Bitcoin Forum

What's the greatest country for crypto?

I'd say it's Estonia:
"Today, almost all public services in Estonia are digitalised and accessed through secure digital identities that are provided to every citizen and resident."

"In Estonia, this distributed ledger gives citizens and residents more control over their own data."

"Estonians can log into their own records using their digital identities and then see exactly which medical professionals have done the same and when."

Source: https://medium.com/e-residency-blog/welcome-to-the-blockchain-nation-5d9b46c06fd4

I think Switzerland is also a great country for it - long tradition of banking and privacy, crypto is an asset, government open to crypto, so on.

I do not know about Estonia. But I do know that Korea is also a country that will help the Cryptocurrency market thrive in the future. Currently there are 50,000 guesthouses, other hotels, they accept payment by Altcoin in Korea. This is a real delight for the future of digital money.

Weren't they planning to ban cryptos though? I'm not too sure what's going on over there.

Japan is quite widely considered to be the most forward looking and accepting of cryptocurrencies. They are accepted in many places and the government have taken a good approach to regulating them in a non-harmful way. Also potentially Satoshi is Japanese, he could not be it's just a pseudonym, but if he is then it would be hard to argue against Japan, sadly we will never know.

What exatly do you mean about "best" ? For mining ofcourse Russia, Indonesia, China where is low price electricity.
For open any business best is Honk Kong, Japan.

I think Switzerland is a most friendly country to Cryptocurrency market, because most of the excellent ICO project are from Switzerland, so I think Switzerland might become a blockchain technology leading the country.

I'm not sure that to be the best country in crypto, the county should have many different policies towards the crypto law. I think the country should be enough safe, warm, cheap and have a good internet. Maybe Vietnam I'd say in that case is the best country

I just heard of this country that is estenia. I think the best country is russia. because governments are legalizing digital currency as transactions in the country. and already available ATM Bitcoin. so in essence the country has been legalized in digital currency

japan is one of the good crypto places but i think crypto there does not have too much demand that affects the current crypto world. korea may be the best among other countries but after the circulation statement from local government crypto there is no longer legit

Japan is bitcoin-friendly country but not sure if that was accepting ICOS just like what already done by the majority of Canadian countries right now.

Honestly, this is my first time to hear if Estonia was included in the crypto friendly country. The Japan regulation is not clear about how to determine is ico allowing to exist in the Japan or not.

I was feeling doubt about that.

I have been advised that Estonia is a great country for crypto.  Many US companies with ICO's have chosen to be housed in Estonia.

it seems a very good country for crypto I think the country that has legalized the crypto currency such as:

Russia
China
japan
usa
singapore.

and other countries will follow their steps.

I'm not sure about the issue, because in order to earn from the crypto currencies you only need an internet connection and knowledge. But I think one of the most friendly states is Japan.  :)

Estonia - the country which has positive attitude towards crypto
Russia, China - large countries, cheap electricity (i'm not sure) , many miner.
and VietNam (just my opinion)

Denmark it’s at the forefront of the push towards eliminating cash in favor of 100% digital currency. Sweden is also trying to become a country without cash.

I would choose Belarussia - their government is rather friendly to cryptocurrencies, as well as they still have cheap elecrtricity being friends with Russia.

You make me laugh it is if you don't know what the USA has done historically with emerging industries and that alone would make me leave them off this list. You conveniently forgot Estonia, Canada, and Switzerland off your list all of whom are leaders in this space.

I guess there is no certain but of course some countries may not be suited because of technology deprivation. Considering all the ico created it still depends on the need of the community, with this being said every country has its own problems therefore cryptocurrencies might be one of the solutions. Generally, i think cryptocurrency is at its best depending on the purpose of application.

I from Belarus, our president signed a decree on the development of the digital economy. The decree legalizes cryptocurrencies, smart contracts and ICOs. I have no need to declare a profit from the crypto currency, they are tax-free))

I think to look for a state that is already active in crypto I will search more broadly and deeply, because right now I do not really know the consistent state in the crypto currency.

I think it's Japanese, where government accept bitcoin and most of them are Crypto enthusiasm. And i and maybe you agree that Satoshi Nakamoto is a Japanese people, and with this great innovation - Blockchain, it  is the pride of their country  ;D

I am agree with all countryes which about say's this post, but also want to add Ukraine - because mining here is low cost, and Belurus - because law is very friendly for crypto's there.

I think the best place for cryptocurrency is a state that has legalized and has regulation neighboring bitcoin and cryptocurrency like for example chinese, japanese and american countries not only that some countries also seem to have started to think about regulation of cryptocurrency.

Indeed. I was about to ask the same question. It was not long before that there was news about korea passing a bill to ban bitcoin and other crypto currencies. After the people filled petition and protested against it, government decided not to ban crypto currencies and rather regulate them and the exchanges.

Korea has also planned on charging handsome amount of tax on trading and investing in crypto currencies. Though korea is a major market for bitcoin and crypto currency, it surely isn’t the best country for it.

Agreed, there are certain countries like that of Japan and France which are considered to be the most favorable countries for the ones who are interested in investing of their money into any of the crypto currency as the government of those countries is taking positive steps and are trying their best in regulation of the crypto currencies and soon we can hear some good news from such countries as well.

I think Japan is becoming the most favored nation for Crypto bcz of favorable outlook of the people and govt. Korea also ranks up. In my opinion there should be a separate country something like brock pierce is discussing to have  a separate crypto valley. He is proposing Puerto Rico as one. The government is also looking forward to it. A blockchain leading nation how cool does it sound. There will be a war for attracting crypto companies in diff nations soon

Indeed, Switzerland though not a major market for crypto currencies, but can surely be termed as best country for crypto currencies. There are no restrictions, rules or ban regarding bitcoin and other crypto currencies in Switzerland and people are free to open businesses of crypto, accept payments in crypto and other stuffs.

Many business firms and companies from US migrated to Switzerland when they heard about banning of crypto currencies. Switzerland is surely a great country to start new projects, ICO’s and companies that involve crypto currencies.

all this time that I know the best country for crypto is Japan, Korea and russia, if there are other countries that have a lot of good influence for crypto then I am very happy to see bitcoin development from year to year, hope bitcoin quickly spread all over the world and all countries can receive bitcoin as a valid payment instrument.

Switzerland.
And this is a developed country, where in many respects everything is thought out and cool done. I have long been hoping that I can go there.  ::)

That’s great thing to hear. Your government surely plans on digitalizing your country and make improvements in the field of IT as well as blockchain technology. Belarus surely sounds a great country for bitcoin and other crypto currencies. Legalization of crypto currencies and smart contracts is great, but legalization of ICO’s is awesome.

Also, they have kept it tax-free, that’s just like topping on an ice-cream. I hope that governments of other countries take the same decision and help in development of blockchain technology, crypto currencies and digital world.

I'm not sure that to be the best country in crypto.i think Switzerland is also a great country for it.l think the best place for cryptocurrency is a state that has legalized.all this time that I know the best country for crypto is Japan. I hope that governments of other countries take the same decision and help in development of blockchain technology, crypto currencies and digital world.

Certainly not turkey. there is not even a proper purchasing framework. I think it needs to be changed and improved. It needs to be updated very quickly.  :o

My lucky guess as the best crypto country is Japan too. Very rich country and is one of the most highly technologically advanced countries around the globe. Australia is probably next as it just legalized bitcoin last year.

Best country for crypto according to me is no other than Japan as they have legalised crypto currencies and bitcoin in their country and is one of the major market for crypto currencies. Japan has not only accepted bitcoin and other crypto currencies as an asset, but has also considered it as a legal currency that can be accepted in stores, hotels, etc and can be used to buy goods and stuffs. According to me Japan currently holds the majority of crypto currencies fund and is already being digitalised.

in my opinion, Canada is the best country for crypto. Their goverment support for the mining BTC and the development of Cryptocurrency. Their energy cost is also cheaper than others

There are quite a number of crypto friendly countries these days that legalize cryptocurrency. Japan was among the first countries to embrace Cryptocurrency and can be considered one of the crypto currency heavens. Denmark. Estonia and Sweden are some of the other countries that legalize BTC

I partially agree with you here. Heard a lot of good stuff about the manner in which the Japanese government favor crypto which is possible due to reasons like Satoshi Nakomoto, technology loving country etc. Never heard a lot of bad stuff with regards to the Japanese government's opinion of Bitcoin which is why I believe that this is the best country for crypto at the moment. I do not agree with your opinion about Korea since everyone understood the Korean government's opinion of Bitcoin recently and I don't think they will change their negative opinion anytime soon.

Many countries now have a positive attitude towards the crypt, that's why they are simply engaged in both mining and investing. It may be one of the Asian countries, and in Europe, the same Russia or Ukraine is already on the way to adoption, because they need to raise their rating somehow.

Estonia is ruther progressive country. There is a low corrupton level, transparant taxation in Estonia. There are created conditions for development of higly-technological start-ups. Thanks to this, many russian-speaking teams of former USSR have moved to this country. I think, that Estonia has brightly shown that when the government favoures the blockcahin-technologies, it will be able to attract large investments to its country.

Well this is a pretty interesting discussion.

One thing is a country is friend because it has no regulation (Denmark), or it has legislation that has actually taken a real step towards positive legal framework.

I am curious what country is the best for ICOs? I have heard that many are going for Switzerland? But I don't know. Could be interesting knowledge!

Whatever is the case, one thing is sure......cryptocurrency is still relatively new.
By the time we bigin to witness global mass adoption, there is no doubt most if not all countries will show interest in Crypto.

It's easier to say what countries we shouldn't go to to make crypto business. Because Every country
in a varying degree accept crypto but in every country we will face some troubles about the policy or something like that. As I know in the CIS countries the best option Belarus because crypto is totally legalized

I do not know clearly what the current state of crypto currency users do and I also do not know which country is currently very fond of crypto currency.

I think that the best country for crypto currency is Japan. The Government of Japan is very loyal to the bitcoin and cryptocurrencies. Japan and Switzerland are two countries that are very positive about cryptocurrencies.

Russia is the best for now. Goverment is supporting and devs are really working nice.
Russia is going to have a really huge economy cause of crypto. World is changing.

I think that's what you say is true and this is a lot of things that happen to the country. then do we get more benefits in the presence of such a thing?

I do not think that Estonia is the best country for the cryptocurrency. Although like you, I suppose that Japan is the perfect place for it, I am not still sure that the country where you live affects so much trading business and investing.

I think it's Belarus) She has already officially recognized the cryptocurrency and all conditions for IT Business are created there.

Switzerland is a great country to start a crypto company in. Regulations are easily understandable and there is a pool of highly educated and motivated people in the crypto hubs like zug and zürich.

You did not explain in what aspect you mean by what country is best for cryptocurrency. You need to explain if it's in the term of mining (because of cheap electricity), trading, investment or in ICO. Because looking at it in different way, countries whom are supporting cryptocurrency has their area of specialization. For example, Japan is known as among the leading in ICO, etc. It all depends.

LOL cheaper electricity in china ? can you do mining there if the government restricted people to do any type of cryptocurrency related acitivities? exchanges was forced to close,mining farms,and also the use of cryptocurrencies,china is one of the worst country that you will have .Chinese are too greedy that is why they want to control the crypocurrencies in their own ways/

In my opinion, recently a lot of governments have been looking at cryptocurrency as a burden and they are constantly trying to ban it and regulated, but not until recently where Germany stated that she will be accepting cryptocurrency as an asset and utilizing it and even not taxing it which seems too good to be true, where it is the case, which makes Germany right now the paradise for every investor anyone involved in the cryptocurrency market.

I eard puerto rico is almost tax free on crypto so if you got millions dollars earned on crypto and don't want to pay too much crypto, i would say go to puerto rico

I think Switzerland and Singapore is better for crypto

If we consider the Crypto as a trade and investment, then it is better to choose developed countries with clear tax laws (USA, Canada, Japan, Switzerland, various off-shores). If you choose a country for the location of servers for mining, you need to pay attention to countries with cheap electricity (Russia, Venezuela, Belarus)

I would vote for Singapore, given its supportive stance in ICO and other crypto related matters. As the financial center of south-east asia, its support is critical for crypto development and adoption in countries like Indonesia, Philippines, etc.

Upon reading the posts here I noticed that there are several countries already supporting altcoin payments. It is a good indicator that the world is probably starting to recognize the importance of digital coins for fast transactions. Especially if it is done international. Coins can be easily transferred from one place to another with not much of a problem processing. I was happy that the world is really changing its views on digital currencies. I just hope that banning and other resistance will come to stop and let live the digital currencies.

Japan is extremely friendly toward cryptocurrency, and is a major global market hub.Japan’s proactive approach to self-governance and compliance makes it one of the most progressive crypto-friendly nations in the world when it comes to rapid adaptation to the shifting blockchain ecosystem.

The Eastern European countries seem to be a crypto friendly investment climate. However, I would love to see a role here for Western Europe, because some of the issues besides the technology related stuff is an issue in the East.

It may seem surprising that a global financial hub such as the UK would be on the list of  best crypto nations, but perhaps as a fear of waning influence due to Brexit, regulators have been hands-off to date, and London is home to a thriving crypto community.

I know also that Korea will ban other cryptocurrencies aside from bitcoin. That's why I think Korea is not the best country for cryptocurrency. And I think, USA is the best country for cryptocurrency since there are lot of project and ICOs in USA. America also gradually adapt cryptocurrency as their medium of exchange aside from dollar.

Georgia has some nice laws for crypto.

While the best country for crypto is Japan. I was not personally there, but judging by the news, people are delighted with crypto-currency. And the government does not prevent this.

Estonia is really cool country when it comes to modernized public systems. But I'm not sure about their attitude towards the crypto regulation. It's interesting to see Gibraltar stepping up the game re ICOs

i think it is india,japan and korea,russia

Best country for crypto now is Japan I think. Its the motherland of bitcoin and japanese government supports crypto

I think Japan is the best country for digital cryptography!

Many stores in Japan accept BTC payment, and Japan's famous e-commerce company is also actively developing the digital cryptographic currency of funds!

Japan intends to put forward a proposal for cryptocurrency at the upcoming G20 meeting.

Europe may not be the very best place for Bitcoin. They have cool technology though Japan is the only place that is not panicking about Bitcoin and is very Bitcoin friendly.

I don't know Estina. But I think China and Korea will be a big market for Crypto in the future. In Korea, there are many hotels that accepted payment by altcoins.

Despite China's ban on ICOs and its temporary halts on all cryptocurrency exchanges, many other countries are quickly taking advantage of the cryptocurrency potential. While this list contains some of the usual tech-friendly.

Country that got most influence in crypto world for me , is Korea. They started seriously to digitize the money and that is some serious and probably good sign for crypto world.

Belarus is the best country for cryptocurrency. After all, it is legalized there and it has not yet introduced taxes.

I less so know about the influence of bitcoin in the country Estonia, according to my personal Japan, Korea and China rapid development whether the field of technology and the world crypto money, hopefully the future in Indonesia can also like other countries so rapidly in the world of crypto money.

I just can not understand one thing, why some countries very easily go to legalize crypto currency and even help users in the legislation, regarding the business of crypto currency, while other countries try to completely avoid it and introduce new and new prohibitions.