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Author Topic: Which european countries are best for cryptocurrency startups?  (Read 218 times)
Ale88
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June 17, 2018, 04:30:36 AM
 #21

In Europe, I think, Switzerland is the best country for the crypto startups. They already have taken to make so many crypto friendly decision to expand its area. They are now crpto account in their banks. And these all decisions are taken by their Govt.
I agree, Switzerland is very crypto friendly and it's a good country also if you eventually need to move there. Probably in Europe is definitely the best option.

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June 17, 2018, 05:51:38 AM
 #22

One country that you haven't mentioned is Belarus, they've legalized cryptocurrency, ICO's and smart contracts at a national level.
Transactions made with crypto tokens are VAT exempt till 2023.

https://bitcoinmagazine.com/articles/cryptocurrency-friendly-regulations-belarus-could-attract-foreign-capital-and-icos/
This means even small countries in European Union is adapting cryptocurrency and this means only one thing that were nearer to beccepted by the world

I believe with this country's adaptions many will follow and next is other continents and next is the world

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June 17, 2018, 07:57:18 PM
 #23

I have hope that Britain deserves to be the largest country in the field of crypto, but it still has a long process, if it happens like a dream come true. but currently I think Russia is still the best in implementing cryptocurrency.
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June 17, 2018, 08:22:34 PM
 #24

With regards to cryptographic money, there are plenty of contrasts starting with one nation then onto the next in regards to controls and enactment. Which ones are the most appropriate in which to set up a digital money business?

One of the nations where numerous organizations officially chose to maintain their business in Estonia. There are a couple of reasons why you should think about this nation. First of all, Estonia is one of the nations with the most elevated web infiltration rates on the planet. There are Bitcoin ATMs, the first opened in Tallinn in 2015. Besides, the nation's administration is by all accounts prepared to take it to the following level, as it intends to make the purported "estcoin" - in fact not a digital money, as it's all the more a token, yet at the same time an incredible advance into the crypto world.

"We're attempting to make e-residency the best choice internationally for business people propelling a confided in ICO, while continuing with three variations of our own 'estcoin' underthought," Kaspar Korjus, overseeing chief of e-residency at Enterprise Estonia, wrote in a Medium blog entry. Talking about e-residency, this program enables anybody on the planet to apply for an advanced ID card and access Estonian e-administrations when intending to begin an organization in the East European nation. Estonia is on the way of getting to be outstanding amongst other choices when discussing safe ICOs, presenting the prerequisite of a digital currency trade permit keeping in mind the end goal to have the capacity to give such administrations. Fortunately, the neighbourhood Estonian controllers have a well-disposed mentality and will help you.

Another justifiable reason motivation to begin your business in Estonia is a positive duty strategy, as digital forms of money are not subject to esteem included expense (VAT). There are no eccentricities about ICOs, subsequently, no wage assess is connected to the point when an ICO's returns progressed toward becoming profits. Likewise, contrasted with different nations where cryptographic money business is supported, in Estonia the expenses of beginning a business are much lower.

Another nation splendidly reasonable for cryptographic money organizations in Switzerland. The Alpine nation means to end up the primary "crypto country," as the Swiss Economics Minister announced at Crypto Finance Conference St. Moritz, in January 2018. Switzerland is home to "Crypto Valley," officially celebrated for its business-accommodating administrative position and straightforwardness. The conditions for beginning another blockchain crypto business appear to be perfect, consequently, the interest for ICOs will continue in 2018. In Switzerland, cryptographic money charges contrast for singular financial specialists or expert merchants, so make a point to look for lawful guidance in regards to your business exercises.

What you should think about EU tax collection laws for digital currency?

While all inclusive there are a few nations that prohibited or set numerous confinements on digital currency, EU tax assessment laws have a tendency to be more lenient. In EU, there are a ton of tax-exempt crypto nations where there is no direction at all with respect to digital money. Concerning the nations that illuminated the tax assessment laws, here is the one that doesn't gather imposes on tomb organizations.
Denmark: Crypto exchanges are viewed as private in Denmark, in this way are not exhausted and the additions are assess exempted.

What does the future hold?

Regardless of whether tax-exempt or not, controls are in require with regards to digital currency. Switzerland, for instance, has a notoriety for tax avoidance. Additionally, crypto trades are an objective for programmers. On the off chance that as of recently just a limited section of the populace was occupied with cryptographic money, things are going to change, subsequently, more EU nations and those around the globe will approach diverse controls in regards to digital currency. Being in the know regarding cryptographic money could have a colossal effect on the way you build up your business. As digital currencies turn out to be increasingly mainstream, they can possibly completely change the way we ponder cash and exchanges. Enormous partnerships have just begun to receive this innovation, including IBM, Cisco, Bosch, American Express, Barclays, BNY and Western Union.

"In 10 years everybody under 30 will make genuine exchanges with crypto, in light of the fact that it's a stage in view of decentralized trust," Jim Dowling, the CEO of Crypto Trust, let me know in an email dialogue.
currently european countries like switzerland accept bitcoin well and recognize bitcoin as the official currency

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alyssa85
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June 17, 2018, 08:29:47 PM
 #25

According to the following article, the top 50 start-ups are as follows:

https://medium.com/@philippsandner/analysis-of-leading-blockchain-startups-worldwide-8ecee1a7d670



Out of the European countries, the UK and Switzerland seem to dominate, which shouldn't be a surprise as they are both financial centres with firendly regulators. And Switzerland is outside the EU and the UK is leaving the EU.

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June 17, 2018, 08:37:23 PM
 #26

Well, im from Italy, my country doesn't have a specific regulation for the cryptomarket, and even taxes from from crypto movements are not regulated. But recently the (in)famous exchange BitGrail has been targeted from laws and the bitcoins in their wallet seized by authorities. Not a good sign :|
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June 17, 2018, 08:43:53 PM
 #27

I'm studying this moment for me so it's Estonia and Gibraltar, where the most convenient legislation Estonia will be cheaper in processing documents!
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June 18, 2018, 05:19:26 AM
 #28

Switzerland always holds the first position in this case and Ukraine is also in the list.
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June 18, 2018, 05:45:41 AM
 #29

i think Switzerland would be the best choice for startups cryptocurrency.

On the other hand all those mentioned countries are already developed in terms of cryptocurrencies we Bitcoin users are  about to shine again a handle with Care must strictly imposed where about to spread world wide a nice future in coming generation.
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June 18, 2018, 06:07:43 AM
 #30

Switzerland is the best i think.

Yes Switzerland!!

Check out here: https://coinpedia.org/news/switzerland-state-backed-crypto-e-franc/
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June 18, 2018, 06:15:42 AM
 #31

Good to know that there is a handful of countries that is bitcoin friendly at the least. I’ve been hearing and reading news articles about Malta, it’s either the big names or companies are planning or just transferring its operations on that place, so I thought that would be a good country to be in.


Thanks for the link @sarajahon. “Central banks controlled crypto is good for economy”, I don’t agree as it is only good for their selfish profits scheme.

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June 18, 2018, 06:16:45 AM
 #32

great info  Grin
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June 18, 2018, 06:17:38 AM
 #33

i think Switzerland would be the best choice for startups cryptocurrency.

European countries are great in competitive businesses starting up with crypto currency exchange  they will much more grows thier economic stabilities where in low processing cost not anymore risky  have a good accomodation if all those countries mentioned above firming to justified and adopt bitcoin currency again another time we made a historical price increases  come on joined us European peoples.
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July 07, 2018, 05:14:34 PM
 #34

European countries are the best for start-up companies electronic money, I think the Swiss and Ukraine is a good choice.
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July 18, 2018, 08:49:32 PM
 #35

European countries are perfect for cryptocurrency startups  like Switzerland.

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July 18, 2018, 09:11:38 PM
 #36

i can say Switzerland and Estonia. Especially Estonia is trying to be a centre for crypto currencies. 3rd choice may be Ukraine like the others said.
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July 19, 2018, 07:32:13 AM
 #37

The most favorable European countries are Switzerland, Sweden, Estonia and Gibraltar
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July 19, 2018, 12:30:20 PM
 #38

I will go by Switzerland, they're the one's that I know slightly adopts cryptocurrency in a little way

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July 19, 2018, 12:58:47 PM
 #39

To my knowledge Switzerland is the best country for Cryptocurrency from continental Europe. but in addition to Switzerland of course there is another country that also receives Cryptocurrency well.
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July 19, 2018, 01:01:05 PM
 #40

One country that you haven't mentioned is Belarus, they've legalized cryptocurrency, ICO's and smart contracts at a national level.
Transactions made with crypto tokens are VAT exempt till 2023.

https://bitcoinmagazine.com/articles/cryptocurrency-friendly-regulations-belarus-could-attract-foreign-capital-and-icos/

that's how it should be. Hopefully by 2023 they will recognize crypto as money in general so the VAT or any other tax won't even apply, that would be very important
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