Which country to Immigrate for making fortune in crypto currency

[STT]

Tokyo is just one part of Japan and I think its cheaper then London now not sure.    Japan overall has a declining population and likely they need growth in their working population for continued success.   In theory it shouldnt be a bad place to locate however I dont believe its easy to learn or to integrate exactly and there is a long history of Japan being isolated.
I only know of one friend who moved there and its mostly because he is married to a Japanese woman which probably makes a massive difference.   Not sure Im clever enough to learn a language like this late in life but my friend teaches English as a job now.  (it takes more then money)

I wouldn't choose any former soviet union country for a place of permanent residency. Many of them, including Belarus, use different alphabet and have their own local currencies. I'd describe most of those currencies as weak and not the best stores of value.

this thread is ridiculous. for 200,000 dollars i probably wouldn't move to a town 10 miles away i didn't like, let alone a 100% alien country that's also backwards and repressive.

there are some real cheapskates out there happy to ruin their life to save a little bit of money.

well there is also Puerto Rico which is US territory not a state and is tax free of federal income taxes for US citizens.  Quite a few from crypto community operate here now apparently

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

The major point to realise here is the profits you have already occured.  Its possible the taxman will not recognise you moving after the fact.    Going forward you would not pay taxes on your gains after moving to the tax free area but to realise profits from an old holding of Bitcoin, this might still be liable.    Speak to a professional accountant is probably best

[richardsNY]

Japan legalised the crypta not so long ago,but they are changing the rules for exchanges and businesses towards more stringent control
some exchanges announced that they consider moving to a different country,so it is not all milk and honey

Japan has forced through certain measures concerning exchanges, but we can only be happy with that since they are responsible for maintaining billions of funds in a secure manner, which Coincheck didn't really manage to do considering that they lost $500 million in funds due to a "hack". There is really nothing that justifies an exchange to have $500 million in crypto assets sitting in a hot wallet. Even worse is the fact that it was just one coin, so imagine how much value they had sitting in all their hot wallets at that point. I am happy with stricter rules, because these "hacks" will very likely occur less in the future.

but if you do have alot of money or a cryptorelated business,Japan or Switzerland are the best choices,IMHO

Japan's crypto related capital gains peak at 55% which might not necessarily be a smart move in case you are a deep pocket trader.

[Hannahanto]

From starting itself japan would support cryptocurrency, and they allowed the people to use cryptocurrency with some limits. It creates some rules and regulations to use crypto in their country. Japan is very supportive to blockchain technology. People in japan are also supports and develop new technologies. Some othet countries also now accept bitcoin. Countries such as Singapore, Switzerland, United Kingdom, Belarus. These countries are recently accepted cryptocurrencies.

[Oilacris]

I would either go to Switzerland or Japan if I have that amount of money to withdraw or made profit. Because both of these countries are crypto-friendly and I highly doubt you will have problems making transactions or whatsoever in this country for as long as its not illegal.

both countries are VERY expensive to live in
Switzerland and Japan are among top 5 countries in the world, you got to have a steady income to live there
Tokyo topped the most expensive capitals of the world list for several years in a row
Japan legalised the crypta not so long ago,but they are changing the rules for exchanges and businesses towards more stringent control
some exchanges announced that they consider moving to a different country,so it is not all milk and honey
but if you do have alot of money or a cryptorelated business,Japan or Switzerland are the best choices,IMHO

When it comes to migration into those countries mentioned then the standard of living is really way too expensive which the main issue on here would be the sustainability and same as you said if you do have lots of money then you can do migrate into those places but be sure that you wont able come to a point on where your money is gradually decreasing without having any income support then i do see this thing would really be a bad idea.

[MCVXYZ]

I think Iceland or Republic of Georgia will be very good decision,Because of too many advantages.In Georgia there is no strict special regulation,Just general norms which are very liberal for business investors,especially for foreigner investors,Additionally government is trying to create more and more good business environment to develop business-technological sphere,bitcoin blockchain technology is already the part of public space,Also there is cheap electricity and too many alternatives...Anyway  there are too many advantages,such as cheap workers,cheap electricity,etc.

[veleten]

I think Iceland or Republic of Georgia will be very good decision,Because of too many advantages.In Georgia there is no strict special regulations,Just general norms which are very liberal for business investors,especially for foreigner investors,Additionally government is trying to create more and more good business environment to develop business-technological sphere,bitcoin blockchain technology is already the part of public space,Also there is cheap electricity and too many alternatives...Anyway  there are too many advantages,such as cheap workers,cheap electricity,etc.

if you have never lived in ex-USSR countries before
it could come as a shock to you,Georgia,Ukraine,Russia etc.
Georgia is one of the last choice I'd make if I had enough bitcoins
it is a poor,troubled country,they love to overthrow their goverments and have "orange revolutions"
the only advantage I see-it is cheap to live there and electricity is relatively cheap,too
but if you are used to the western standards of life,you will find the countrie's infrastructure lacking,to put it mildly

[Blondy12]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Why would you suffer being away with your friends, loveones and your beloved hometown because of cryptocurrency? I believe that in the near future, cryptocurrency will be recognize around the globe and be use as a normal currency like paying goods and establishment that will accept bitcoin as payment for the goods. We are in the millennial world and people nowadays always preferred to use technologies for faster transactions and bitcoin are one of those.

[veleten]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Why would you suffer being away with your friends, loveones and your beloved hometown because of cryptocurrency? I believe that in the near future, cryptocurrency will be recognize around the globe and be use as a normal currency like paying goods and establishment that will accept bitcoin as payment for the goods. We are in the millennial world and people nowadays always preferred to use technologies for faster transactions and bitcoin are one of those.

some people are cosmpolitans like that,money and the ability to make money means more than relatives,home town,country etc.
but you cannot really blame them for that,blame the society and education (just kidding)
but ,for example,if your business you have been dedicating your life to is no longer welcome in your country,you will be looking for a better place for sure

[Lanatsa]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

Why would you suffer being away with your friends, loveones and your beloved hometown because of cryptocurrency? I believe that in the near future, cryptocurrency will be recognize around the globe and be use as a normal currency like paying goods and establishment that will accept bitcoin as payment for the goods. We are in the millennial world and people nowadays always preferred to use technologies for faster transactions and bitcoin are one of those.

some people are cosmpolitans like that,money and the ability to make money means more than relatives,home town,country etc.
but you cannot really blame them for that,blame the society and education (just kidding)
but ,for example,if your business you have been dedicating your life to is no longer welcome in your country,you will be looking for a better place for sure

If thats the case where you business is affected specially when its your main income then you would really be forced or need to migrate for the better good.Society do have different level of financial capacity and ability which would really be the factors to be considered or to be think off by a certain individual if he would proceed such plan or not.We are the dictator of our own future if we do see the potential.Why not?

[MCVXYZ]

I think Iceland or Republic of Georgia will be very good decision,Because of too many advantages.In Georgia there is no strict special regulations,Just general norms which are very liberal for business investors,especially for foreigner investors,Additionally government is trying to create more and more good business environment to develop business-technological sphere,bitcoin blockchain technology is already the part of public space,Also there is cheap electricity and too many alternatives...Anyway  there are too many advantages,such as cheap workers,cheap electricity,etc.

if you have never lived in ex-USSR countries before
it could come as a shock to you,Georgia,Ukraine,Russia etc.
Georgia is one of the last choice I'd make if I had enough bitcoins
it is a poor,troubled country,they love to overthrow their goverments and have "orange revolutions"
the only advantage I see-it is cheap to live there and electricity is relatively cheap,too
but if you are used to the western standards of life,you will find the countrie's infrastructure lacking,to put it mildly

I don’t understand why its the last choice when there are too many advantages.
What you said is not right,because today Georgia is one of the most safe country and government trying to do everything to create free business environment too.just look at bitfury or another giant companies which have already started their cryptocurrency business in this country.but everything depends on what kind of business are we talking about...of course,may it is not the unique and the most developed but here for me are very interesting and good environment to make  my own little,progressive business.

[Tigorss]

If that happens to my country, I will try to make it in Singapore, or Japan with a country that always supports technological progress.

you should not be mistaken some small countries that have problems in the economy try to adopt bitcoin with a few years time alone their economy can be helped by the presence of bitcoin.

[veleten]

I think Iceland or Republic of Georgia will be very good decision,Because of too many advantages.In Georgia there is no strict special regulations,Just general norms which are very liberal for business investors,especially for foreigner investors,Additionally government is trying to create more and more good business environment to develop business-technological sphere,bitcoin blockchain technology is already the part of public space,Also there is cheap electricity and too many alternatives...Anyway  there are too many advantages,such as cheap workers,cheap electricity,etc.

if you have never lived in ex-USSR countries before
it could come as a shock to you,Georgia,Ukraine,Russia etc.
Georgia is one of the last choice I'd make if I had enough bitcoins
it is a poor,troubled country,they love to overthrow their goverments and have "orange revolutions"
the only advantage I see-it is cheap to live there and electricity is relatively cheap,too
but if you are used to the western standards of life,you will find the countrie's infrastructure lacking,to put it mildly

I don’t understand why its the last choice when there are too many advantages.
What you said is not right,because today Georgia is one of the most safe country and government trying to do everything to create free business environment too.just look at bitfury or another giant companies which have already started their cryptocurrency business in this country.but everything depends on what kind of business are we talking about...of course,may it is not the unique and the most developed but here for me are very interesting and good environment to make  my own little,progressive business.

again,if you do not live there,then you do not know what are you talking about
safe in Georgia *inserts homeric laughter*
Bitfury only set their facility there AFTER setting up a separate agreement with the goverment of Georgia
and only because the power was cheap enough and they got guarantees from the goverment that their business will be safe
same deal,by the way,they struck with the ukrainian goverment,don't see them setting up facilities there
just because Ukraine is a more corrupt and less safe version of Georgia with more expensive elecricity too
the main thing is that one day you can and most likely will,wake up with a couple of dudes standing by your bed,with automatic rifles politely asking you to share
have fun lecturing them on the "freedom of business" topics

[LegendzX]

You can open e-citizenship of Estonia via the Internet. This country is loyal to the use of cryptocurrencies. You register a legal entity in Estonia and you can even help your friends exchange cryptocurrencies for Fiat. Thanks to the Internet we do not need to travel to different countries. You just need to set a goal and study the question.

So meaning to say after filling the form for applying e-citizenship to Estonia via internet I will be officially legal citizen on this place? Am I right? If this is how I become easily a citizen to this country, it gonna be my all time lucky day and aside from that I am able to withdraw my $200k USD. Can you tell me more about it?

[LegendzX]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

I have a feeling that you don't need to go to abroad and change your citizenship just to withdraw your $200k because you can sell it through online by accepting fiat money using any card to make a successful transaction. But I think this gonna be hard because what I know making transaction from crypto to fiat has less than percent of users than crypto to crypto.

[lynttrs]

Hello Crypto Currency Experts,

Suppose you make 200k USD proft, but your country does not allow you to withdraw money from crypto exchange to bank.

So you have only option to take "permanent residence/citizenship" of another country, which is crypto-currency and immigration friendly.

There are a number of different countries that accept bitcoin and are crypto-currency friendly like Switzerland, Japan, United Kingdom, Netherlands, and Denmark. But if there are options online to solve the problem then that would be better than immigrating.

[act now]

If we are talking about Asia, then, as there was already mentioned, such a country is Japan. If we are talking about Europe, I recommend Malta, where the cryptocurrency exchange Binance has recently moved.

[olubams]

At the rate at which regulation is going, in the next five years any country that seems palatable to run to would become un-habitable if its going to be full reliance on wealth from crypto and for those that would still be behind in the next 5 years, then as at today, basic amenities of life including civilisation and internet is yet to get to them. Rather than living to a country to be chased out in the next five years, the best is to find a way to live within the confines of the law in any country one is resident at this time as that would surely be the end game. Why not start now?

[procrastinationtm]

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[procrastinationtm]

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[procrastinationtm]

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