What are the Most Crypto-friendly Countries? (Top 8 Countries)

What are the Most Crypto-friendly Countries? (Top 8 Countries)
  • Opening Intro -

    Simply put, a crypto-friendly country tries to ensure taxes and regulations are as friendly as possible for businesses that use blockchain - the underlying technology of cryptocurrencies.

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Check out these eight countries where you can earn a good income from crypto.

1. Japan

Japan has some of the most progressive crypto regulations in the world. Many businesses and stores in the country accept Bitcoin and other legal currencies. Consequently, at least 10% of the global crypto trade originates from Japan.

2. Switzerland

The capital of crypto, a Swiss town called Zug, leads the country’s blockchain technology. Here you can find businesses, entrepreneurs, incubators, and more who support cryptocurrency. It’s also a tax-free haven for crypto investors.

3. Malta

This small archipelago is known as "Blockchain Island" and the government has embraced this moniker. As a result, Malta is rather attractive to aspiring blockchain startups.

4. Liechtenstein

After Malta, this is the second country to officially classify cryptocurrencies as having legal status. Liechtenstein also supports the necessary legal framework for blockchain startups.

5. Gibraltar

Gibraltar is aiming to become a hotspot of blockchain technology within the Mediterranean by creating business-friendly crypto laws. A defining feature is their insurance coverage for crypto assets that are listed on the GBX-DAX.

6. Barbados

Despite the slow growth of startups, the government of Barbados supports crypto companies both politically and financially. Additionally, over the past few years, the Central Bank of Barbados has considered adopting crypto.

7. Slovenia

This country has served as the incubator for many new blockchain startups thanks to its crypto-friendly regulations. The first mall to accept cryptocurrencies in the world, BTC City Center, was created here.

other valuable tips:

United Kingdom

While it might not be the best country for crypto trading, it certainly is better than many others, and there are plenty of trading courses in London to help get you started.

Conclusion

As you can see, more countries are hopping onto the crypto train. We’ll continue to keep you updated on the latest countries adopting crypto in our future blog posts.

Image Credit: crypto friendly countries by Pixabay

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