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[inthelongrun]

The source has zero to low data in Latin America, Africa, many parts of eastern Europe, and most of Asia though. So it's more like a ranking of the most crypto-friendly countries in the west and some few countries on other continents. And who will miss El Salvador and the Central African Republic? These two countries would probably top in a world ranking considering both countries already recognized bitcoin as a currency.

[1714949025]

1714949025

[Cryptock]

I think south Korea also deserve place in the list South Koreans are pushing crypto adoption strongly. LG of South Korea announced that they will launch TV which  will have crypto trade capability,

The developed countries are the most crypto friendly

Developed countries always wants them to be connected to the technology advancement. This is where cryptocurrency usage is seen much on developed countries. Another thing people are well educated to understand the reality of cryptocurrencies than just falling for scams. The governments seems to be supportive in regulation, because the contribution from cryptocurrencies were that disturbing to the economy.

there are authorities which really want their countries to progress. And they put an effort to it.
It is the need of the time to adopt change - otherwise stagnant water too gets smelly likewise stagnant community disappears.

[RealMalatesta]

The source has zero to low data in Latin America, Africa, many parts of eastern Europe, and most of Asia though. So it's more like a ranking of the most crypto-friendly countries in the west and some few countries on other continents. And who will miss El Salvador and the Central African Republic? These two countries would probably top in a world ranking considering both countries already recognized bitcoin as a currency.

That is mainly because they do not think those nations to be big enough to be even mentioned. Source is giving out names that would be big names, if you look at it then you will realize that there is no El Salvador, the one nation that made bitcoin a legal tender and you think that doesn't make it crypto-friendly? Of course, it does but they left them out. Which shows you that the list is wrong from the start, just even with that fact.

But, if we are talking about something bigger than it means that we will not be making any kind of decisions based on anything on this source anyway, it will not be like "oh let’s take a look at this list and move there because it's crypto friendly".

[Anonylz]

I am not familiar with Germany's stand on crypto-related matters but to see USA as the second most crypto-friendly country spot is quite shocking to be honest, this list has put countries like El Salvador, and UAE which usually come among the top crypto-friendly countries far behind. Am still not sure what is the basis of the criteria in this selection, I don't know how USA happens to be in the second spot.  

[Doan9269]

the top 10 most crypto-friendly countries:

• Germany
• USA
• Singapore
• Australia
• Switzerland
• France
• Netherlands
• Portugal
• Canada
• Hong Kong

i thought i could see even one of African countries here on the list but to my surprise none was been mentioned, we have at least Central African Republic as a country that has even adopted bitcoin as a legal tender but sometimes reports may not be accurate base on the sources, i see USA as well here on the list being a surprise to me because US is one of the regions that has been having it hard with bitcoin over some time now.

[dansus021]

But they are yet to implement any regulations at all just like lot other countries so they have been excluded from the list

Im from Indonesia but there is a regulation about crypto here and all crypto-related controlled by bappebti. but i think there is not much data to gather around in here so it not counted in the list

[Lambe Ndumble]

A new report from Coincub has been released, which identified the leading countries in the crypto world and the most crypto-friendly economies in the world.
Full report here: Q2 2022 Global Crypto Ranking: Germany goes head to head with the USA

At the moment, the top 10 most crypto-friendly countries:

• Germany
• USA
• Singapore
• Australia
• Switzerland
• France
• Netherlands
• Portugal
• Canada
• Hong Kong

According to the report, America lost its lead in the second quarter of 2022 for the following reasons:

Holding the USA back was a somewhat ‘state-by-state’ approach to legislation and regulation, with a largely uncoordinated anti-money laundering strategy. This looks to be changing and the Biden measures, if fully implemented, will provide wider safeguards to restrict and prevent fraud

Comparison table of the top 10 countries, based on data for the 1st and 2nd quarter of 2022:

In my opinion Australia is the most friendly country with Cryptocurrencies, as evidenced by many big projects from Doge until now from Australia, maybe the market capitalization is still under other countries but Crypto users in Australia continue to increase.

[lixer]

In my opinion Australia is the most friendly country with Cryptocurrencies, as evidenced by many big projects from Doge until now from Australia, maybe the market capitalization is still under other countries but Crypto users in Australia continue to increase.

How come when Australia is only ranked as top 4 according on the op's list? Although if we look on the detailed stats. The first few countries in the list had some smaller score (value's) as when compared to Australia but some numbers on Australia are also lower than the others. I think that can make sense on why Australia can't be on the top or first in the list. And so what if there are a lot of doge coin projects from this country?

I think that is not so proudful as we know dogecoin is being hated by the many but id be more happier to know that fact if the coin that we are talking about are bitcoin, ethereum or even other top coins as long as it's not a meme coin.

[Bitstar_coin]

Since when did USA and Germany became so crypto friendly that they ranked first and second in this list! if this is really the case then am suppose crypto community in this two countries should be happy with the current crypto stand in these country.
And how come El Salvador is not among this countries? is this list authentic or what! how is that even possible that a country who legalize btc as legal tender is not anywhere around the top ten! i guess the criteria to for determining this is different. Very interesting list.

[TheWolf666]

Dubai in UAE is the best place, 0% taxation for companies.
Guess why it is not in the list!

France number 5 with 60% taxes on gains? That must be a joke.

[Smack That Ace]

Since when did USA and Germany became so crypto friendly that they ranked first and second in this list! if this is really the case then am suppose crypto community in this two countries should be happy with the current crypto stand in these country.
And how come El Salvador is not among this countries? is this list authentic or what! how is that even possible that a country who legalize btc as legal tender is not anywhere around the top ten! i guess the criteria to for determining this is different. Very interesting list.

My question is the same as yours: why can't El Salvador be among the top 10? El Salvador ranks 35th below Russia, which has just re-enacted a ban on the use of cryptocurrencies in payments. Looking at the chart above, it seems that they are only focusing on developing countries and countries with large economies. I do not trust the reliability of this ranking.
https://www.engadget.com/putin-law-prohibiting-crypto-payments-russia-125015139.html#:~:text=People%20in%20Russia%20will%20soon,pay%20for%20goods%20and%20services.

[Cryptock]

Dubai in UAE is the best place, 0% taxation for companies.
Guess why it is not in the list!

France number 5 with 60% taxes on gains? That must be a joke.

Dubai has laws for their resident and Arab counties don't give residence to the people that easily
Those which take great taxes are almost providing the same to the people. Mostly people rush to Canada.

[TimeTeller]

Dubai in UAE is the best place, 0% taxation for companies.
Guess why it is not in the list!
France number 5 with 60% taxes on gains? That must be a joke.

This rating is complex, and not only based on taxation. These ratings are based on such factors as the volume of trade and mining, the development of the legislative framework, institutions, the financial sector and central banks in the country.

This is written in the article, as part of the explanation of the methodology:
-
https://coincub.com/ranking/the-coincub-q2-global-crypto-ranking-categories-2022/#sp_h_148310

We can understand the reasoning of this list if we read the explanation of why such rating.
This is not only about taxation but as we can see, they have several factors that they rated.
But I noticed, in the list, we can see that these countries are countries that have good economies.
Which translates that progressive countries are more open with crypto market.

[savetheFORUM]

This rating is complex, and not only based on taxation. These ratings are based on such factors as the volume of trade and mining, the development of the legislative framework, institutions, the financial sector and central banks in the country.

To rank it with economical power and governmental prowess doesn't really make sense to me. I mean think about it, we are not seeing El Saldavor, the nation that made it a legal tender. I am not saying that you should ignore all the names there, some nations there are definitely good and there is no denying that. But at the same time, we should realize that many names are missing as well.

Nobody says that these names are bad, these names are good of course but at the very least we should know how it could miss some of the most important ones. India, El Salvador, Turkey, Nigeria all these are greatly friendly but not huge economically hence why they were left out.

[m2017]

Coincub collected diverse statistical information about many countries, but something was not indicated in their report. In my opinion, this spreadsheet/picture doesn't contain the most important thing that can be useful for every reader of this forum: what kind of tax must be paid on the sale of cryptocurrency in one or another country from the list.
 

[coupable]

I sincerely don’t understand why El Salvador should be added to the Most crypto-friendly economies ranking? Or maybe the Central African Republic? In El Salvador, almost no one is interested in bitcoin. Its real use comes down to admiration on the internet, in style: look how great it is that El Salvador has adopted bitcoin as a means of payment. And what is the result? What as a practical application?

I agree with you very well regarding the above two examples. Legalizing Bitcoin as a recognized payment method does not mean that this has a direct consequence in reality. Originally, these are poor countries and the rate of schooling is very low, so how do you expect the general public to use advanced technology?
In El Salvador in particular, the country encouraged the use of bitcoin by launching a bitcoin wallet application, and everyone who downloaded the application received a $30 reward. In one study comparing the number of residents who downloaded the wallet and did not continue using it after receiving the reward, and those who continued to use the wallet, the difference was too large to say that El Salvador is a crypto-friendly country in the practical sense.
I do not have accurate information, but I do not expect the situation to be any better in the Central African Republic .

[arallmuus]

That is why El Salvador will not be in such ratings, because all of its adoption is only on paper, but in reality no one needs it. The Salvadorans do not see any practical benefit from this adoption.

Yeah its pretty much nothing more than a president that is keep on hyping this all over the twitter but its a start, a small start towards the global adoption whatsoever that they dreamed of but its just a bad one in reality because their country is literally not prepared for it. Anyway, imagine Germany suddenly announced that they are accepting bitcoin / crypto as one of its legal tender then it will be completely a different story compared to what El Salvador did.

[Cryptock]

That is why El Salvador will not be in such ratings, because all of its adoption is only on paper, but in reality no one needs it. The Salvadorans do not see any practical benefit from this adoption.

Yeah its pretty much nothing more than a president that is keep on hyping this all over the twitter but its a start, a small start towards the global adoption whatsoever that they dreamed of but its just a bad one in reality because their country is literally not prepared for it. Anyway, imagine Germany suddenly announced that they are accepting bitcoin / crypto as one of its legal tender then it will be completely a different story compared to what El Salvador did.

Developed countries are progressing because they want people to progress and people pay taxes and help the country to progress...
And both help each other in uplift and progress.
My country in not a crypto friendly - and they there is only 3% of total population who is aware of crypto.

[lkNiknezhad]

My feeling is that Portugal is probably one of the most crypto-friendly countries in the world. And the Portuguese Tax Authority (PTA) does not consider capital gains generated from the sale of cryptocurrencies to be taxable

[bestcoins1]

My feeling is that Portugal is probably one of the most crypto-friendly countries in the world. And the Portuguese Tax Authority (PTA) does not consider capital gains generated from the sale of cryptocurrencies to be taxable

Now try to check in several other countries apart from Portugal. I'm sure there are other countries that are crypto friendly and don't tax the sale of cryptocurrencies. Because the rules regarding taxation are definitely different in every country that has not adopted Bitcoin like El Salvador and the Central African Republic, because that is something that is already different from what happened in Portugal.