Who will win the Crypto World Cup? – The best countries for cryptocurrencies

WC 2022 is in full swing. The German national team is already on the verge of elimination, while the Swiss started the tournament with a win. However, we are not concerned with the current games, but with a competition between countries for crypto investors. Which countries are most welcoming to cryptocurrency investors?

In this article, we will deal with the laws of certain countries and see which countries are best for you with cryptocurrencies.

We currently have an exciting test offer for you! you can ours Premium membership Try it for 1€/day in the first month. Consider giving it a try if you want to stay updated on the crypto market! You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information about the latest crypto trends at an early stage! So could our customers also buy various NFTs early enough. If you want to read more about our Premium Trial offer, then click here!

As a cryptocurrency owner, why would you look to other countries?

Cryptocurrencies are a relatively young investment object. There were almost no regulations in the crypto market for several years. Over time, however, governments have adopted cryptos and have regulated and even banned Bitcoin and other coins. But the restrictions are very different in different countries.

Bitcoin world currency

The different countries also differ in tax law. In many countries, you must pay tax on profits from cryptocurrencies just like any other source of income. On the other hand, there are countries where cryptos have a different status, which has a positive impact on your profits. The countries’ general tax rates also play a big role.

Who is the crypto world champion for investors?

In parallel with the World Cup in 2022, we want to select the most crypto-friendly countries in this article. We want to see where you are best off as an individual crypto investor. Because crypto investors often work from anywhere or at least often travel internationally. As such, they often have a choice as to which countries they can go to with their cryptocurrencies.

There are for investors three important questions to answer for the countries:

  1. Where is Crypto Rules very liberal? (hardly any legal restrictions, no bans)
  2. In which countries is it Customization of cryptocurrencies preferably?
  3. Where is Taxes for investors very positive (no or low tax rates, special provisions for cryptos)

Which country is the crypto world champion?

There is no surprise here for people from the crypto bubble:

El Salvador is the crypto world champion.

Bitcoin El Salvador

The Central American country is beloved by crypto fans. In 2021, Bitcoin was introduced as the national currency. This means that around 60% of the population of El Salvador now own cryptocurrencies. Adaptation is also progressing, and throughout the country you can pay with Bitcoin. In addition, as a foreign investor, you do not have to pay tax on profits from cryptocurrencies.

Which country will be vice world champion?

Singapore is not only considered an extremely friendly location among crypto investors. The city-state in Southeast Asia is one of the largest financial hubs in the world. Tax-friendly legislation and low taxes have attracted large banks and other financial institutions for decades. Despite clear regulation of crypto companies, Singapore offers tax exemption on capital gains and a high rate of adoption of cryptos (22% ownership of the population).

Singapore cryptocurrencies

Which countries come out on top when it comes to cryptocurrencies?

After our world champion and finalist have been determined, we would like to mention a few countries that were inferior to our finalists, but still offer a good infrastructure for crypto investors.

  • Slovenia: The capital Ljubljana was recently named the most crypto-friendly city in Europe. The small Balkan nation has 23 Bitcoin ATMs and no tax on cryptocurrency capital gains.
  • Portugal: Portugal offers a Golden Visa to crypto investors and also has no tax on capital gains from cryptos.
  • Switzerland: Switzerland is not only friendly to classic financial investors, but also to crypto-fans. Lack of capital gains tax is just one of the advantages.
  • Germany: As a German, you are not at a disadvantage when it comes to cryptocurrencies. The “Tax World Champion” Germany offers tax exemption on profits from cryptocurrencies if they are not redeemed for more than 1 year.
  • Estonia: The Baltic state has crypto-friendly legislation and no VAT on crypto profits.

Are you looking for one Chart analysis tool, which doesn’t distract you with community messages and other sounds? Take a look GoCharting on! This is an easy-to-use online mapping tool that requires no downloads or prior knowledge.

Click here to get 10% off your first payment (monthly or yearly)!

This image has an empty alt attribute.  The file name is named.png

GO TO THIS LINK TO INVEST IN CRYPTOCURRENCIES WITH THE CRACK!

This image has an empty alt attribute.  The file name is Kraken-lockup-new-whitebg.png

CLICK PRESS THIS LINK TO INVEST IN CRYPTOCURRENCIES AT COINBASE!

coin foot

GO TO THIS LINK TO INVEST IN CRYPTOCURRENCIES AT BITFINEX!

This image has an empty alt attribute.  The file name is image.png

We currently have an exciting test offer for you! you can ours Premium membership Try it for 1€/day in the first month. Consider giving it a try if you want to stay updated on the crypto market! You will receive trading ideas and professional trading support in the premium area. In addition, you will often receive information about the latest crypto trends at an early stage! So could our customers also buy various NFTs early enough. If you want to read more about our Premium Trial offer, then click here!

Selected posts


You may also be interested in this


More from Crypto Legislations

Leave a Comment