Which countries are more friendlier to crypto?

[flemmings02]

I haven't studied much about crypto restriction in some certain countries, but a lot of start ups and project I've seen are mostly from, based in or have an affiliation with countries such as malta, slovenia and mostly estonia. I think those are the 3 countries with biggest support for cryptocurrencies.

[ganeshramk]

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 this list. I was actually looking for that for sometime now. More and more countries are coming up with their own rules and regulations now for the crypto which is really a good sign overall.

[akram143]

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 the current situation that lots of country are friendlier to the cryptocurrency but no one will hundred percent trusted that vector field to be successful in the future and helpful for their country development and lots of complication is also available for legalizing it that's why I think till now it is in the middle situation.

[xamxam]

One of the countries that are more friendlier to crypto was Australa, Europe, Japan, China, Russia, and Korea, Singapore and Philippines those are the nations on which I knew that are open now into crypto currencies and had their own exchange to each of them for sure.

[tabas]

One of the countries that are more friendlier to crypto was Australa, Europe, Japan, China, Russia, and Korea, Singapore and Philippines those are the nations on which I knew that are open now into crypto currencies and had their own exchange to each of them for sure.

China? they have most of the miners in the world but it's very confusing regarding their whole stance in the crypto market. A lot of news came out that crypto is ban but it seems that ICOs were the only thing that has been banned on them. Well before they are one of the biggest country and influencer in the crypto market but now it has changed. Don't forget about Malta.

[Menawi12]

One of the countries that are more friendlier to crypto was Australa, Europe, Japan, China, Russia, and Korea, Singapore and Philippines those are the nations on which I knew that are open now into crypto currencies and had their own exchange to each of them for sure.

Japan is the first country to allow transactions at merchants using bitcoin. Japan has always loosing tight on regulations for cryptocurrency and I think Japan is the most friendly country. But now many countries allow crypto transactions but crypto as a commodity

[suzanne5223]

One of the countries that are more friendlier to crypto was Australa, Europe, Japan, China, Russia, and Korea, Singapore and Philippines those are the nations on which I knew that are open now into crypto currencies and had their own exchange to each of them for sure.

China? they have most of the miners in the world but it's very confusing regarding their whole stance in the crypto market. A lot of news came out that crypto is ban but it seems that ICOs were the only thing that has been banned on them. Well before they are one of the biggest country and influencer in the crypto market but now it has changed. Don't forget about Malta.

China is a semi crypto friendly country to me because they only support cryptocurrency in stance which they will only profit from it but they don't totally ban cryptocurrency there but there are some certain rules and restrictions involve in crypto trading or investment there.

[JuliaJi]

Ukraine is very friendly for crypto currency, in some shops we have possibility to buy products by bitcoin!

[tabas]

One of the countries that are more friendlier to crypto was Australa, Europe, Japan, China, Russia, and Korea, Singapore and Philippines those are the nations on which I knew that are open now into crypto currencies and had their own exchange to each of them for sure.

China? they have most of the miners in the world but it's very confusing regarding their whole stance in the crypto market. A lot of news came out that crypto is ban but it seems that ICOs were the only thing that has been banned on them. Well before they are one of the biggest country and influencer in the crypto market but now it has changed. Don't forget about Malta.

China is a semi crypto friendly country to me because they only support cryptocurrency in stance which they will only profit from it but they don't totally ban cryptocurrency there but there are some certain rules and restrictions involve in crypto trading or investment there.

The news were confusing that says they are all in for crypto ban but later on the news tells that they just banned the malicious ICOs.
Then the ICO market is about to be gone which means that China has nothing to ban completely now because people's attention are no longer into it.

[Abiky]

China is a semi crypto friendly country to me because they only support cryptocurrency in stance which they will only profit from it but they don't totally ban cryptocurrency there but there are some certain rules and restrictions involve in crypto trading or investment there.

As far as I know, mining Bitcoin is not illegal within China. That's why Bitmain has successfully established its business without restrictions. Of course, China has been concerned about ICOs and crypto trading. But nowadays, ICOs are a thing of the past where most countries don't need to worry about them. As long as crypto can be easily taxed, then I see no reason why they should ban it. China could see the opportunity this brings to it, adopting crypto and Blockchain technology every step of the way.

Speaking of China, the NEO blockchain seems to have strong ties with it. NEO, being a Chinese project, aims to bring a smart economy for the world. It hopes to collaborate with the Chinese government in order to establish digital identities across its Blockchain platform. This means, that slowly but surely, crypto is becoming friendly to even the most restrictive countries in the world.

Nonetheless, crypto seems to be highly friendly towards developed countries. If we were to categorize them in order, from the most friendliest to the most restrictive ones, then it would be as follows: Japan, UK, Malta, Singapore, and the US. As crypto improves over time, it'll become much faster and cheaper like never before. Such benefits will become attractive towards the eyes of governments worldwide, effectively embracing crypto and Blockchain tech like you've never imagined. Just my opinion

[sixtyonefourfive]

Australia is certainly very friendly to crypto but you must pay tax on crypto profits https://www.coinspot.com.au/buy/hst

[other_side]

You are in cryptocurrency, you know that cryptocurrency isn't legal in some countries. If you check highest volume, banned country always highest.

It is true that the more people prohibit marketing, the more people will care about them. Bitcoin and the crypto market are no exception

[elcoblast]

i think Russia is a friendly country for cryptocurrency, like we know many project are launched from this country and the goverment are supporting blockchain and cryptocurrency industry, and another country maybe China, australia, Japan, Estonia

[Mr.Spreadthehamster]

Indeed, the most friendly to cryptography are progressive countries such as Singapore, Japan and Korea, as they are the first to introduce and prove the value of new technologies for society and do it quite successfully.

[Shallow]

Although there are many countries now supporting the affairs of cryptocurrency and blockchain in their own way, there is a country I believes that stands out and that is Switzerland. Switzerland government regulations are friendly for the blockchain space thus the reason most upcoming blockchain projects are launching there. Another country is  Malta, their regulations too is friendly as there are already launched blockchain projects.

[TheBusstop]

from the African continent, i only know that the following countries are bitcoin user friendly, Nigeria, Ghana, Kenya, Uganda.  south Africa. i know there are other countries that support bitcoins but few are familiar and are crypto friendly.

[Raymondavid47]

Nigeria is pretty friendly with crypto. The government of Nigeria has not laid down any laws regarding cryptocurrencies and Blockchain projects. The government is even yet to recognize blockchain technology in a meaningful way. So you can create a blockchain project and trade your cryptocurrencies without any fuss.

[marcuslong]

As far as I know since last 2017, south Korea is more friendlier with crypto. Although western countries been promoting cryptocurrency as their mode of payment transactions, more of asian countries now on development to establish good crypto community. South Korea has beem using crypto bitcoin for their basic payment transactions, and they're not very strict to that because people is very convenient to use bitcoin.

[sijonru]

Although there are many countries now supporting the affairs of cryptocurrency and blockchain in their own way, there is a country I believes that stands out and that is Switzerland. Switzerland government regulations are friendly for the blockchain space thus the reason most upcoming blockchain projects are launching there. Another country is  Malta, their regulations too is friendly as there are already launched blockchain projects.

In my opinion, there are now many countries that accept the presence of crypto money, either as a means of payment or as an investment. This country is mainly in developed countries such as the United States, Canada, Japan, South Korea, the United Kingdom, etc.
Crypto's investment is currently progressing because digital trade is understood by the public and the government facilitates its use, it turns out to be very profitable.

[sanida]

When you say which country are more Crypto friendly, I say most of the Asian country except china and India, most of the blockchain from asia are coming from indonesia and philippines too they have their own Bitcoins exchanges and mostly korean exchanges have more popularity than japan crypto exchanges so all Asian Country are friendly except few.