Best country for crypto

[cryptobaro]

If i have to talk about my country, there are no restrictions here in Turkey, there is no tax either. However it is traced by government as it is sometimes used for illegal things.

I am sure in no more than 2 years, there will be tax implemented by government for crypto gains.

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[Murat]

My country is not bitcoin-friendly at all. A couple of years ago, Government announced that bitcoin is completely illegal and also there is punishment for the user. If We talk about the best bitcoin-friendly country then it's surely Malta. The prime minister of Malta is fond of Cryptocurrency.

There are also Japan, Singapore, Switzerland in the list of top bitcoin-friendly in the world. These countries are practicing cryptocurrency effectively.

[Sharon121212]

getting different mass answer from this question is sure.
 someone even maybe bias about it and give support to their country I do not think it's about the country that adopted cryptocurrency but about the people that adopted the cryptocurrency, cryptocurrency and blockchain technology is to unite the world as a whole and not fractional countries. So the best country that adopts cryptocurrency is the entire world

[StonerStanley]

For me any country that do accept cryptocurrency is good for crypto. Pinpointing countries will be very difficult cos each country has a way they're supporting and believing in cryptocurrency.

Danemark
Portugual
Andora

Accept crypto, no tax.

I'm living in France and it's ok but with a lot of taxes.

[The3max]

My country is not bitcoin-friendly at all. A couple of years ago, Government announced that bitcoin is completely illegal and also there is punishment for the user. If We talk about the best bitcoin-friendly country then it's surely Malta. The prime minister of Malta is fond of Cryptocurrency.

There are also Japan, Singapore, Switzerland in the list of top bitcoin-friendly in the world. These countries are practicing cryptocurrency effectively.

I am in Vietnam, and my country also issued a ban on cryptocurrencies, this information came from the central bank, banning cryptocurrency transactions, about 1 year ago. However, until now, everything has been going as without a ban, the state has relaxed, even appeared many scams through ICOs or lending programs through cryptocurrencies.

[YOSHIE]

Personal thoughts and opinions.

For me at the moment there are two countries that have adopted cryptocurrency and blockchain well.
Maybe these two countries are no strangers to people who have visited it.
Cryptocurrency and blockchain are familiar in the ears of the local people.

1.Ekuador
BITCOIN


Ecuador: This country is the first to use a payment system with cryptocurrency like Bitcoin, or digital money implemented by the local government.
In 2015, the State of Ecuador established its system (Dinero Electronico) to suppress government schemes in replacing old banknotes with new ones.
To replace banknotes, Ecuadorians now can save digital / electronic money.
Even more great now that all citizens can pay taxes and public facilities and taxis with cryptocurrency / digital money like Bitcoin etc, anywhere and anytime, pantastic isn't it.
You are interested in visiting Ecuador.

2. Singapura
BITCOIN


Another story with this one country, Singapore This is a very small country compared to its neighbors,
However, this country is also one country that is very friendly with Bitcoin.
This country's economy is quite great with its global business,
In Singapore Crypto / Bitcoin can be said to be goods that are sold / bought with a nominal tax of 7%, great isn't it.
The most interesting thing in Singapore, the local government does not prohibit Crypto / Bitcoin, and also the biggest bank (DBS) in the country is open and fully functional for Bitcoin users.
So if you visit this country (Singapore) you don't need to bring banknotes in your country, just save Bitcoin in your cellphone wallet and exchange it in Singapore for dollars, it's very safe easy isn't it.

[migws]

I follow different regions and I like the way Japan treats crypto. I recently read that in Japan, some employees are paid a salary bonus in Bitcoin to help them understand digital currencies.

[izanagi narukami]

Crypto only for who that open minded and have made the preparation for the preventation.
Usually EU zone are capable to do this.

My country still against the crypto because they still consider crypto as criminal money

[noormcs5]

Basically, which country has adopted Crypto and the Blockchain best in your opinion till now?

At first i used to thought that china is the number one leading country in crypto but i was wrong. Even if they had a lot of mining farms etc yet we often hear news from china media that they have ban the crypto. (Although i think they never ban it)
For me it is Japan who has made crypto legalize at very early stage  and we never heard any negative news from japan on crypto currencies.

[DdmrDdmr]

<…>

Besides the info that you relayed, I’ve kept on reading on the topic and it seems so: Portugal is exempt from taxes on gains made from crypto, providing it is not a professional means of living nor a corporation. I read through another article that seems to depict it pretty well (https://criptoinvest.pt/noticias/bitcoin-impostos-portugal). The article references within a tweet from @cz_binance that got responses from Portuguese people corroborating the fact.

There’s also a reference to an article by Forbes (see https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/#7a120a8e7303) that lists seven countries where no tax is applied to crypto investments (* some fine print to be applied as to exactly what is exemp and under which circumstances): Germany, Singapore, Portugal, Malta, Malaysia, Belarus and Switzerland.

[bitmover]

<…>

Besides the info that you relayed, I’ve kept on reading on the topic and it seems so: Portugal is exempt from taxes on gains made from crypto, providing it is not a professional means of living nor a corporation. I read through another article that seems to depict it pretty well (https://criptoinvest.pt/noticias/bitcoin-impostos-portugal). The article references within a tweet from @cz_binance that got responses from Portuguese people corroborating the fact.

There’s also a reference to an article by Forbes (see https://www.forbes.com/sites/rogerhuang/2019/06/24/seven-countries-where-cryptocurrency-investments-are-not-taxed/#7a120a8e7303) that lists seven countries where no tax is applied to crypto investments (* some fine print to be applied as to exactly what is exemp and under which circumstances): Germany, Singapore, Portugal, Malta, Malaysia, Belarus and Switzerland.

Imo, Brazil is very cryptocurrency investor friendly also.

You can sell up to 10k USD every month without paying any taxes, no matter how much you gained . After that, you need to pay 15% of your gains.

[rearwheels]

If to consider my own experience It doesn't matter in which country I am currently. Getting payments in BTC  I can easy convert them into cash. And of course I am not talking about 10 000 of USD but up to 5 000. In future more and more countries will accept cryptocurrencies. Just a matter of time.

[CherylltheBombshell]

Japan is one of the best countries for Bitcoin at the moment

Likewise! Japan is the best bitcoin country for me. Knowing that they’re the first one to approved bitcoin in their financial system and had the Act that states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not just a legal tender.

And for the record, they’re still the leading country in the crypto world!

[TaliskerDarkStorm]

In fact, the answer to that question depends on what you refer to. For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.

But Asian countries are more successful in adapting cryptocurrencies. These are countries like Korea, China, Japan. They see cryptocurrencies as a serious technology and make very successful investments. And you cant see fraud, scam activities in these countries. It's a big plus for them.

[n0ne]

Most of the users have mentioned Brazil. Other than Brazil there are more other countries, but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance

[DdmrDdmr]

<…> For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.<…>

BTC is "popular" in Venezuela to some extent. Localbitcoins has it as the second country with most volume on its platform ,but for the most due to the dire situation with the hyperinflation, in an attempt to put their savings out of harms way, whilst trying to make some kind of profit to cover their basic needs. BTC ownership is treated in a hush-hush manner for personal security reasons. All in all, its popularity there, so as to say, is very distant from making it a derivative of a good situation, and falls pretty shy from a best country for crypto scenario.

[Wysi]

Most of the users have mentioned Brazil. Other than Brazil there are more other countries, but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance

Estonia is the capital of crypto currency followed by Malta as these countries are setting benchmark for other countries to follow and yes South American countries might soon adopt blockchain to the extend which Estonia have utilized blockchain as they are already being crypto friendly countries and there was a news year saying that Venezuela might launch it's own crypto named Petro.  

[TaliskerDarkStorm]

<…> For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.<…>

BTC is "popular" in Venezuela to some extent. Localbitcoins has it as the second country with most volume on its platform ,but for the most due to the dire situation with the hyperinflation, in an attempt to put their savings out of harms way, whilst trying to make some kind of profit to cover their basic needs. BTC ownership is treated in a hush-hush manner for personal security reasons. All in all, its popularity there, so as to say, is very distant from making it a derivative of a good situation, and falls pretty shy from a best country for crypto scenario.

Yes, cryptocurrencies are particularly common in countries with poor economies. Venezuela, such as Turkey. One of the main reasons for this is the uncertainty of not only the national currency but also the other strong currencies. So the dollar and euro is not even a safe harbor for them. Therefore, it is normal that cryptocurrencies are widespread in these countries. inflation rate in Turkey is actually not so high, according to Venezuela ratio in the nearly  40% in Turkey and there is hyperinflation as you said in your in Venezuela.

But the consequences of bad economies have been good. The worse the world economy gets, the more popular the cryptocurrencies will be. In the US, Trump is pursuing a truly crazy foreign policy, constantly threatening countries and waging a trade war with China. In this case, markets are uneasy and cryptocurrencies seem safer for this.

In fact, when we look at the history of world revolutions, there have always been very bad things just before beautiful things happened.

Maybe history will repeat itself again.

[boyptc]

but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance

Is this for real in Estonia that they were now up by 99% in terms of usage of blockchain technology? Are you living from that country?

If that's for real, that's amazing. I thought that it would be Malta or Japan that would go hand in hand with that percentage.

[Crytodon]

Leicheinstein and Malta are really supportive to crypto
Also Japan and South Korea in Asia
USA and Canada
And France as well