The top 5 countries are ‘paradise’ for cryptocurrencies

[electronicash]

each country will probably develop a crypto city either intentionally or not.

In your opinion, which countries are crypto friendly? Please list

Estonia, Liechtenstein and Switzerland may be added to the order of these countries. They are also crypto friendly countries. Check out this link: https://medium.com/æternity-ventures/top-8-crypto-friendly-countries-e6bbf90e8161

we see developers from estonia many times in crypto, but never have i learned about the country's stand on crypto until i see your article. we see the news about China going to launch their own yuan digital currency but i didn't see anyone posted a thread about Estcoin which Estonian government planned on issuing.

[Pinkris128]

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list

Almost all European countries are in favor with the use of cryptocurrency that's why I think they'll be the ones who earn a lot more. Asian countries like Japan, Korea and Singapore are also good places to live because they also support the crypto industry not to mention they have beeb experimenting and researching a lot about digital currency. It is nice to see that this industry is being supported by many countries and I hope that in the future, cryptocurrency will be norm for the society.

[ray_saeed]

Malta is paradise for people in general. Kind people, good climate, you know

[alexsandria]

Switzerland as highlighted in this link https://cointopper.com/news/list-of-top-cryptocurrency-and-ico-supportive-countries-in-the-world . Most cryptocurrency friendly in the world as stated. Even in the third world country cryptocurrency paradise exist like in the Philippines . There are too many out there too mention. Just wondering why those countries who banned bitcoin in their community doesn't even dare to try. Bitcoin isn't bad though nor good but indeed worth using even though risky.

[ufaiz50]

Switzerland
Zug, a canton in Switzerland, became known as “Crypto Valley” after it passed several progressive laws regulating crypto use and related businesses. The Swiss state railway now even accepts BTC for ticket payments. A number of Swiss banks, like Falcon Private Bank and Julius Baer, also allow direct transfers and deposits of select cryptocurrencies.

If you are one citizens of these 5 countries, you are fortunate enough to be able to use cryptocurrency for several daily needs. Imagine using cryptocurrency where they are acceptable would be very fun.

[yulionoo]

yes I agree with you the five countries are countries that are friendly with bitcoin. Malta is called The blockchain Island because malta has clear regulations for blockchain and cryptocurrency and the Binance office is also in malta. . Japan is the one who legalized bitcoin as a means of payment and the name of the founder of bitcoin is also from Japan. then I will add one more country, Switzerland already accepts bitcoin as a means of payment.

[asus09]

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list

Could you tell me where is Bermuda country? have good destination place for holiday there? I like if country have legal bitcoin because when we make travelling we not worry have to change our money become local money country with higher convert, I want to check best destination place in Bermuda country, I am interested with name his country.

[stephanirain]

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list

I noticed that almost everyone is pointing out Switzerland. According to thee news, the  country's  central bank is exploring the use of cryptocurrencies for trading in partnership with SIX Group. It's quite remarkable how open minded for technological advancements these governments are. I just wish that other governments can also consider this side and not ban or legalized the use of crypto in their country.

[target]

The countries adoption cryptocurrency is building up, its getting more and more. Its damn exciting to see how much the altcoins I hold will be when finally we moon. I don't see Venezuela and Brazil in the list as well, this lists is incomplete.

Could you tell me where is Bermuda country? have good destination place for holiday there? I like if country have legal bitcoin because when we make travelling we not worry have to change our money become local money country with higher convert, I want to check best destination place in Bermuda country, I am interested with name his country.

I have no idea also but it only has 65,000 Caribbean people as it says so it must be in Caribbean Island. 65k population is very few.

[Apes]

I chose Japan as the best country for cryptocurrencies.  because of its location in Asia, it is an example of how to develop the cryptocurrency industry that should be emulated by other countries, especially Asia.  because not many countries in Asia allow open circulation for cryptocurrency. and Japan being an example and prove that crypto is not a threat.

[adzino]

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto friendly? Please list

This one is a little weird lol. So if someone pays using crypto currencies, they will also have to pay with fiat to cover the Goods and Service Tax? Or will the seller cover that. So since it is considered as a commodity, then I guess those who hold it don't have to pay any kinds of tax or anything for their gains.
Anyways, that was a great list. Hope we have more countries that are actually crypto friendly. The more countries we have, the more crypto currencies will develop.

[Genkotsu]

as i know when i read some article, the country is really support cryptocurrency is japan, because the goverment from this country are support the blockchain industry, better than my country where they just neutrl about country, but in few year ago my country have issue to ban bitcoin and other altcoin, but now they are neutral, not support or ban them

[ololajulo]

If Germany can make the list as a country with one of the best economy in the world then the third world countries need more help. Germany and other countries on the list have a good platform for small to medium businesses, with crpyptocurrency they have helped with cryptobacked up loan for these businesses. Most cryptocoins transaction record are difficult to falsify and this had helped  in controlling corruption in their community.

[xabre]

Nice list, have a merit on me

I would add Canada  to my personal list
-Excellent electricity rates, some of the best in the world
-Pro crypto government (tho the banks are still old fools)
-Awesome BTC exchange rate

Canada I heard have legal using bitcoin as transaction payment and become my destination if I have much money later, with how excellent electricity rates I think I want live there for several years later, I want to go there about one year later.

[BlacksmithCorporation]

I haven't seen Portugal in your list. As far as I know they have zero tax on cryptocurrencies? Please correct me if I'm wrong.

Indeed all these countries are pioneering the cryptocurrency movement and they will surely gain some economic traction thanks to this, but in order for a foreigner to profit from this he either has to move to obe of the countries listed or create a business there. In either cases there are some complex procedures to follow that might not be suitable for everyone.

As far as I understand, Portugal only exempted taxes for payments by cryptocurrencies, not a tax incentive for companies about blockchain and cryptocurrencies. Moreover, these policies have just been applied, so Portugal may not be known as a crypto-friendly country.

[tranduong123]

Do not forget about how friendly Switzerland is treating cryptocurrency there, in Switzerland cryptocurrency can take a role as money and allowed to trade it but of course it is not regarded as legal tender. Right now they are doing research regarding Blockchain and aiming to be Blockchain and fintech nation.
running a company based Blockchain in Switzerland is as good as running it in Malta because you will get support from the local people.

I agree, most crypto related companies are transferring their HQ in Switzerland because they welcome such innovation.

I dont know why its not on the list of OP.

Netherlands - there are also start-ups in this country that are quietly building their infrastructures or network.

It is flawed because I have ignored Switzerland, they are also cryptocurrency friendly country, they have a territory called Zug, it is called "Crypto valley", where many good policies with cryptocurrencies are applied.

[no1kid446]

There is nothing more appealing to a crypto enthusiast than an environment suitable for holding or trading cryptocurrencies, In my opinion here are the 5 most crypto-friendly countries.

Malta
Topping the list is Malta. The country has become a haven for cryptocurrency companies and businesses due to its tax-friendly policy, even for foreigners. This country has a prime minister who fully supports all cryptocurrencies.

Bermuda
Bermuda is a small island with a population of about 65,000 people in the Caribbean. This country has attracted companies with a free tax policy. This also applies to cryptocurrencies as the country aims to become a haven for the cryptocurrency industry

Japan
Japan is a leading country in the cryptocurrency space. Japan is the first country in the world to accept Bitcoin as legal. The country was also the first to adopt extensive regulations for more than their cryptocurrency exchanges.

Germany
Cryptocurrencies are considered to be a separate unit of money and an accepted means of payment in the country by the German National Tourism Board 2018. Germany has a cryptocurrency-friendly financial system.

Singapore
Cryptocurrencies will be considered commodities, not currencies in Singapore. Any company dealing with cryptocurrencies is required to pay GST (Goods and Services Tax)

In your opinion, which countries are crypto-friendly? Please list

I agree with you that these five countries are five cryptocurrency-friendly countries.
Since the country is in Malta, they have a fully supported prime minister all of the electronic money, Bermuda, which has free tax policies, Japan is the first country in the world to accept bitcoin as legal   So I think 3 countries Malta, Bermuda, and Japan are 3 crypto-friendly countries, in my opinion

[supercanada1]

Thanks to sharing nice Info no doubt Malta is on top and as per my knowledge the Binance exchange is also now handled from malta and many more. Russia and the rest of Europe are also a good future for crypto trading.

Crypto trading is welcomed by almost all of those country that are considered as developed as they understand the true power and worth of technology. Bitcoin is the future of money. Majority is still unaware of it and only a small portion of world population is investing in digital currencies. These are the people who will become rich in future without doing any hard work. Such supporting countries are also important for prosperity of new technologies.

[Genkotsu]

Thanks to sharing nice Info no doubt Malta is on top and as per my knowledge the Binance exchange is also now handled from malta and many more. Russia and the rest of Europe are also a good future for crypto trading.

Crypto trading is welcomed by almost all of those country that are considered as developed as they understand the true power and worth of technology. Bitcoin is the future of money. Majority is still unaware of it and only a small portion of world population is investing in digital currencies. These are the people who will become rich in future without doing any hard work. Such supporting countries are also important for prosperity of new technologies.

that's why because people and goverment know about the technology of blockchain where they can't controll it, so in few country cryptocurrency is illegal.
and other factor goverment scared about money laundry using blockchain.

[craZyLovE0916]

Well they're not only countries, but there are also states in the United States which do not charge income tax, maybe they would be good? I don't know.