Most crypto friendly countries in Europe

[marmeladko]

I am interesting when all countries over the world will integrate Bitcoin and cryptocurrency in their economic system. I want to see cryptocurrency debit cards, opportunity to spend them in supermarkets, real life, pay bills and taxes with BTC.

[Abarov]

I've heard that France wants to be the new Switzerland for ICO's and wants to be home for the new ICO's - so it should probably be on this list also.

A very good strategy for attracting investment in the country. I think this is a very good leap will give, if they realize their plans.

[Betwrong]

I found this article, and I am just curios do you agree with the author? Are these countries most crypto friendly in Europe?

https://icoguide.com/en/blog/5-most-crypto-friendly-countries-in-europe

Although I agree that Switzerland, Denmark, Estonia, Slovenia and Georgia are crypto-friendly countries I don't think they stand out that much to call them the most crypto-friendly countries in Europe. In fact almost all the European countries are very crypto-friendly with the exception of Republic of Macedonia which government should be ashamed of the fact. I wasn't able to find the relevant info on some Eastern European countries, so, please correct me if I was wrong and there are more countries in Europe, apart from Macedonia, were Bitcoin is illegal.

[IamAltcoinfan]

Northern Countries know what they are doing. That's one reason why they are the happiest countries in the world. They know what's going to happen and they know what to do

Really great  i always wonder about these people yes i have seen one article from the guy who sold everything for bitcoin while its price was around 2000$+ . Still i cant imagine how the people taking that much risk and believing . In my country even simple news making lots of panic sell.

[Adunni6758]

Yes, you are right. The have started seeing the glimpse of it that cryptocurrency will soon be embraced by many governments, even those that seems to be calling for ban. There are countries that gave now accepted cryptocurrency and some have commenced its use as a means of exchange. Apart from it being used as a means of exchange, some have also seen its usefulness in terms of its technology. Cryptocurrency has really got a good future.

[Bitze]

there are really many ico in and from switzerland.
this indicates that the laws in switzerland are good.
but i think germany is not so bad either. there are also Wysker, Envion + Savedroid. so it is possible

[Palmerson]

I am pretty amazed to find out that Estonia is so much crypto friendly. I live in Europe and I didn't know this

Estonia has very loyal legislation. Many countries are now struggling with the Estonian government because the business chooses this country to minimize taxes. There is even an opportunity to get e-citizenship of Estonia on the Internet. This does not give the right to become an Estonian citizen, but you can register and conduct business in this country.

[Smeilz2017]

I found this article, and I am just curios do you agree with the author? Are these countries most crypto friendly in Europe?

https://icoguide.com/en/blog/5-most-crypto-friendly-countries-in-europe

hi, I think Belarus as Eastern Europe  country should be included to the list.  Republic of Belarus introduces some liberalisation of the business environment for the innovative and high-tech sector and the status of cryptocurrency.

[ShareAccepted]

Switzerland is probably the most crypto friendly, as they are friendly to anything than makes their Assets Under Management grow and particularly if it is not transparent.

[Herp-a-derp]

It's good that there are such countries in general. Despite the general attitude of government structures to crypto-currencies

[Boristhecat]

I am pretty amazed to find out that Estonia is so much crypto friendly. I live in Europe and I didn't know this

They are not an advanced economy, so they are looking for different options to succeed in something. It makes me very happy, I see this country as potentially possible for moving.

[eternalgloom]

I really do hope that other European countries will follow suit eventually and create an open environment for crypto related industry.
Also, not on this list but I've read that Belarus is also quite friendly towards cryptocurrency.

I am pretty sceptical however that the EU will pass regulations any time soon.

[Tapyaks72]

I am pretty amazed to find out that Estonia is so much crypto friendly. I live in Europe and I didn't know this

They are not an advanced economy, so they are looking for different options to succeed in something. It makes me very happy, I see this country as potentially possible for moving.

Yeah because the world economy is being dominated by only few countries that they feel they are superior, and third world countries being suck by monster country all they want  to get the resources those countries. It's a good  ideas to engage in crypto currency to alleviated their economic status.

[DikkieD]

Countries with the most freedom tend to be the most lenient towards new developments. Right now though it is Swiss, Lichtenstein among the most crypto-liberal...but The Netherlands and most Scandinavian countries will follow suit. Even if they start with some regulations, I trust it will be for the better (in my case since I am living in The Netherlands). I can imagine that in other countries this might be perceived completely different (any form of regulations).

[AlekSandRAx]

I found this article, and I am just curios do you agree with the author? Are these countries most crypto friendly in Europe?

https://icoguide.com/en/blog/5-most-crypto-friendly-countries-in-europe

Very good article. However, Georgia is not in EU and it's harder to live there. It's much easier to choose another EU destination if you don't want to fill 5 tons of paper.

Do you know what is the Capital Gain tax for cryptos in Slovenia, if any?

Tax treatment of cryptocurrencies

Furs again clarified the tax treatment of individuals and companies involved in the process of cryptomining. “Cryptocurrency mining is a non-VAT transaction,” they wrote. Miners also do not have the right to deduct VAT in the purchase of software and hardware for the mining of crypts. ‘The only right to deduct would be in cases where the confirmation of transactions with cryptocurriences would be exempt from VAT. In this case the suscriber outside of the Union would confirm the cryptocurrencies.

Income of natural person in the form of a virtual currency, for example bitcoins, in mining, is taxed as a second income. This is according to Article 105 of the Income Tax Act – Zdoh-2. The level of income in euros shall be determined taking into account the value of cryptocurrencies in euros at the time when the income is received.

From income from capital income, you do not have to pay income tax. You do not have to pay any tax on capital gains.

Otherwise, if a company or a natural person owns crypocurrency and is performing an activity – it has a registered status as a sole trader. If an independent entrepreneur trades with a cryptocurrencies or receives bitcoins with mining, then the profits will be taxed according to the taxation of income from the activity.

So shortly: capital gains are not taxed (yet)  

On Bitcoin ATMs there are Fees from 4.8% to 5.5%, no tax.

You can find more about it: https://data.si/en/blog/tax-treatment-cryptocurrencies-slovenia/

[Baltman]

I noticed that a lot of projects are in Latvia and Latvia
I do not know what is there with the legislation, but there are such projects as Universia, Neuromation and other

[KryptoKai]

Germany should be on that list as it has an advanced economy and is allowing bitcoin to trade there. Also, LISK is from germany and is going to be the bigger and better version of ethereum. They are releasing their product this year and everything is pointing to the sky!

[Bencus]

Hmm. Generally, Europe is pretty welcoming towards crypto. These countries are surely deserving their place on the list. However, it is interesting to see that Belarus is not on the list. Lately, Belarus made changes which highly benefit companies, miners, etc. in the crypto market.

"Lukashenko’s decree introduces tax breaks and other incentives for crypto businesses until January 1, 2023. No taxes will be imposed on companies that profit from mining, issuing and placement of digital coins. The same applies to crypto-related income of private individuals from mining and trading cryptocurrencies. In the next five years, even crypto firms based abroad will not be taxed." - https://news.bitcoin.com/crypto-business-is-now-legal-in-belarus/ (there are other reasons in the article to consider)

Also, governments can change their attitude towards cryptocurrencies pretty quickly, so this list might change quickly.

[MGmahesh]

 at first I did not think, not terbesit bit, but in fact it really gives a surprise that is unexpected, some countries in europe was good and friendly, if so this becomes a big potential in the next few years will occur equity technology blockchain crypto world. could be Europe as a future crypto promoter.

[ICO Lancer]

Germany should be on that list as it has an advanced economy and is allowing bitcoin to trade there. Also, LISK is from germany and is going to be the bigger and better version of ethereum. They are releasing their product this year and everything is pointing to the sky!

Germany is definitely one of the bigger powerhouses in Europe, in all things finance, crypto, etc.

But it's just that I don't really see a lot of headlines connecting Germany with crypto world for some reason, compared to other countries.