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[el kaka22]

I don't believe this list to be fair. It's basically a list of first world nations and all that, always rich nations.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.

You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.

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[OROBTC]

The data they collected seems like a joke, how can El Salvador and Central African Republic who accept Bitcoin as a legal tender aren't a crypto friendly lol.

The research obviously had some other criteria than that Bitcoin is legal tender in a country as an important feature when it comes to the status of a crypto-friendly country. Obviously, more focus is being devoted to the overall status according to crypto laws and adaptation, probably also security when it comes to investing.

There is no data for my country at all, although in any case it could be considered quite crypto-friendly considering the number of physical crypto exchanges without KYC for amounts up to even 2000 EUR per transaction, 0% tax if you sell crypto 2 years after purchase and the fact that you can buy almost anything you can imagine with Bitcoin (online).

They should have perhaps included another variable in their study.

I have bought at BTCATMs in parts of Europe.  Switzerland and Austria have very friendly BTCATMs, in that there is no KYC for smaller amounts (250 euro for Austria, IIRC), and there are lots of the machines in those two countries.  I have not been to Poland, but coinatmradar.com shows a lot of machines there as well.

Germany, on the other hand, has a very low number of BTCATMs.  The UK used to have a lot, but their regulations have strangled that.

[Lucius]

They should have perhaps included another variable in their study.

It is their right to decide with which methodology they will conduct the research, as well as in which countries they will conduct it, so it is possible that some countries will not be on the list at all because they have no data for them.

I have bought at BTCATMs in parts of Europe.  Switzerland and Austria have very friendly BTCATMs, in that there is no KYC for smaller amounts (250 euro for Austria, IIRC), and there are lots of the machines in those two countries.  I have not been to Poland, but coinatmradar.com shows a lot of machines there as well.

This is just proof that countries within the EU implement laws differently when it comes to KYC and AMLD. It is obvious that the degree of development of society and corruption and crime rates play a role in such decisions.

Germany, on the other hand, has a very low number of BTCATMs.  The UK used to have a lot, but their regulations have strangled that.

And this is a country where you pay 0% tax if you sell crypto 1 year after purchase, so it would be logical that people are more interested in such an investment. The UK is an indicator that everything can change literally overnight, and this can happen in any country when the authorities change the rules of the game.

[Maestro75]

It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa. I feel we could have been higher up in the list with our very high crypto involvement had our government not made the environment less friendly with unnecessary regulations and sanctions threatened for those involved in crypto. Not for so long though, i believe that in a couple years, a new government must have take power and hopefully a better favourably crypto environment will flourish, Nigeria should be amongst the first twenty.

Me too I felt a bit disappointed also to find out that Nigeria was not among the top 10 on the list. The reason you gave is correct. Anti crypto activities of the prevent Nigeria government is a minus to us crypto lovers in the country. We have the trading volume and can be rated high on that but the friendly aspect if government to cryptos is what has dealt with us.

[virasisog]

It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa. I feel we could have been higher up in the list with our very high crypto involvement had our government not made the environment less friendly with unnecessary regulations and sanctions threatened for those involved in crypto. Not for so long though, i believe that in a couple years, a new government must have take power and hopefully a better favourably crypto environment will flourish, Nigeria should be amongst the first twenty.

Me too I felt a bit disappointed also to find out that Nigeria was not among the top 10 on the list. The reason you gave is correct. Anti crypto activities of the prevent Nigeria government are a minus to us crypto lovers in the country. We have the trading volume and can be rated high on that but the friendly aspect of the government to cryptos is what has dealt with us.

Yes, Nigeria is emerging and developing when it comes to crypto adaption so I believe that they deserve a higher spot despite the negative aspects that are pulling it down. Nigeria is actually more advanced and even has a higher number of traders compared to other Asian countries. Their involvement in crypto investment has a huge percentage compared to others.

[Cryptock]

It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa. I feel we could have been higher up in the list with our very high crypto involvement had our government not made the environment less friendly with unnecessary regulations and sanctions threatened for those involved in crypto. Not for so long though, i believe that in a couple years, a new government must have take power and hopefully a better favourably crypto environment will flourish, Nigeria should be amongst the first twenty.

Me too I felt a bit disappointed also to find out that Nigeria was not among the top 10 on the list. The reason you gave is correct. Anti crypto activities of the prevent Nigeria government are a minus to us crypto lovers in the country. We have the trading volume and can be rated high on that but the friendly aspect of the government to cryptos is what has dealt with us.

Yes, Nigeria is emerging and developing when it comes to crypto adaption so I believe that they deserve a higher spot despite the negative aspects that are pulling it down. Nigeria is actually more advanced and even has a higher number of traders compared to other Asian countries. Their involvement in crypto investment has a huge percentage compared to others.

That is one of the reasons they are developed countries they accept changes and they make new moves as per the change.
The country I live is not very adaptive of the change. And that is why people are frustrated and try to move to the countries as mentioned in OP

[Frankolala]

  Germany is the first country in ranking because crpto currency is tax free and they also encourage private inveatorrs to keep their currency profit .

 Apart from this Germany is one of country which has the most Bit coin nodes but am still surprised though.

[Hydrogen]

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

El salvador didn't make the cut despite them structuring a high percentage of their future economic plans around BTC.

United states is #2? Big surprise.

The philippines, nigeria and other emerging nations who do not tax crypto under capital gains are not listed as high as they should be. Disappointing.

Hong kong made the top 10, when it may soon be integrated into china who outright banned crypto.

Australia, canada and france in the top 10. I think canada outright banned purchase of crypto in the country. Australia and france may not be far behind with their AML regulation.

Interesting list to say the least.

I hope no one follows this list if they plan to move to a foreign country.

[bitzizzix]

Of course, as crypto continues to grow and gain mainstream acceptance, as well as meet increasingly interested governments and regulatory frameworks, this list may change as there are still many crypto-friendly countries.
and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.

[Cryptock]

Of course, as crypto continues to grow and gain mainstream acceptance, as well as meet increasingly interested governments and regulatory frameworks, this list may change as there are still many crypto-friendly countries.
and this is a list of countries that invest the most in or use bitcoin or crypto at the moment, such as the United States which ranks second not to have the most bitcoin or crypto. however they have the most ATMs installed because so many people want to join bitcoin or crypto and because of that, the IRS can raise a lot of money by tracking down people who don't pay their taxes.

The more developed the countries are the more adaptable they are towards the change, benefiting people.
Our country is not crypto friendly and that is one of the reason we are still a developed country.And there is no chance of being a crypto friendly country anytime sooner. 

[amishmanish]

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,

[Gyfts]

I don't believe this list to be fair. It's basically a list of first world nations and all that, always rich nations.
If you look at other nations, specially lower level nations then you are going to find places that are more crypto-friendly. First of all, El Salvador literally has it as legal tender and it's not in the top 10? No other place has it as legal tender, they are by far the best one and should be at the very top.

You can calculate it however you want, you can put any type of metric or data you want, legal tender beats all of that and it makes El Salvador the biggest one. I don't care what people are saying, I just think that this list is very very wrong.

The richest nations will always be the best nations for private enterprise, but I'd agree that the list seems skewed towards wealthy nations.

These nations are also the countries that are restricting crypto growth through high taxes and stringent regulations. Hong Kong is under Chinese control, probably won't stay crypto friendly for long. The U.S. is looking to add regulations to their crypto market, they won't stay on top for long either.

[laredo7mm]

It will be beneficial to know how many peoples are using crypto from every country. This will show us the percentage of adoption in that respective country. I know some county where crypto is not officially legal but many people are using it.As a newbie, I still recommend buying bitcoin as the best option. If you really want to make money long term in the market, don't look at the price in the short term. The price of bitcoin has increased many times since 2013 and many people think that bitcoin will not be able to rise anymore and is no longer as profitable as altcoins. This is a common mistake.
,  I know there is some data in the internet that shows India has the largest users in the crypto world but it looks totally incorrect to me.

[kryptqnick]

I don't know this website, so my trust to the report is quite low. Germany allowed Bitcoin investments, okay. Is it enough to become #1? And US, where due to the sell tax you're basically expected to pay taxes each time you sell BTC for fiat, no matter how low the sum, is #2? Ukraine is very low, even though it's a very crypto-friendly country where many use cryptos for all sorts of purposes, taxation isn't enforced because cryptos aren't fully regulated, and where even the government on the highest levels is accepting crypto donations. And then there's El Salvador, obviously the most crypto-friendly country in the world because Bitcoin is legal tender there and the state is very pro-Bitcoin, and yet it's #35.

[decodx]

  Germany is the first country in ranking because crpto currency is tax free and they also encourage private inveatorrs to keep their currency profit .

This is not entirely true.

At a personal level, profits regarding cryptocurrencies are tax-free if the total profit generated from private sales transactions in the calendar year was less than 600 Euros and sales of cryptocurrencies held over a year are tax exempt in Germany.

This means that all profits from crypto investments over EUR 600 per year are subject to Personal Income Tax, which has progressive income tax rates ranging from 14% to 45%.

[KingsDen]

It is both nice and disappointing to see that Nigeria is on the list at number 39, the second African country after South Africa. I feel we could have been higher up in the list with our very high crypto involvement had our government not made the environment less friendly with unnecessary regulations and sanctions threatened for those involved in crypto. Not for so long though, i believe that in a couple years, a new government must have take power and hopefully a better favourably crypto environment will flourish, Nigeria should be amongst the first twenty.

Me too I felt a bit disappointed also to find out that Nigeria was not among the top 10 on the list. The reason you gave is correct. Anti crypto activities of the prevent Nigeria government is a minus to us crypto lovers in the country. We have the trading volume and can be rated high on that but the friendly aspect if government to cryptos is what has dealt with us.

I have checked the whole list and understood that I could only recognise two African countries in the list of 56 countries. You don't have to blame your leaders or anyone. There are no strick rules or regulations about crypto in African countries than as it is in some states in US. What happens is that the media is always biased when it comes to Africa. They would always want to position African and her countries to always remain the minority, uneducated and uncivilised as it is seen and thought by the highly controlled media.

[DrBeer]

As far as I understand, this rating does not speak about "the depth of penetration of cryptocurrency as a means of payment in a particular country", but is a kind of integral indicator, not "depth" but "width" of acceptance of blockchain technology as such, including cryptocurrencies, more precisely, their freedom of circulation. But first of all, this rating is still about the laws governing the work with this technology, about maintaining law and order when using cryptocurrencies as an asset acceptable for market relations, about wide support in various areas of life and the economy. Here it is impossible to “one-sidedly” evaluate “whether crypto is accepted or not” at the supermarket checkout, this cannot be a real and qualitative indicator of the overall picture of the country’s acceptance of blockchain technology and cryptocurrencies.

[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
because they accept the change and modern changes brought to benefit the people of that country - those who stick to the old rule never progress.

[KennyR]

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.

[Captain Corporate]

We already established that this list is not a correct one. Sure it poses as one but we all know that it is not and there must be some data missing. However, that doesn't change the fact that we just named maybe like 20 nations on a top 10 list for which to be better served there. This shows that we are not going to end up with something short, its going to be quite powerful for the crypto world. If we have this many nations trying to be at the top, that means bitcoin adoption and crypto-friendly nation counts are going up. This in return means that crypto will be doing a lot better for the near future, and probably long future if nothing changes.