best countries for btc

[btc78]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

[Beparanf]

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

My country Philippines doesn’t even have a law about Bitcoin regulation. Our government don’t have any positive or negative stand and we are free to do whatever we want without limits and taxes.

They are trying to regulate it before but our government agency is busy on other things that can give us more money through government funds corruption.

I think you can add PH on the list. 

[_act_]

also there is no country from africa in the ranking. could there be one in the future?

I think what that matters most is the crypto adoption. If you check the countries in crypto adoption indexes, you will see some African countries there.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related?

I do not think this should be enough good reason to move to such countries. Crypto adoption index can easily be used to know countries that you can still be and buy and hold coins. Many of the countries also are welcoming crypto businesses.

[Cryptoprincess101]

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Most countries are crypto friendly so if your country doesn't frown at those who are into cryptocurrency then why the need to move to another country? except that crypto is restricted or banned in your country and you are a crypto enthusiast then you can move to a country that is crypto friendly. For the fact that no African country is there in the ranking does not mean that African countries are not a destination for cryptocurrency, you can do your research, and you will see African countries that are at the forefront of cryptocurrency.

[promise444c5]

also there is no country from africa in the ranking. could there be one in the future?

African countries mostly show high retail crypto adoption, but many governments still remain belligerent  toward it… There are investors anyways, but since most countries are not crypto friendly and some only tolerate it to some limit , those investors often stay low  to avoid trouble.
Thus, ties between crypto and banks work far better/ developing more smoothly  in those  countries, and because most investors and centralized players prefer such environments, those regions naturally gain more recognition & attention than African countries ..

[Jubilee58]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Bitcoin adoption is growing day by day and some of this countries that are on the top list today we're not their before and i equally believe that with time some countries in Africa will be among the list.

You don't need to move to these countries on the top use of BTC, you can you can do any business transaction involving btc from any country so far the country is not against the use of BTC or cryptocurrency.

For instance, different countries have different exchanges supporting bitcoin and other cryptocurrency trading and of which you can make use of the ones that are supported in your own country.

[Findingnemo]

Considering the US as one of the crypto-friendly countries must be a joke. The tax rate is high compared other other countries and also they are not that convenient when it comes to crypto related service regulations. They are hammering everyone with so much of regulations that lead most of them to move away or operate a separate one for most censorship over the user base.

I agree with UAE, that is heaven for rich where there is zero tax for gains which makes it perfect place for cashing our profit but make sure if you are not a resident of that country you maybe still taxed by your government even if you cashout in UAE and they call it as double taxation.

[Nathrixxx]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Any country at anytime may decided to consider Bitcoin adoption and create a friendly atmosphere for the use of bitcoin without them being mentioned in this list, anything in such manner could happen, all we are after is not about the attempt, but those that have really enabled for the use for Bitcoin by the people and also adopted it, just as El-Salvador and Central African Republic announced Bitcoin adoption as a legal tender without any prior noticed, which surprised everyone.

[Don Pedro Dinero]

are you interested in moving into these countries or starting a business that is crypto related?

I don't rule out moving to another jurisdiction that is more crypto-friendly in the future, but that's not the only thing to consider. Culture, safety, ease of obtaining a residence visa, for example, are other factors I'd take into account. Normally, if you have an exorbitant amount of bitcoin or generate a lot with your business, people don't think twice about it. If you've been slowly growing your stash and have many ties where you live, you think about it more.  

[Ojima-ojo]

What do you expect, African countries are far from being among the crypto top friendly countries and at such, we have to see so direct regulations that have affected the growth and adoption of cryptocurrency in Africa.

[goldkingcoiner]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Singapore has fantastic lax regulations when it comes to crypto as well. You do not need to jump through hoops to create a crypto business like in most countries. At least, that is how I knew it. If anything has changed from then to now? Who knows? Singapore may have had strengthening of those

Personally, I would rather not start a crypto business if I had to move but that is my personal feeling.

[Fiatless]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

This ranking is based on the information available to India Times. If you do a search on the most friendly Bitcoin country, you might see a different ranking. However, most of these publications rank the United Arab Emirates (UAE) number one because of its tax-friendly crypto laws. 

Nigeria once had strict crypto laws that discouraged investment. But the country is opening up to crypto with some flexible laws, which have made the crypto industry breathe some fresh air. 

[aoluain]

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

My country Philippines doesn’t even have a law about Bitcoin regulation. Our government don’t have any positive or negative stand and we are free to do whatever we want without limits and taxes.

They are trying to regulate it before but our government agency is busy on other things that can give us more money through government funds corruption.

I think you can add PH on the list. 

Thats amazing actually that there is no laws or regulation on Bitcoin and actually very nice indeed.

In Europe there are many countries which are very "Crypto" friendly with the number 1 being Portugal.
My country - Ireland treats crypto like any other investment and simply slaps a 33% tax on profits but I
have yet to find out how they find out about our movements.

I think a lot of countries have yet to realise the benefit of having a favourable crypto policy to attract
more activity from the industry and to potentially benefit from that in a second hand way.

I thought El Salvador would have been on that list in the OP?

[rat03gopoh]

Where's Malta? where's Seychelles?
Most founders exploit crypto-friendly countries solely for business licensing purposes. To date, our "best" exchange have never had headquarters. So, for investors to chase other countries under the guise of "friendly regulations" as a pointless excuse.

[Josefjix]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Most African countries are still having problems operating with crypto, based on the government regulatory policy on crypto usage, which states that bank should not create any inter relationship with crypto, that's the reason why most African companies are still holding back their full engagement in it.

However, i strongly believed that Nigeria would certainly come out when the regulation is been withheld, because, they are the highest usage of crypto in Africa at the moment.

[Nothingtodo]

UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Different countries are taking important steps for Bitcoin, but Bangladesh is not taking any positive steps on Bitcoin yet. How much progress is being made by the whole world and how serious they are about Bitcoin, yet my country has not shown any interest in Bitcoin so far. Countries like Kazakhstan, the United Arab Emirates, Pakistan, and even neighboring Bhutan are deciding or have decided to create a strategic reserve of Bitcoin, yet how far behind is my country from the 21st century update era?

[Marykeller]

also there is no country from africa in the ranking. could there be one in the future?

Absolutely in the future. What is weighing African countries down on crypto adoption is their government. If the right government is put in place that supports Bitcoin. I think that will be great, as in no short time, the African country that does that will appear at the top crypto destination, as its citizens will utilize every opportunity of Bitcoin in their daily activities. For instance, Nigeria is among the top countries that trade Bitcoin globally, despite its government not being fully in support of Bitcoin for its citizens

[boyptc]

are you interested in moving into these countries or starting a business that is crypto related?

Moving? maybe.
Starting a business there? maybe.

I don't know what the future holds for my life but I want to have some opportunities related to crypto and so I can start a career that will last a life time to enjoy this passion which has been part of my life for several years already.

also there is no country from africa in the ranking. could there be one in the future?

IIRC, there was Nigeria and they're rank 1 a few years ago not until the government imposed a ban or stopped crypto trading activities.

[Solosanz]

These countries are expensive to live, I'm not sure why they not want to mention smaller countries which have a good facility and also friendly with Bitcoin. I think Malaysia is the best, they're modern and the citizen can speak English fluently.

I thought El Salvador would have been on that list in the OP?

Yep I thought the same, they rank the countries based on taxes, government support and expanding blockchain ecosystem, isn't all of them belong to El Salvador too?

Why did Switzerland and USA are mentioned lol, the tax on their countries are very high, which is very unfriendly with Bitcoin.

[BABY SHOES]

would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?

Yeah, maybe that country is crypto-friendly, so it's considered the top crypto destination.

As retail investors, we won't move to another country because we already have crypto-friendly regulations.
To start a business, that country may be very attractive to investors, but I don't know how difficult it is for citizens who move there to start a crypto-related business.