there.

Right now Japan is probably the best country for Bitcoin users. Singapore and Switzerland are some of the countries which rank just below Japan in terms of tolerance for Bitcoin users. And perhaps India is the worst country if you deal with Bitcoins. The government is harassing Bitcoin users for quite some time now.

Japan, South Korea and UK all the way!!!

I think Australia is good at bitcoin prices

I think it's Japan and South Korea

It’s easy to advice about moving to Japan or another Asian country if it doesn’t concern you . This’s a different culture. I don't think that is comfortable to live in this country.
Britain is more comfortable and more safer than any asian country.

??? Did you rad news about North Korea? It's not far from Souh Korea... And North Korea to launch a ballistic rokets... Which fell near Japan. 

Japan, UK, Australia, Canada, Swiss, South Korea and good old USA.  The USA prob has the most Bitcoin holders.  It has the most blockchain startups, and home to many crypto currency.  The USA has been at the forefront and will continue to be leaders in this space. 

Indonesia sir, everything is cheap here (things that are not imported).
Foods, services, transportation, gas. I dont know about the tax here actually, but its not a bad option (decrease your living costs).

But what about different culture (if you European)? The question was "live in"...
For european it's not good variant, I think...

Anyone talked about Bahamas, but I think it is a good country too. Dubai is also good, but I do not like muslim places. Japan is good too, but too different culture. So... this is complicated.

I think better to stay 90 days per country and live in all of them!  ;D

Italy has quite a few locations where Bitcoin is an accepted payment method. Especially in the Milan area, a few dozen retailers deal with Bitcoin payments directly. Rome has a solid selection of Bitcoin merchants as well. For rent and utility bills,

...still waiting for my "Bitcoin" Grand Cayman...

Well, as I said, I just heard that its good in Holland. But I will try to find out, because Im also thinking of moving there for a while. Its a great country where one really can enjoy life. If its as crypto friendly as my friend told me it would be even better. If I will find out something of value I will share it with you in PM.

bad countries would include those that have lots of kidnapping, e.g. mexico. most coiners will have crypto apps running on their phones and they can be forced to empty their crypto wallets by kidnappers.

If you are honest with tax, definetly not Austria. Taxes are up to 50% if it exceeds 50.000€ a year (normal income included).

but i quess we all have to pay the enviroment... :-\

how great is life in austria compared to, let's say, canada. especially in terms of benefits for taxpayers.

At this moment Japan is the most bitcoin friendly country in the world. There are many service providers who are actually accepting the bitcoins as a payment mode which could make the life of bitcoiners easy. There are many startups which are mainly focusing on cryptocurrencies in order to provide more services related to bitcoins.

I would vote for japan, the policies there are really good for cryptocurrencies.

I think tax havens such as certain islands in the Caribbean are the best for large Bitcoin holders. Iceland seems to be very friendly with crypto too, so that's an option. If I'm not mistaken, Estonia is also pretty crypto friendly and is attracting lots of blockchain companies.

imy opinion, in this life we can not avoid taxes.
wherever we live there is always a tax ....

only how big or small his tax is in every country
expl of my country '' indonesia '': there is no tax for BTC holder but there is withdrawal tax 1%

sure, but the topic is about BTC holders, so i thought about taxes. i honestly think, living or to be born in austria is like a jackpot. beautyful and a save country with good socialservices. not many countries are "better" at that.

otherwise, i love canada ;)

For holders - counties with stable social environment, where the risk of revolution is low, political regime is neither totalitarian nor authoritarian and the level of happiness is high.
For miners - countries with cheap electricity and eternal winter.

Denmark is one of the countries that seek to eliminate fiatr money, cashless settlement and the digital currency here are widespread. According to the central bank of the country bitcoin is not a currency which means that its use in the country is not regulated by the state and transactions in bitcoins are not subject to taxation.

Well I guess as long as you have internet any country is ok.

Cool, I love Denmark. Didnt know that it was this cryptofriendly. But as you say that bitcoin transactions are not subject to taxation, does this mean that if someone was to convert his BTC back to fiat with lets say x10 profit, the government wouldnt take any tax from those profits?

Here in Asia, specially in the place of Indonesia, Thailand and Cambodia, also Philippines. Dollar on these places is high in value so 1 bitcoin will make the people living there rich.

I found out that this place called Commonwealth of Dominica is offering citizenship for 100k, which is 50% discount from Vanuatu offering for 200k. Take the discount and never look back haha! ;)

::) ::) ::)
You are right, without the internet we can not access bitcoin

Delhi in india has always been a dream city for me

In my country there is no law about bitcoins whatsoever so it’s the best place to be a bitcoin holder since there is no regulation about it there is no taxes involved when you are buying or selling bitcoins in my country which is the best.

For me my first choice of country to live in for bitcoin is japan. And i think if i have a lot of bitcoin , japan will be the perfect place to live , they have no regulations about bitcoin , no taxes to pay. And for some other reasons i also want to live in western countries where bitcoin is accepted as payments. Just like in some part of europe , where bitcoin is one of the source payment.

For the time being it seems you're rather playing "Russian Roulette" when trying to pick what country is to be best one to live in with your BTC.
You never know what happens next: you name the country of your choice, move in there - and they stage a massive clampdown, like that one in South Korea.

PS.
And I haven't yet heard of their having the ministers fired:
https://bitcointalk.org/index.php?topic=2734959.0

I heard that Singapore is good from the tax system

africa ...u get to pay ntin yet

singapore  is good i heard

i will vote for japan

japan and africa as a whole

i will pick japan for now

I guess that Thailand is best country for BTC holders

singapore and japan

thailand and japan are good pick for me

indonesia is cool for btc holders

africa and japan is cool

yes !  Asia is the best place for the BTC holders . Because In asia , the laws are not as strict as other areas

Us move to Belarus!We have no taxes until 2023!And then time will show)

Ukraine would be good option.
Not only it's very cheap here, but there is big cryptocurrency community, many meetups, projects

Portugal is an option.
The government won't tax any crypto gains (simply because they can't, it's a legal loophole), nice weather, seaside, cheap by West European standards.

Personally for me it's Japan
I would really like to live there

the smaller government the beter

I think Nigeria is the best place to live as a BTC holder because it is fully legal there but there will be no need to pay taxes when you are converting it into FIAT or the other way round. But in terms of security, I wouldn't really recommend living in Nigeria because you can kidnapped at any moment especially when you are a foreigner.

The attitude towards bitcoin in Holland is eloquently evidenced by the fact that the whole city of Arnhem was nicknamed "the city of the Bitcoins" in honor of the eponymous project. Here the highest concentration of companies providing goods and services for bitcoins over a hundred is noted. With the help of bitcoin in Arnhem you can get a haircut, buy a hamburger or a new suit, send a letter, fix household appliances or rent a room in one of five hotels in the city center.

Estonia, and if you're wondering why here's a great article explaining everything: https://cryptovest.com/news/bitcoin-in-the-baltic-estonia-leads-the-crypto-friendly-region/

I think Canada and Australia are two best countries to live with bitcoins overall.
You have lesser problems exchanging them and the places are much better than Japan or Africa.

For me I think Japan, Japan is the best place to live for Bitcoin holder because Japan is always advance in technology they're now using bitcoin as mode of payment, transaction and everything.They can accommodate bitcoin user.

Even if there's a lot of FUD surrounding on Korea but it's still the best country. I never encounter that so much excitement like those Koreans have when buying cryptocurrencies.

for me, it's Germany and Estonia
they have good cryptocurrency regulations

it's Venezuela even BTC is dropping its increasing in value there   ;D

There are many beautiful countries bitcoiner can live well. But now japan is the best work ever since in cyrptocurency. Japan is god country for Virtual currency