Bitcoin Forum

We country's regulation is quite easy for our finance project for a Crypto related finance project


Since its financed by us we were looking at a pocket friendly option.

There are lot of countries who doesn't have specific regulations for crypto market and still allow new crypto projects, will these countries will be your choice?

Can you name some of these Countries?

I would advice to take a look on Estonia.
This country is quite loyal to cryptocurrency and I see numerous project registered there. Plus Estonia doesn't have a tag as a money laundering country as BVI for example :)

Perhaps you can check this threads:

(1) ASIAN CRYPTO FRIENDLY COUNTRIES (https://bitcointalk.org/index.php?topic=5156142.0)
(2) Which countries are more friendlier to crypto? (https://bitcointalk.org/index.php?topic=5152015.0)
(3) Best country for crypto  (https://bitcointalk.org/index.php?topic=5157764.0)
(4) Most crypto friendly countries in Europe (https://bitcointalk.org/index.php?topic=3256206.0)

Good luck finding countries that suits your need.

I don't really know about the regulation of each country but there are lot of projects come from Estonia (despite mostly bad project) which give me idea that it is a crypto-friendly country. Singapore is also good, there has been some good projects built there.

I am sure there are few others but I will just note these two as I believe these are overall the best.

Singapore, canadian countries, england is also a friendly country too as some crypto-related finance project like crypterium operated there.
Maybe you can find another one in ASIA or SEA but im not sure if most of them are crypto friendly countries. I think this is enough to answer your question about that.

yes for singapore I agree many good projects issued by the country, but I doubt a little Estonia, can you tell what projects are issued by Estonia, a little advice will help.

If you are in the Asian region, of course many people will recommend Singapore as a country that is friendly with crypto, but there are also other countries such as Hongkong and Japan. For the European region, then you can consider Switzerland and Germany, because both are quite friendly to crypto.

If you want information about other countries, then you can read this article. 12 Friendly Countries for Cryptocurrency (https://99bitcoins.com/bitcoin-friendly-countries/)

There are Asian countries who are planning to use blockchain to monitor their countries budget and Financial planning. You can try to approach Asian countries who are open in Crypto like Korea and Singapore,but I doubt if they will allow stranger to do it for them as they may plan to built team to do it for them the way they wanted it to be.

Each country have their own rules and regulations which I think your point is to finance or invest some projects which can be demand in your place. I would say nowadays is not easy to finance since the market is so bearish but nobody knows it comes on your luck that you may have a good project that can be have a good profit here in crypto currency community.

Take a look at the crypto-friendly countries: https://99bitcoins.com/bitcoin-friendly-countries/

I am more in favor of a country whose economy is good and can be called a developed country that is no longer constrained by complicated economic problems. call it America, China, and several European countries such as Germany, Turkey, Britain and others. I think the implementation of finance regulation will run optimally if it is developed in developed countries.

I want to understand something because no matter the country that is friendly to crypto, except you are willing to relocate to that country or you have a citizen of the country as part of your team members, I don't see how easy its going to be because when it comes to money from abroad, or a non-citizen creating a company, funding businesses, the legal requirements are on the high side and even for some countries for having a foreign national as a member of the board of directors alone is bound to some legal scrutiny. So, except you are going on a large scale, its better you stay in your country of residence especially the one you are a citizen and do the right thing from there.

Most of the Asian countries are much liberal to crypto currencies and country like Japan and Singapore tries to adopt much quicker with their regulations.

then now where is the country that you live in? I think Asia is really friendly with crypto currencies, and I'm not surprised by that because Japan is the number 1 pioneer of this technology, we will see global competition later

Switzerland is supposed to be one of the most friendliest. But i suppose i have to ask what do you mean by friendliest, if you mean low taxation, then i would go with Germany.

I won't say other countries aside from my country because I haven't experienced going there and I haven't experienced what is the status of acceptance of cryptocurrency in their country. So basically, Philippines is also a crypto-friendly country. Not as the best but as someone who doesn't regulate crypto much. The government isn't a hindrance to people and crypto.

It seems to me that Russia is most loyal to projects because there is no regulation there and generally in Russia the legal field in digital areas is very weak, so I think you can create almost anything you want there.

Well Singapore is really taking steps on cryptocurrencies, in fact there is a lot of projects growing in Singapore right now. But I guess it is worth to mention the Japan in Asian countries. We have known Japan for too long in innovating technology, I'm sure you already see a weird technology invented in Japan, hence this country has been leading in many other fields of technology, So I must say that they will be leading also in cryptography and blockchain sustain.

Switzerland is pretty great regarding blockchain projects. As far as I know there is even a crypto valley that is based in Switzerland. Australia is also a good example of a crypto friendly country, but this is basically it.

Estonia is differently the best of all when it comes to digital money or transaction.
It has the best infrastructure for such business, you differently notice that most Fintechs prefer to start there even if they are abroad base (out of Estonia).

Also Malaysia  Indonesia are taking huge steps into this field & also in the cryptocurrency domain.

Estonia provides licenses for crypto exchanges and service providers. Then there is Malta, which is the second favorite place for famous exchanges, this country is not strict with crypto VAT and so on. Many other countries also have the same characteristics, including France, Portugal and Singapore, but they are implicitly tighter than the first two countries.

The countries that have the most supportive regulatory environments for cryptocurrency startups to thrive in are Japan, Singapore, Malta, Luxembourg and Estonia, so you might want to consider some of those when launching your new project

Malaysia and Indonesia are started to grow on crypto market. But the users nd traders specifically on Malaysia can't caught up yet with this. I know this cause Ive joined some Conference and compared to other conference I attended people are really few compared to Hongkong and Singapore. By the way, Estonia is a small country that's why its not shockingly they can control the management for fintech and other businesses.

Every country has financial regulation depend their domestic financial and also relation with world economy situation. They have different respond about everything ( include bitcoin ) that can be use to weaken their economy system. I believe there's no best country for finance regulation but best country for trade and investment activity already exist. Maybe another member can give the right answer but I trust my country can take care and protect society from bad economy.

If we are talking about cryptocurrencies, then Switzerland is the leader, where the current financial market legislation applies to cryptocurrency business. Swiss government agencies believe that cryptocurrencies should not be subject to VAT and capital gains tax.

I think Singapore, because business in all fields of economy is growing rapidly there.
In addition, the regulations are also friendly to project makers and investors, so it is not surprising that such a small country has very rapid and even advanced economic development.
Even some cryptocurrency projects there are also running smoothly, they have an exchange company too.

One of them is definitely the Philippines. The country is pushing universities to teach blockchain technology. Besides, their government also has quite easy rules for people to participate in the crypto market. The government is creating the best conditions for people to make a lot of money in this market and invent smart blockchain tools that can help the economy of the country. So this is a great country for crypto lovers to live and work here.

Many crypto projects from my country registered their projects in Singapore due to regulatory issues in their own country. In addition, I often see on the web new or old projects they are registered in countries such as Estonia and Cayman Island. Maybe this could be an option for op. Hopefully op does not run a project that only looks for profit. Goodluck!

So far, cryptocurrency in the Philippines is an untouched subject but I have seen interest from many college level students in this industry. Online payments using the infamous Coins.Ph and GCash have been commonly used in the country. It's just a matter of time before its government act up, or maybe when something big and unfortunate happened, the PH government will act up.

Thanks for the information, I am pressing the focus on the Asian region, I think Japan and Singapore are indeed crypto-friendly, I hope they can spread in the Asian region especially that crypto is not as always feared. And also almost 60% of countries that are crypto-friendly have pretty good progress.

I think there's no realtion between doing KYC for withdrawing money and the country's regulation because doing KYC or not it's all about the exchanges policy itself, and most of exchanges are not require to do KYC if we want to withdraw our money except we want to withdraw big amount of cryptocurrency

Crypto friendly countries AFAIK.

• Malta
• Japan
• Singapore
• Philippines
• Switzerland