If you are into the crypto world, you may have looked up whether crypto is legal in another country. We’ve prepared a report on the most crypto-friendly countries to help simplify your research.
This report covers 16 crypto-friendly countries, providing details on their regulatory laws and taxation.
[key_takeaways title="Quick Look: 15 Best Countries for Cryptocurrency in 2024"]
- Switzerland: A crypto-friendly tax haven for its favourable regulations.
- Singapore: A crypto-friendly country with favourable regulations.
- Malta: A popular destination for cryptocurrency enthusiasts.
- Portugal: One of the leading crypto-friendly countries.
- Slovenia: Considered crypto-friendly due to its regulatory environment.
- Canada: Known for its supportive stance on cryptocurrencies.
- Estonia: Noted for its crypto-friendly policies and regulations.
- Japan: Recognized for its positive approach to cryptocurrencies.
- Germany: A crypto-friendly country with supportive regulations.
- Lithuania: Provides a favourable environment for cryptocurrencies.
- Indonesia: Emerging as a crypto-friendly country.
- Netherlands: Acknowledged for its positive attitude toward cryptocurrencies.
- The Bahamas: Known for its crypto-friendly regulations and environment.
- El Salvador: The first country to classify Bitcoin as legal tender, making it highly crypto-friendly.
- Luxembourg: A crypto-friendly country with a positive outlook on cryptocurrencies.
- Turkey: A country becoming crypto-friendly with increasing interest in cryptocurrencies.
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What makes a country crypto-friendly?
A country is deemed crypto-friendly if there are:
- Clear cryptocurrency regulations, ensuring legal clarity and protecting investors.
- Favourable tax laws often treat cryptocurrencies as assets subject to capital gains taxes or exempt them from income tax.
- A robust infrastructure for crypto transactions with numerous Bitcoin ATMs and service providers.
- Support for individual crypto innovation, enabling exploration of new technologies.
- An open-minded attitude towards cryptocurrencies allows businesses to operate freely and promotes innovation.
- Strong technological infrastructure, including blockchain technology and supportive startup communities.
- Government support and initiatives to promote blockchain innovation and attract businesses.
- The growing cryptocurrency market and high adoption among the population.
Most crypto-friendly countries comparison table
Country | Taxation (Crypto Profits) | Regulatory Laws (Strictness) | # of Bitcoin ATMs |
Switzerland | No tax for individuals, depends on holding period for businesses | Moderate | 130 |
Singapore | No tax for individuals (except trading), exemptions for specific tokens | Moderate | Not Available |
Malta | No capital gains tax | Favorable | 1 |
Portugal | No capital gains tax after 1 year | Moderate | 11 |
Slovenia | No capital gains tax for individuals, depends on circumstances | Moderate | 6 |
Canada | Taxed on capital gains | Moderate | 2944 |
Estonia | No capital gains tax | Favorable | None |
Japan | Taxed on crypto earnings (15%-55%) | Favorable | 3 |
Germany | Tax exempt if held over a year | Moderate | 180 |
Lithuania | Tax exempt if held over 3 years | Favorable | None |
Indonesia | 0.11% VAT and income tax | Developing | None |
Netherlands | Taxed as assets | Moderate | 36 |
Bahamas | No tax on crypto | Favorable | None |
El Salvador | Tax exempt | Favorable | 216 |
Luxembourg | No tax if held over 6 months | Moderate | None |
Turkey | Taxed on capital gains | Developing | 20 |
Let’s look in more detail….
#1 Switzerland
Switzerland leads in finance and innovation, attracting many blockchain and crypto companies. Zug, dubbed Crypto Valley, hosts major players like the Ethereum and Cardano Foundations.
Switzerland offers favourable crypto regulations, clear guidelines for ICOs, and low taxes on crypto profits for individuals and businesses.
Key reasons why Switzerland is a crypto-friendly country:
- Since 2016, the country has been promoting crypto for financial purposes, becoming a global leader in this area.
- Switzerland categorizes cryptocurrencies as assets rather than securities.
- An advanced financial transaction infrastructure makes it a preferred destination for cryptocurrency companies.
Regulatory laws:
- The Swiss Anti-Money Laundering Act (AMLA) and its ordinance (AMLO) provide the legal foundation.
- FINMA supervises AML/CFT compliance.
Depending on their features, some crypto tokens might be seen as securities under the Swiss Financial Services Act (FinSA), resulting in stricter regulations.
Taxation: Cryptocurrencies are taxed under the Wealth Tax system.
Private investors don’t pay capital gains taxes on personal wealth assets, while self-employed traders or businesses do. However, private investors may still owe their crypto holdings income and wealth taxes.
2023 global crypto adoption index score: 0.016
BTC ATM locations: Basel, Bern, Biel/Bienne, Chur, Genève, Ipsach, Lausanne, and Locarno (130 ATMs).
📚Read: How and Where to Buy Bitcoin & Crypto in Switzerland
📚Read: Best Crypto Exchanges in Switzerland
#2 Singapore
Singapore is a major financial centre and a top Asian fintech hub. It’s popular among crypto businesses and investors due to its supportive regulations.
The city-state has positioned itself as a leading jurisdiction for cryptocurrencies and innovation. It offers tax exemptions for specific digital tokens and clear tax structures for investors and enterprises.
Key reasons why Singapore is a crypto-friendly country:
- A clear and relatively flexible regulatory framework for the cryptocurrency industry.
- The Monetary Authority of Singapore (MAS) takes a forward-thinking approach, encouraging innovation and collaboration in crypto.
- Initiatives like the Sandbox program allow companies to test and develop innovative crypto solutions.
Regulatory laws:
- The Payment Services Act regulates crypto service providers.
- The Monetary Authority of Singapore (MAS) oversees the Payment Services Act (PSA) and regulates the provision of DPT services.
- A platform that facilitates trading in Singapore may require a license.
Taxation: Singapore does not tax crypto profits for individuals except those from trading.
2023 global crypto adoption index score: 0.011
BTC ATM locations: MAS guidelines led to Bitcoin ATM services pausing in Singapore for clarity from the central bank.
#3 Malta
Malta, known as Blockchain Island, has attracted major players in the crypto industry due to its progressive regulations and favourable tax policies.
The country offers legal certainty for crypto businesses through various laws. This pro-crypto environment has made Malta a global hub for blockchain enterprises, fostering innovation and growth in the industry.
Key reasons why Malta is a crypto-friendly country:
- Malta has favourable regulations for cryptocurrencies and blockchain technology.
- Reduced corporate tax rates for certain activities and exemptions on specific transactions.
- A vibrant crypto community, hosting major international blockchain and crypto events.
Regulatory laws:
- The Malta Digital Innovation Act (MDIA).
- The Virtual Financial Assets Act (VFAA).
- The Innovative Technologies Arrangements and Services Act (ITAS).
- KYC/AML (Know Your Customer/Anti-Money Laundering) regulations.
Taxation: Malta does not impose capital gains taxes on crypto transactions.
2023 global crypto adoption index score: 0.001
BTC ATM locations: Currently, there is only one known Bitcoin ATM (BTM) in Malta, located in St Julian.
#4 Portugal
Portugal has a positive stance on cryptocurrencies. It offers a welcoming environment for users and investors.
Portugal’s favourable tax system attracts crypto entrepreneurs and investors with supportive regulations and rates. It fosters blockchain innovation with clear guidelines for crypto assets.
Key reasons why Portugal is a crypto-friendly country:
- The government views cryptocurrencies positively and promotes innovation.
- An increasing number of crypto businesses and community events.
- Relatively straightforward process to obtain residency for crypto entrepreneurs.
Regulatory laws:
- AML Law and its Ordinance.
- Banco de Portugal (BdP) oversight.
- KYC/AML requirements.
- Securities Market Code (CMVM).
- Crypto providers must register as Virtual Asset Service Providers (VASPs) with BdP.
Taxation: No capital gains tax on crypto held for over a year for residents.
Crypto profits are tax-free. Transactions aren’t taxed with VAT or personal income tax, as clarified by the tax authority, the Autoridade Tributária e Aduaneira (AT). Yet, crypto businesses pay corporate tax and VAT on services.
2023 global crypto adoption index score: 0.018
BTC ATM locations: Braga, Coimbra, Faro, Funchal, Lisbon, Porto (11 ATMs).
#5 Slovenia
In Slovenia, cryptocurrency is widely accepted, with a vibrant community and initiatives like Bitcoin City, a shopping mall that accepts Bitcoin. Regulations are flexible, allowing crypto operations without specific licenses.
Key reasons why Slovenia is a crypto-friendly country:
- The government takes a progressive approach towards cryptocurrencies, fostering innovation.
- Clear AML/CFT framework through the ZPPDFT-2 act, providing a regulatory structure.
- A low corporate tax rate applies to crypto businesses, making it an attractive location.
- Wealth tax on crypto holdings, and capital gains tax might not apply depending on circumstances.
- Continuously evolving regulations aiming to balance innovation and risk mitigation.
Regulatory laws:
- Slovenian Prevention of Money Laundering and Terrorist Financing Act (ZPPDFT-2).
- Financial Market Supervisory Authority (FURS), overseeing AML/CFT compliance for VCSPs.
- Slovenian Investment Funds and Management Companies Act.
- Securities Market Act.
- Virtual currency service providers (VCSPs) must register with FURS and comply with KYC/AML requirements
Taxation: Individuals selling cryptocurrency aren’t taxed on capital gains.
Businesses accepting crypto payments face income or corporate tax. Companies mining cryptocurrency also pay corporate tax on profits.
2023 global crypto adoption index score: 0.006
BTC ATM locations: Koper, Ljubljana, and Maribor (6 ATMs).
#6 Canada
Canada is known for its friendly attitude towards cryptocurrencies. It boasts a well-developed ecosystem with local exchanges, startups, and communities.
In Canada, cryptocurrencies are classified as commodities rather than legal tender. It ensures clear standards and reporting requirements for taxpayers engaging in cryptocurrency transactions.
Key reasons why Canada is a crypto-friendly country:
- Canada offers a relatively clear and flexible regulatory framework for the crypto industry.
- The government supports crypto businesses.
- Canada boasts a growing number of crypto exchanges, businesses, and talent, fostering a vibrant community.
- The country actively encourages the exploration and development of new technologies.
Regulatory laws:
- Regulations for crypto businesses fall under the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (PCMLTFA).
- Required registration with Canada’s Financial Transactions and Reports Analysis Centre (FINTRAC).
- Necessary compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) rules.
Taxation: Cryptocurrencies are taxed on capital gains.
2023 global crypto adoption index score: 0.069
BTC ATM locations: Montreal, Vancouver CA, Ottawa, and other cities (2944 ATMs).
📚Read: Best Crypto Wallets in Canada
#7 Estonia
Estonia is a Baltic nation known for its advanced e-government services like e-residency and e-voting. It extends its digital approach to cryptocurrencies with a licensing system for exchanges and wallet providers.
Key reasons why Estonia is a crypto-friendly country:
- One of the first countries to embrace cryptocurrencies and actively promote its use.
- Established a licensing system for crypto businesses, promoting clarity and efficiency.
- Known as a cashless society with a well-developed digital infrastructure supporting crypto adoption.
- Attracts blockchain startups and fosters a thriving crypto community.
Regulatory laws:
- The Money Laundering and Terrorist Financing Prevention Act (MLTFA). It applies to Cryptocurrency Service Providers (VASPs) in Estonia.
- Financial Intelligence Unit (FIU)
- VASPs must register with the FIU.
- AML/CFT requirements.
- Minimum capital requirements based on a VASP risk profile.
Taxation: Low corporate tax rate of 20% on profits and no capital gains tax on digital asset sales.
2023 global crypto adoption index score: 0.005
BTC ATM locations: None.
#8 Japan
Japan is a major player in the cryptocurrency market, with a mature and advanced approach. Since 2017, it has recognized Bitcoin as a legal currency and established clear regulations for crypto exchanges.
Japan also has the Japan Virtual Currency Exchange Association (JVCEA). It is a self-regulatory body that sets industry standards.
Key reasons why Japan is a crypto-friendly country:
- Clear and comprehensive regulations.
- Cryptocurrencies are recognized as legal assets, not mere currency.
- Existing financial institutions are entering the crypto space, adding legitimacy.
- Regulatory focus on fostering innovation within a controlled framework.
- Japan boasts one of the most active and mature cryptocurrency trading markets globally.
Regulatory laws:
- Payment Services Act (PSA).
- Exchange Service Providers (CASPs) must register with the FSA.
- Act on Prevention of Transfer of Criminal Proceeds (AML Act).
- Financial Instruments and Exchange Act (FIEA).
- AML/CFT requirements.
Taxation: Income tax on crypto earnings, ranging from 15% to 55%.
2023 global crypto adoption index score: 0.072
BTC ATM locations: Osaka and Tokyo (3 ATMs).
#9 Germany
Germany is known for its modern approach to cryptocurrencies, having accepted Bitcoin as a valid form of exchange. This recognition boosts confidence for people and businesses using cryptocurrencies.
Germany has also introduced strict rules to prevent fraud and money laundering, ensuring the safety of users.
Regarding crypto taxes, Germany treats cryptocurrencies as private money. Thus, it’s easier for individuals and businesses to understand and report their crypto earnings.
Key reasons why Germany is a crypto-friendly country:
- A stable environment for businesses while adapting to innovation.
- Focus on managing risks and fostering responsible development rather than strict prohibitions.
- Development of secure and reliable crypto businesses.
- A vibrant community with numerous startups, exchanges, and educational initiatives.
Regulatory laws:
- Crypto service providers must comply with Federal Financial Supervisory Authority (BaFin) rules.
- Banking Act (KWG).
- German Securities Trading Act (WpHG) and Markets in Financial Instruments Directive (MiFID II).
- Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) regulations
- German Money Laundering Act (GwG).
- German Electronic Securities Prospectus Act (eWpG).
Taxation: Cryptocurrencies are seen as ‘Private Money,’ exempt from VAT and long-term capital gains tax if held for over a year. However, businesses trading crypto are subject to corporate income tax.
2023 global crypto adoption index score: 0.055
BTC ATM locations: Düsseldorf, Berlin, Stuttgart, Frankfurt, and other cities (180 ATMs).
📚Read: How And Where to Buy Crypto & Bitcoin in Germany
📚Read: Best Crypto Exchanges in Germany
#10 Lithuania
Lithuania, a small Baltic nation, has become a leading fintech hub in Europe. Its favourable regulations have attracted many foreign crypto companies, like Revolut and Bitstamp. The Bank of Lithuania oversees the crypto sector and offers tax exemptions for certain crypto transactions.
Key reasons why Lithuania is a crypto-friendly country:
- The government encourages responsible crypto adoption and innovation.
- Clear AML/CFT framework.
- Favorable tax environment.
- Straightforward process for VASPs to register with the FMSS.
- Growing crypto ecosystem.
Regulatory laws:
- Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT).
- Financial Market Supervision Service (FMSS).
- Companies offering crypto-related services must register with the FMSS as VASPs.
- AML/CFT requirements.
Taxation: Residents typically don’t pay income tax on crypto profits if they hold the assets for over three years. As for businesses, how crypto is taxed can vary depending on their activities and structure.
2023 global crypto adoption index score: 0.008
BTC ATM locations: None.
#11 Indonesia
Indonesia has the biggest economy in Southeast Asia, with over 270 million people. The country is seeing a surge in crypto adoption among its tech-savvy population.
Crypto trading in Indonesia is legal on licensed platforms. However, if you want to pay in crypto, you won’t be successful as it’s not allowed.
Key reasons why Indonesia is a crypto-friendly country:
- The Commodity Futures Trading Regulatory Agency (Bappebti) is creating rules for crypto assets as commodities to ensure clarity and consumer protection.
- The government is testing digital rupiah initiatives, possibly incorporating blockchain technology.
- Increased interest in cryptocurrencies and blockchain technology.
Regulatory laws:
- Bappebti Regulation No. 7 of 2020, No. 8 of 2021, and No. 11 of 2022.
- Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations.
Taxation: A 0.11% value-added tax on all cryptocurrency transactions made through registered platforms. Income tax on crypto-asset transactions.
2023 global crypto adoption index score: 0.203
BTC ATM locations: None.
#12 Netherlands
The Netherlands has a lively crypto scene with many exchanges, startups, and organizations. The country’s regulations for blockchain and cryptocurrencies are developing. It has KYC and AML laws in place and cryptocurrencies are taxed as assets.
Key reasons why the Netherlands is a crypto-friendly country:
- Clear laws ensure legal certainty and protect investors.
- Cryptocurrencies are treated as assets.
- A growing market and high adoption rates show significant interest in digital assets among the population.
- The Dutch government backs blockchain innovation and attracts crypto businesses.
- Rebust tech infrastructure including blockchain support, and communities support startups and crypto businesses.
Regulatory laws:
- The Money Laundering and Terrorist Financing Prevention Act (Wwft).
- Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations.
Taxation: Crypto has to be declared under Box 1 and Box 3.
You pay income tax on what’s in box 1, with rates from 9.42% to 49.50%. Deductions for debts and tax-free allowances apply to all your assets, savings, and investments, not just crypto, as of January 1st.
2023 global crypto adoption index score: 0.032
BTC ATM locations: Amsterdam, Eindhoven, Utrecht, and other cities (36 ATMs).
📚Read: How To Buy Crypto In Netherlands
📚Read: Best Crypto Exchanges in Netherlands
📚Related: How to Sell Crypto in the Netherlands
#13 The Bahamas
The Bahamas, a Caribbean island nation, is one of the most crypto-tax-friendly countries. It has emerged as a trailblazer by launching its central bank digital currency (CBDC), the Sand Dollar.
The Bahamas has become increasingly crypto-friendly due to its favourable business environment. It makes it an attractive destination for cryptocurrency companies and crypto investors.
Key reasons why The Bahamas is a crypto-friendly country:
Regulatory laws:
- Digital Assets and Registered Exchanges Act, 2020 (DARE Act)
- Payment Systems and Services Act.
- Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations.
- Providers must acquire a license from the Central Bank of The Bahamas (CBOB).
- The Central Bank of The Bahamas (Amendment) Act.
Taxation: No tax on income or capital gains from crypto investments. Businesses trading crypto pay 2.5% of their turnover.
2023 global crypto adoption index score: 0.002
BTC ATM locations: None.
#14 El Salvador
El Salvador is known as the first country in the world to recognize Bitcoin as a legal tender in 2021. It makes it a tax haven for crypto investors and businesses seeking a tax-friendly environment.
The country is also known for its crypto-friendly policies. It includes mandating Bitcoin acceptance by businesses and investing in a nationwide wallet.
Key reasons why El Salvador is a crypto-friendly country:
- El Salvador aims to attract investment and spur economic growth by adopting Bitcoin as a legal tender.
- Supporting Bitcoin is expected to draw more crypto innovation and investment. Thus, making El Salvador a hub for these technologies.
- Embracing Bitcoin can boost efficiency in international remittances, which is crucial for a country where they make up over 20% of the GDP.
Regulatory laws:
- Registration of Virtual Asset Service Providers (VASPs) by FATF.
- Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) regulations.
- Bitcoin Law
- NRP-29.
Taxation: El Salvador offers tax benefits for crypto activities. The value and earnings from digital assets are completely tax-exempt.
2023 global crypto adoption index score: 0.007
BTC ATM locations: San Martín, San Salvador, Santa Tecla, and other cities (216 ATMs).
#15 Luxembourg
In Western Europe, Luxembourg is a small country with a strong financial sector. It has fully embraced cryptocurrencies and blockchain technology.
It recognized Bitcoin as a valid payment method in 2016. Moreover, it regulates crypto service providers under the Law on Payment Services Providers.
This proactive approach has made Luxembourg a major financial centre. Thus, offering investors a secure regulatory environment.
Key reasons why Luxembourg is a crypto-friendly country:
- One of the first countries to embrace Bitcoin payments.
- The country prioritizes staying ahead in financial innovation by developing crypto-related products.
- Luxembourg has integrated blockchain technology and cryptocurrencies into its financial system.
- It’s a significant financial hub with regulations prioritizing investor safety and legal certainty.
Regulatory laws:
- Anti-Money Laundering and Terrorist Financing (AML/CFT).
- Providers must obtain a license from the Commission de Surveillance du Secteur Financier (CSSF).
Taxation: According to the Hello Safe survey on the crypto capital gains tax rate, there’s no tax in Luxembourg if you hold the crypto for at least six months.
If you exchange them before six months (considered speculation), the tax ranges between 22% and 25%.
2023 global crypto adoption index score: 0.002
BTC ATM locations: None.
#16 Turkey
In recent years, Turkey has demonstrated significant interest in adopting cryptocurrencies.
The country faces one of the highest inflation rates globally. As a result, many Turks have turned to cryptocurrencies to protect their funds and make transactions easier.
Cryptocurrencies are not recognized under Turkish law. Consequently, there is a grey area regarding their legality. Therefore, it isn’t currently considered a particularly crypto-friendly country.
Despite this, the country has witnessed a rise in the number of crypto service providers and platforms tailored to its local market.
Key reasons why Turkey is a crypto-friendly country:
- Turkey has recently shown a strong interest in and adoption of cryptocurrencies.
- It ranks among the top countries for crypto usage.
Regulatory laws:
- Anti-Money Laundering (AML) regulations.
- Regulation on Prohibiting Payments with Crypto-Assets.
Taxation: Cryptocurrencies are treated as assets and are subject to capital gains tax.
2023 global crypto adoption index score: 0.142
BTC ATM locations: Istanbul, Bursa, İzmir, Ankara, and Mersin (20 ATMs).
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FAQs
What are the benefits of investing in crypto-friendly countries?
Investing in crypto-friendly countries can be beneficial. However, it’s important to understand the risks due to the volatile nature of cryptocurrency. Here’s why it can be advantageous:
- Clear rules: Crypto-friendly countries have straightforward regulations, which reduce uncertainty and encourage innovation.
- Less chance of strict laws. Unlike nations hostile to crypto, these countries are unlikely to impose harsh regulations or bans.
- Tax perks. Some crypto-friendly places offer tax benefits. It makes them appealing to investors and businesses, potentially boosting profits.
- Government backing. These nations may support blockchain development, fostering innovation and benefiting the industry.
- Thriving ecosystem. Crypto-friendly countries attract businesses and talent, providing investors with more opportunities and expertise.
What are the risks of investing in cryptocurrency in a crypto-friendly country?
Investing in cryptocurrency in a crypto-friendly country has risks to consider:
- Regulatory changes: Rules can change quickly, impacting your investments.
- Price swings: Cryptocurrency values can change unpredictably, causing losses.
- Security threats: Hacking and scams can lead to financial losses, despite regulations.
- Limited infrastructure: Some countries lack widespread crypto use, limiting investment options.
- Future restrictions: Even if a country is crypto-friendly, regulations could tighten later.
Which country has the least crypto restrictions?
Here are the countries with the least crypto restrictions, considering factors like regulations, tax benefits, and government stance:
- Portugal: Low crypto taxes and supportive rules for long-term holders.
- Singapore: Clear regulations and progressive stance.
- Slovenia: Emerging rules and low taxes for crypto businesses.
- Switzerland: A leading hub for crypto innovation with government support.
- The Bahamas: New laws to boost the crypto industry.
What countries are least crypto-friendly?
The least crypto-friendly countries are:
- China: In 2021, completely banned crypto transactions and mining.
- Bangladesh: Declared cryptocurrency illegal in 2014.
- Morocco: In 2017, banned all crypto activities.
Which country has the lowest crypto tax?
Singapore has the lowest crypto tax as there is no capital gains tax on individuals for cryptocurrency transactions.
Which country has the highest adoption rates for cryptocurrency?
According to the 2023 Geography of Cryptocurrency Report, India has the highest adoption rates for cryptocurrency.
Which countries offer the most favourable regulations for cryptocurrency businesses and investors?
Switzerland, Singapore, and Malta offer the most favourable regulations for cryptocurrency businesses and investors.
What factors should investors consider beyond a country’s crypto-friendliness when deciding where to invest?
Beyond a country’s crypto-friendliness, investors should weigh these factors when deciding on investments:
- Economic and political stability. A stable economy and predictable politics support secure investments, including crypto.
- Regulations across assets. Rules for stocks, bonds, and real estate also affect your investment strategy.
- Diversification. Spread investments across assets and countries to manage risks.
- Investment availability. Check if the country offers suitable crypto options.
- Market quality. Transparent markets aid informed decisions.
- Business environment. Consider ease of setting up businesses and fund repatriation.
What are the crypto tax-free countries?
Believe it or not, there are countries where you don’t have to pay taxes on crypto. El Salvador, Malta, Singapore, and Germany are among a few crypto-tax-free countries worldwide.
Even though it sounds exciting, the tax-free status in some of these countries may have certain conditions attached.
Read more: