Most supportive cryptocurrency countries.

[ORCAf]

How is blockchain in Asia.

https://cointelegraph.com/news/how-is-blockchain-in-asia-blockshow-meetup-conclusions

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[Proton2233]

As far as I know from an article,JAPAN,SCANDIVIAN COUNTRIES and RUSSIA are the most supportive cryptocurrency countries.But to me,JAPAN is the number one supportive country for cryptocurrency./b]

Agree. If you closely look those other countries that accept bitcoin or trading cryptos, they are still having hesitations and they are still thinking whether to ban it or not. Only Japan is the country that totally qualifies in the most supportive country.

The Japanese are some of the most law-abiding workaholics in the world. So I am sure that the recognition of bitcoin will do them only good. In General, Asia is the most favorable region for development of cryptocurrency market. Everyone else is waiting for a long period of uncertainty.

[rickgejr]

There does not seem to be a hill-of-beans difference between the US and Japan.

Sure, Japan ended their extra 8% tax on crypto, but they tax just like most countries. Regulations abound, just like the US. In fact, they have one of the highest tax rates on earth, for high earners.

And Canada? High taxes, regulations.

Denmark is also a high tax country. It was recently ranked in the US as if it were a state. It came in 49th of 50, for income, services etc.

Sweden is also a high tax socialistic paradise.

Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)

I've yet to find a single Scandinavian country that has less taxes than the US or Japan.

Much of SE Asia is up-in-the-air. Yes, you might find a good place to use/store your crypto. But they might also advise your .gov about said use/storage.

If you live in Russia, India, China or similar, you might want to consider paying your taxes or using CryptoNote based coins or some low profile crypto. (I think India is thinking hard about the CryptoNotes. And they seem to have more guts about telling their crooked .gov types to screw themselves. Go India! Take your country back! Fat chance, right?)

But then there is the problem of a windfall and you wanting to now spend your millions afterwards.

I don't think our .govs will necessarily like the fact that anyone hid their trading for years, before they made it big.

You'd have some explaining to do when you buy that castle in the Bahamas.

Even if you skip town, spend your secret crypto's on some island paradise, they will come. It's a prison-planet, in that respect -- at least in the US. They send their goons abroad to nab those evil people trying to keep their own money.

Meanwhile, the IRS (in the US) throws lavish parties for their agents in fancy hotels and gives them bonuses for nabbing the hard working/investor types, whilst millions of fraud occurs and they do nothing.

(Sorry, I'm ranting now. It just pisses me off.)

What we need is a new country with some balls and enough might to protect its interests. Or remake an old country...but that is dangerous to even talk about, right?

[goldblumandpartners]

Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)

Swiss banks reports are only about foreigner's private accounts but did not report about accounts of local firms, even if shareholders is foreigners. As well as Swiss Tax Authority (Steuerverwaltung) don't know about opened accounts in domestic banks (still no exchange in Switzerland).
This is a huge advantage )
And taxes in Zug or Schwytz is extremely low 

[rickgejr]

Switzerland may or may not have less taxes, but if the country itself doesn't extract money for taxes, it seems that the Cantons will. They have a progressive tax system and go after their citizens abroad, just like the US. And they report foreigners keeping money there. (Yes, you could 'deposit' on the sly and take your chances.)

Swiss banks reports are only about foreigner's private accounts but did not report about accounts of local firms, even if shareholders is foreigners. As well as Swiss Tax Authority (Steuerverwaltung) don't know about opened accounts in domestic banks (still no exchange in Switzerland).
This is a huge advantage )
And taxes in Zug or Schwytz is extremely low 

Noted.

[Lukas Tarantas]

Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.

[goldblumandpartners]

Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.

Why Japan?

[sukamasoto]

Today, the most favorable conditions for working with crypto currency have been created in Japan. And the most negative - in Russia and other totalitarian states.

Why Japan?

As I know Japan already legalize bitcoin so it means that they fully support bitcoin in any transaction.
By seeing bitcoin value , there are some significant amount of demand that increase so it will attract more country that still not support bitcoin yet.

Imagine if all country legalize bitcoin ...

[jekjekman]

Ok. So for the past two months, everyday, I have been reading cryptocurrency news from all around the world. (mostly from news.bitcoin and cointelegraph) and I has summed up my top three over-all supportive and progressive crypto-communities (not just the legal factor). [Feel free to disagree with me or correct my words]

not in any order

DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.

1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.

2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.

3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.

This is sad less that a month after this thread was started Russia seems like not that supportive to crypto currency anymore or Bitcoin perhaps. It seems that Russia wants to have their own crypto currency and remove their competition from it.

I think most of the supportive countries " in terms of not being vocal about governing the coin" will be the country in Asia. South East Asia + Japan. Bitcoin is already widely used from this countries but you won't hear any negative news about it from these countries.

[Darklinkz]

I don't think russia is supportive and I rarely heard scandinavian countries doing it also but Japan is unarguable the most supportive so far because all people around the world knows that Japanese people are very discipline snd their government knows that bitcoin or crypto will not be abused.

[matuson]

Japan's economy is very closed. So they can afford such experiments. It seems to me that the attitude towards bitcoin in Japan, largely due to the mentality of the Japanese nation. They are mostly law-abiding and therefore, the legalization of bitcoin in Japan only increases the income of the Treasury. What works in Japan will not necessarily have success in Europe or America.

[Lannie25]

The most supportive countries in promoting bitcoin are; Japan, American and European countries. Their advantage in using technology and intelligence is great foundation to support the legacy of bitcoin in our industry.

[s31joemhar]

I think most of all the countries in the whole world supports the company of bitcion.
Since bitcoin provides all good benefits resulting to a innovation to start a new journey for success. From this many countries promote their services in the public.

[ember.suc]

United States of America. San Fransisco namely. Silicon Valley is much more adaptive in technology realms, which makes them more adept to accepting cryptocurrencies. But, interestingly I heard a case last year, where Cyprus citizens began buying BitCoins as their economy was imploding. [

[biskitop]

USA, Russia, Japan, South Korea. That's what I know. And from some of these countries, japan is the one who really support bitcoin. The last news I see, the Japanese state has benefited from bitcoin taxes. Because japan is now really the biggest transaction center in asia, and of course if the government imposes a tax on every bitcoin transaction, then it will be very profitable for the country.

[AlexInTheOcean]

I'm not sure regarding Russia yet, new regulations should be announced in the coming days. But Belorussia has on of the best crypto support overall.

[MisterPrada]

The government of Belarus has passed new statutes aimed in part at encouraging the development of companies around cryptocurrency and blockchain.

According to the state-owned media agency BelTA, on Dec. 22 Belarus President Alexander Lukashenko signed a digital economy development decree that legally enshrines the use of emerging technologies like blockchain, while also offering significant tax incentives in a bid to attract business activity.

The decree, as summarized by a local IT firm that advocated for the legislation, boosts development of the country's High-Tech Park, a special economic zone the government wants to serve as a hub for tech and financial startups.

One component of the law provides a legal basis for companies working on smart contract development, token issuance, cryptocurrency trading and mining – all of which would be exempt from income taxes for the next five years.

[Harlot]

I'm not sure that Russia belongs on the list. Like China, they have flip-flopped on cryptocurrencies for years. The Prosecutor General actually said in 2014 that using Bitcoin was illegal, because it functioned as a "money substitute." This stance was never enforced and indeed seems to evolved into a more progressive stance. However, they have continued to block access to cryptocurrency sites/exchanges, and released a new list of banned domains just a couple months ago.

The government has also made conflicting statements (and there are conflicting rumors). On one hand, the Finance Minister says it makes no sense to ban cryptocurrencies. On the other hand, there are rumors floating around about the "Crypto-Ruble" and that once it is launched, mining other cryptocurrencies will be considered illegal. I wouldn't include Russia simply because we have no idea what their regulations will end up looking like.

Japan, Norway, Sweden and Switzerland are definitely all taking progressives stances and are encouraging innovation and adoption.

I fully agree. Russia could not decide whether they would be really supportive of Bitcoin and the cryptocurrency movement in general or they would be following the ban path pioneered by China. Maybe by next year we can be able to know what can be its final decision. Right now, we are hoping that there can be a strong lobby from the many Russians who are now into the cryptocurrency market for the government to instead formulate regulations rather than an outright ban.

As far as the top supportive countries for Bitcoin, it should really be Japan at the top and we all know why. I think it is Japan that lead the way on how to work with Bitcoin and make things to the benefits of the country's economy. Other countries who are afraid that they can be gobbled up by Bitcoin should look at the model set up by Japan.

Right now, in Asia, we also have South Korea (though there is an ICO ban in there), Taiwan, Thailand, the Philippines and maybe also Malaysia, Cambodia and Vietnam as countries that can soon be loving Bitcoin. I am also excited of what the continent of Africa can be able to contribute for the progress of Bitcoin (it can be a good medium of exchange in places where conflicts are existing).

I also agree with you the Asian countries you have mentioned are friendly with Cryptocurrency users but the warnings about scams and potential ponzi schemes related to Bitcoin are being issued frequently. And I think South Korea and Japan are the Asian Countries who are really supportive of the cryptocurrencies especially Bitcoin as they think it will be good for their economy overall, because thinking of it Countries like South Korea who mostly accept Credit Cards will take advantage of another payment method outside of it.

[DenkoViewly]

Totally agree with you - you might want to add Holland and Estonia there. Especially Holland, there are so much HODLers there you would not believe it. People are actually getting themselves educated on daily basis on how to mine, trade and buy into Bitcoin. It's like the gold rush.

[Protected101]

Japan is the most supportive country in cryptocurrency and they are using it as payment system in their country.In fact it has a big growth because japan implement it as their digital currency,japaneses are using high technology and its good thing to know they spread it out and adapt it.