FX.co ★ World’s 5 crypto-friendly countries

Switzerland

Being a neutral country, Switzerland is also actively engaged in private financial and banking services. Once the country was even called a crypto nation. Later the Crypto Valley was established in Zug to attract cryptocurrencies and blockchain companies. It is an independent association supported by the government. The valley focuses on the global blockchain technology system and cryptographic innovations development. Switzerland is famous as one of the leading countries for successful ICO implementation.

Japan

Japan is considered as one of the most pro-crypto countries in the world. People’s willingness to accept innovation contributes to the popularity of cryptocurrencies. Japan officially recognized digital currencies as legal tender in 2017. The Japan Virtual Currency Exchange Association (JVCEA) is a self-regulatory body established in the country in 2018. It appeared as a result of the merge of the Japan Blockchain Association and the Cryptocurrency Business Association. The new company consists of 16 Japanese exchange markets and is known for its stocks and cryptocurrencies assessment.

UK

The United Kingdom is also on the list of the most crypto-friendly countries. Presently, there are numerous crypto communities engaged in blockchain development. Seven UK leading blockchain companies teamed up and created a self-regulating cryptocurrency association CryptoUK. This organization has made a set of regulations that control blockchain projects and digital assets. It pays special attention to British blockchain startups and their safety. The government’s non-interference in the economy makes Britain an attractive destination for crypto enthusiasts.

Netherlands

Freethinking and liberalism have always been the distinctive features of the Netherlands. Thus, it is not surprising that the country is quite liberal in terms of digital assets. Notably, a new bitcoin embassy has been launched in Amsterdam. Here, crypto enthusiasts are engaged in the popularization of virtual currencies. Amsterdam has overtaken other cities in the distribution of digital assets. The Dutch authorities have no intention to take control over cryptocurrencies. However, the Dutch Blockchain Coalition (DBC) is planning to create a regulator responsible for the cryptocurrency projects.

Denmark

Denmark is also on the list of crypto-friendly countries. Zero tax on digital currencies made it very appealing to crypto investors. Danmarks Nationalbank decided not to participate in virtual currency regulation. According to the bank, digital assets are not an official means of payment due to the absence of the main issuer. Currently, there is no regulator in Denmark to control virtual assets. Such conditions are very attractive for crypto enthusiasts.