Which countries are more friendlier to crypto?

[setialovers]

It seems that my country is a country that is friendly to cryptocurrency. Even though we are currently not allowed to use crypto as a payment tool, we can trade crypto with fiat freely because crypto is considered a commodity.

[andika2018]

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.

You're spot on with Singapore, I will also add Japan, maybe Australia too. Meanwhile India has turn full cycle on crypto. Infact totally against crypto as things stand. Thus making me weary of any Indian run projects in the crypto space.

Japan has been known to be friendly to cryptocurrency. A few years ago, in Japan, I was able to make transactions at merchants using cryptocurrency. I think this is about the regulation of the government and the Japanese government providing leeway for regulation of cryptocurrency so that citizens understand cryptocurrency or blockchain

[coin-investor]

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.

I'm surprised that Japan is in 11th place, in my opinion, they are the friendliest, they have used Cryptocurrency a lot to groceries, airlines and I even read one article where some companies are offering Cryptocurrency as an alternative to their salary Korea should also be there maybe they are listed in the top 20, not in the top 11.

[princeyeboah]

The Philippines have shown greater level of enthusiasm when it comes to crypto as it is always seen in their news although they may lack some facilities that may boost its mass usage in their country such as adequate crypto merchants, Bitcoin ATM, own exchanges etc. Anyway, UK and Japan are also neutral and has shown great level of enthusiasm towards crypto.

[JeffBrad12]

my country is not so much friendly but also not so strict against crpyto market and bitcoin. There are 4 local exchange platforms that we can withdraw and deposit money from the banks.

It looks like your country are still included on the country that puts crypto in the gray area too and me too, but singapore is the best country for crypto startup because its regulation is so easy compared with another country. Switzerland was another country too but it's a bit complicated for crypto company to be registered on Switzerland.

[leea-1334]

Well, I read that the most friendly countries to the crypto currency are: Japan, Germany, Estonia and Singapore. Most of all I like Japan, this is the country where I can even move to live, since there are a lot of interesting things there, besides loyal crypto laws.

You have missed out the super friendly countries like Malta, Gibraltar and now recently San Marino. I was also thinking Japan and Germany but they are not friendly towards everything. Malta and Gibraltar for example actually have pure blockchain laws that were enacted specifically for the industry needs. There is a big reason Binance moved two times and ended up in one of those spots!

[TopTort777]

Well, I read that the most friendly countries to the crypto currency are: Japan, Germany, Estonia and Singapore. Most of all I like Japan, this is the country where I can even move to live, since there are a lot of interesting things there, besides loyal crypto laws.

You have missed out the super friendly countries like Malta, Gibraltar and now recently San Marino. I was also thinking Japan and Germany but they are not friendly towards everything. Malta and Gibraltar for example actually have pure blockchain laws that were enacted specifically for the industry needs. There is a big reason Binance moved two times and ended up in one of those spots!

I think that Malta is so friendly to crypto and any other kinds of investments, because their territory is so small and foreign investments and crypto free laws are the only keys to fill the budget and not turning into local branch of Congo, Uganda and etc.

[mammoniter]

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?

Based on my observation, I think the most friendliest nation to crypto are the european nations and some asian countries like singapore, japan, and indonesia. Most ICOs are actually originated in european countries and some famous exchangers are actually operated in singapore and japan. I think those nations are more open to the possibility of incorporating crypto into their society.

[Abiky]

Well, I read that the most friendly countries to the crypto currency are: Japan, Germany, Estonia and Singapore. Most of all I like Japan, this is the country where I can even move to live, since there are a lot of interesting things there, besides loyal crypto laws.

Japan is one of the most friendliest countries you could imagine. Knowing that NEM cryptocurrency has a lot of influence there, gives an indication of Japan's friendliness towards crypto. Japanese people seem to be very acquainted with the latest technologies. Which means that, they'll embrace new ones that are bound to change the world for the better (like Blockchain technology).

Usually any developed country is extremely friendly towards crypto. Only a small few countries like China and India have been against crypto, but that's bound to change soon. Russia was in the same stance as these countries, and now it has changed its mind. As long as crypto can be easily tracked and taxed by worldwide governments, then it'll be accepted as a legal form of payment.

The rest will depend on people's adoption within the mainstream world. Considering how viral Bitcoin and other cryptocurrencies became in 2017, the whole ecosystem will continue to grow into a solid workhorse for the world. Once crypto is strong enough, then it could easily compete against Fiat in many ways.

Nonetheless, with countries' acceptance towards crypto, new merchants and businesses could make use of this exciting new technology. As Blockchain becomes scalable enough to handle large TPS, it'll become the true replacement of our traditional financial system. Just my thoughts

[Mysteryla]

As far as I'm concerned, the most friendly countries to the cryptocurrency are those that have not yet interfered with the cryptocurrency

Some countries are left with no choice than to just allow it to have its course. Some countries are seriously ridden with poverty and seeing that their citizens have gone for an alternative, that will help to reduce or eradicate it, they just simply allow it.

[aji567]

in my opinion swiss and singapore countries are very friendly with the presence of crypto today. besides that Vietnam is also quite friendly and many crypto projects come from this country.

[rich93]

When it comes to crypto friendly country,  Singapore and Malta comes in mind these two countries have a good policies for crypto lovers,  no strict regulations no much tax on crypto investors

If we are talking about taxes, we can choose many European countries, where the cryptocurrency is officially allowed and there are no taxes at all, for example, such a country as Belarus

[lohladex]

It is true all these government of some countries placing some restriction on Crypto but not all of them . We still have some crypto friendly country that embraces cryptocurrency and blockchain technology. As far as i know Singapore, Malta Japan and Switzerland are Crypto friendly countries.

[Maxon111]

In my opinion, Gibraltar, Malta, Japan, Ukraine, Estonia and Switzerland are the most friendly countries in relation to cryptocurrencies and cryptocompany.

[monalia]

My knowledge Singapore reserve one of the friendliest country for crypto investment.
You want to do any startup business with the idea in cryptocurrency you can go ahead and start your business at Singapore from that e-estonia has e-governance with blockchain enabled. Maybe they have big business background with cryptocurrency.

[yvesp110]

in my opinion swiss and singapore countries are very friendly with the presence of crypto today. besides that Vietnam is also quite friendly and many crypto projects come from this country.

Yes all these counties are good for crypto currency as they are liking them as crypto currency gives us better future, in my country crypto currency is really valuable, singpur and Philippines are going to make it legal and allow their people to invest and to make their life even better, India and Japan are now accepting crypto currency more these days.

[cak imin]

There are many countries that legally accepted to cryptos, but there is one country that more friendlier to cryptos that country is Japan.

yes I agree with you, the use of crypto in Japan is very developed, different from other countries. even in my country I do not reject crypto, but only recognize it as an investment asset. the use of crypto as a currency has not happened in my country. need more big countries that prove the effectiveness of using crypto as a means of payment.

[mattadc]

Most Economic Country are friendlier to crypto just like Singapore and Japan those country are E-commerce and also there are opportunity that bitcoin will be notice to the investor introduced the power of blockchain and mostly ICO's investor are from Singapore and Japan.

But I would also note China, because this country has contributed a lot to the cryptocurrency, and a lot of projects have been created in China

[Vinalians]

I think Korea and Japan will always into crypto because they are the most advance when it comes in technological devices and trends. Cryptocurrency is one of that for sure. In fact, they are already selling cars and they accepting bitcoin as a mode of payment just google it and it will for sure appear. Many crypto will rise soon and I hope they will be accepted in many countries. Adoption is happening, I see a beautiful future to all of crypto lovers out there.
Those countries that still didn't accepting crypto, I think they should think about it again because it can be the greatest regret that they made if experts are right in their speculation of the value of bitcoin.

[semobo]

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?

I think all the people in all over the country will definitely friendly to the currency but you will not never support cryptocurrency in any situation because their economical situation will definitely effect when they are legally accepting the date of release function that's why I think this is the current situation now.