Crypto-friendliest country in the world?

[bobsav2121]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

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[Spendulus]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

Estonia.

[KingScorpio]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

how do you define "cryptofriendly"
?

the stupidity of the population to sell their life and time for money?

regards

[Daniel91]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

Estonia.

I heard that Estonia is a highly digitized state, where you can even vote online, or start a business, make new documents etc.
I hope other countries will follow their example.
Do you know what about paying taxes on crypto earnings?

[okala]

Malta to me still remains the cryptocurrency friendlies country in the world with their recent approval of virtual finance agents which is not far from crypto adoption and digital assets usage. They are also on the line to have the world first cryptocurrency regulations and being first to become the country to have regulated crypto coins if the sec process go through and approval is given.

[Beerwizzard]

First of all you should consider what is a crypto friendly country for you. In most EU countries and in US you won't get to jail (or even your bank accounts locked) for having some crypto coins. It is also possible to make some crypto payments. And it is totally legal. But for some reason people are still searching for friendlier country.
I would also suggest that US would be a better country simply because if you are looking for a place, with a developed economy and financial markets, that are constantly implementing different instruments then it would be US.

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

Estonia.

By the way Estonia is probably the most IT friendly country in the world.
People are leaving it and the government is struggling to use different IT things in everyday life.

[erikalui]

But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?

I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.

[newbie0506]

Southeast Asian countries are , in my opinion, the crypto friendliest countries in the world. Some are having stricter policies (I'm not sure if Singapore is part of it) but Malaysia, Philippines, Thailand, etc. are good examples.

[haseeb ahmed]

i think Japan is the most friendliest country for Crypto market. Japan not only allow its usage but also regulated it and put it under the tax net through which they can eliminate the negative effects and everyone will be able to use it legally.

[omonuyak]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

Malta is really supporting cryptocurrencies and it is one of the most cryptocurrencies friendly country in the world.  However country like South Africa,  Japan and India are cryptocurrencies friendly countries.

[pangu]

I've been wondering for a while now which country in the world is the most "crypto-friendly" if that makes any sense... and I don't mean it with a negative connotation. I really wish to find out which country supports crypto and sees crypto as a potential way of taking over fiat. Any suggestions?


Edit: I found this cool article about Malta being super crypto friendly? https://cryptotradernews.com/cryptocurrency/why-crypto-millionaires-love-switzerlands-taxation-policies/ Although most of these perks only apply to millionaires?

Estonia.

Estonia is Crypto Friendly: True or False? - Named “the most advanced digital society in the world” by Wired:
https://coinmetro.com/blog/estonia-is-crypto-friendly-true-or-false

[squatz1]

But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?

I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.

Doesn't the UAE only do this for certain businesses? I didn't know this was something that extended to individual peoples incomes and such, just thought it was a tax break as a way to attempt to bring businesses (and therefore jobs) into certain 'economic free' sectors. Which is just a fancy way of saying that they're not going to be charging tax in that area for reasons of economic development.

[KennyR]

But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?

I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.

This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain.

[squatz1]

But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?

I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.

This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain.

Alright, that's what I was thinking anyway.

Not surprised to see a nation which is attempting to be startup friendly -- as that does make sense, though being Crypto friendly may make you a target of certain nations that are already in control of the current banking system. If you know what I mean.

[Artemis3]

Estonia.

Is anyone from Estonia around? What makes this country in particular so crypto friendly? I read they are very IT friendly though.

[TheHas]

Cyprus is becoming a bit of a crypto start up hub for the European region: https://www.entrepreneur.com/article/325502

It is hard to say what country in the world is the most friendly to crypto, but each region seems to have at least a couple of countries pushing into that space with favourable legislation and regulations, such as Estonia, Singapore and Cyprus.

[okala]

Estonia.

Is anyone from Estonia around? What makes this country in particular so crypto friendly? I read they are very IT friendly though.

Estonia have indeed try in terms of improvement of they IT technology and that have open doors for cryptocurrency activities but at that due to high cost of electricity the mining farms may not perform to expectations in Estonia. But aside the cost of power I think the country is one of the crypto friendly country.

[erikalui]

But at the same time people holding Swiss bank accounts are considered criminals for money laundering so how it's crypto-friendly when it is considered illegal to hold money in those bank accounts?

I know UAE is not crypto-friendly but they literally charge 0 taxes even if you have millions in your bank account and don't even ask much questions.

This was long back. Now these people too have begun to levy taxation in different forms. They aren't crypto friendly, as of now they are technology focused. Particularly they keep themselves into the development of integrating each and everything with the blockchain.

Ok, but what are UAE's tax rates then for crypto currency? I haven't found any information about this online and hence thought it is the same as their taxes for salaried people which is 0.

[jjbanks994]

I would say somewhere in Europe maybe Denmark or Switzerland? Total guess.

[TheHas]

I would say somewhere in Europe maybe Denmark or Switzerland? Total guess.

That was a total guess. As you can see from the other responses, places like estonia or cyrpus or singapore are more crypto friendly in terms of regulation and taxation arrangements.