Which countries are more friendlier to crypto?

[Abiky]

With tightening regulations from the US and some countries worldwide, the growth of crypto and Blockchain technology is becoming somewhat slow. We've seen how the SEC has been against ICOs all along, while some people in the government have proposed to ban privacy-oriented cryptocurrencies. In other countries like China and India, they've been proposing to ban Bitcoin in its entirety which could have a huge impact on crypto's growth within such areas.

Why is why, I'm curious to know which country is the friendliest to crypto nowadays? Or, which countries are more friendlier to crypto than others?

There was once a site called "Bitlegal" which showed the countries of the world, that were friendly to crypto and Blockchain in general. However, it seems to be widely inaccessible these days.

Nonetheless, what are your thoughts about this?

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[serjent05]

Here is the list of the most friendly crypto together with the reason why. A Complete List of Bitcoin Friendly Countries. That is the latest article I got on the internet.

Most of those friendly country open their jurisdiction for cryptocurrency start-ups.  They either impose lower tax or have a light regulation on them.  

Also here is some list where Bitcoin is legal and illegal, adding the link of an article about The Most Crypto Friendly Countries for Investors.

[mersal]

Singapore and Japan are the most cryptocurrency friendly countries as far as I know,even binance is going to launch fiat to crypto exchange sote in Singapore soon.Not sure about the regulation on those countries but it is good to have some restrictions to control the usage of cryptos from bad activities.

[fallensky7]

Switzerland. Thanks to a loyal tax policy and ample opportunities to use cryptocurrency as a means of settlement, a number of well-known crypto projects have already been registered in Switzerland. Individuals can freely use cryptocurrency for mutual settlements. Financial transactions involving cryptocurrency are not taxed.

[Irviyandi]

Maybe in this world there are some countries that are quite friendly with the world of cryptocurenncy examples such as Japan Germany Russia and so on but I am more convinced that Japan that is friendly with the world of rubber cryptocurenncy has legalized bitcoin and the creator of bitcoin comes from the sunrise country, so in my opinion Japan  more friendly to the world of cryptocurenncy

[fvb]

Excellent decision made in Belarus.  Pay taxes is not necessary, full legalization.  Do you want to mine or sell, in general, everything connected with it.

[kanmo]

I think countries like Japan, Singapore and Malta are friendly when it comes to cryptocurreny at large. In those countries, there is no ban on any crypto activities, the countries gives free hand to her citizens to participate in ICO.

[dataispower]

Singapore is crypto friendly. Countries which do not place very high restrictions or tax on crypto related platforms especially exchanges are more friendly to crypto generally. Initially, India was crypto friendly not until presently that rumors have it that they imposed very harsh laws against crypto.

[Abiky]

Here is the list of the most friendly crypto together with the reason why. A Complete List of Bitcoin Friendly Countries. That is the latest article I got on the internet.

Most of those friendly country open their jurisdiction for cryptocurrency start-ups.  They either impose lower tax or have a light regulation on them.  

Also here is some list where Bitcoin is legal and illegal, adding the link of an article about The Most Crypto Friendly Countries for Investors.

Thanks for sharing this useful list of sites, mate. They give a detailed explanation of which countries are friendly to crypto and which are not. Luckily, I'm in the US which is a country with a friendly stance towards crypto. The growth here of Bitcoin and Blockchain technology, has accelerated a lot, and adoption has been widespread across several states. Still though, I don't agree with "BitLicense" extreme regulations for crypto businesses within the NY state, but I believe that there's room for improvement.

What matters is that Bitcoin and other cryptocurrencies stay as regulatory-compliant as possible, in order to survive in the mainstream world. If governments are able to tax crypto successfully, then there should be no reason to ban it. Sooner or later, restrictive countries like China and India will realize this, paving the way towards the growth of Blockchain technology within such areas.

I believe that if China takes a positive stance towards crypto, things will change for the better. After all, China is the epicenter of Bitcoin mining. The Chinese government could easily tax crypto, while implementing its own regulations.

Nonetheless, the world is realizing that Bitcoin and other cryptocurrencies are essential alternatives towards the current Fiat system. Hence, it's only a matter of time before all of the world's countries accept crypto and Blockchain technology as a legal alternative to our traditional economy. Just my opinion

[ilhamsugihamin]

in my opinion swiss, this country is open with crypto and the majority of Swiss residents have used crypto. besides that my own country is Indonesia, has reached 1.5 million registered people even more.

[welovedcrypto]

There are only few countries which are crypto friendly. Switzerland, Japan, Singapore,Malta, UK, Luxembourg and USA. This countries are more crypto friendly then other countries.

[Jpti]

There are many countries that are friendly with cryptocurrency. Japan, Singapore, Switzerland, some parts of the United States of America, Russia, Germany are the countries that give permission to deal in cryptocurrency to name a few. While many more countries are becoming friendly with cryptocurrency, some are coming harder on it. Like India is considering 10 years of imprisonment for dealing in cryptocurrency.

[mersal]

Singapore and Japan are the most cryptocurrency friendly countries as far as I know,even binance is going to launch fiat to crypto exchange sote in Singapore soon.Not sure about the regulation on those countries but it is good to have some restrictions to control the usage of cryptos from bad activities.

Yes but still they have been restricted it. Based on the list, I think Malta is indeed the most friendly on crypto. This isnt shocking cause even their government are relying on the profits of it. Their system is well accepted and I think its good.

It is a place related to gambling right?

Having restrictions over the bad thing actually create good opinion about cryptos to the people,so it is not too bad to have some regulations even from the crypto friendliest country because they accepted it and try to make it as best possible payment system.

[rachman mahesa]

in my opinion swiss, this country is open with crypto and the majority of Swiss residents have used crypto. besides that my own country is Indonesia, has reached 1.5 million registered people even more.

I agree with Switzerland, Switzerland, the majority of countries use crypto. And for Indonesia today there are indeed more cryptocurrency. But for crypto use as a payment, maybe not much. You mean that 1.5 million people registered, where are you registered? I myself just found out the amount.

[thesocialyatra]

Malta is the most Cryptocurrency friendly country in the world.In India when Goverment seaze the bank accounts of indian local crypto exchange most of exchange shift its office and operate there exchanges from malta. malta government welcome them.
I think Malta is Most crypto friendly Country

[Lagonda]

There are only few countries which are crypto friendly. Switzerland, Japan, Singapore,Malta, UK, Luxembourg and USA. This countries are more crypto friendly then other countries.

I agree with other countries, aside from the US. They're still struggling classifying crypto as asset or currency. Thus, there's no big, legit US based cryptocurreny exchange. The US are very astute in doing business but they're letting their huge exchange fees on the Chinese's pockets.

[mersal]

Malta is the most Cryptocurrency friendly country in the world.In India when Goverment seaze the bank accounts of indian local crypto exchange most of exchange shift its office and operate there exchanges from malta. malta government welcome them.
I think Malta is Most crypto friendly Country

When government wants money in anyway then they will allow anything by getting taxes from them.India don't have decisions against cryptos only banks have and its is not a surprise that banks against it because if cryptos grows then there will be no banks.

[rosezionjohn]

Most countries in Southeast Asia are crypto-friendly nations. I think most (if not all) parts of Africa too.
From where I am from, even the Central Bank approves exchanges to operate https://news.bitcoin.com/philippines-approved-cryptocurrency-exchanges/

[Lagonda]

Most countries in Southeast Asia are crypto-friendly nations. I think most (if not all) parts of Africa too.
From where I am from, even the Central Bank approves exchanges to operate https://news.bitcoin.com/philippines-approved-cryptocurrency-exchanges/

As far I know, aside from Singapore and the Philippines, other South East countries remain neutral on cryptocurrency although they may show interest on blockchain. If I'm not wrong, even Philippines' legend Manny Pacquiao took part in marketing process of GCOX exchange's ICO. (https://www.ccn.com/boxing-legend-manny-pacquiao-latest-celebrity-to-turn-ico-promoter). Good news is, South East countries mostly neither ban or support crypto, which means their citizens still can trade on exchanges.

[Augustyusuf]

several ICO project mostly was conduct on Europe and Middle East, so you can freely buy and invest on that country, and i think Asia too, crypto was legal on there.