El Salvador is a relatively small country in Central America. It official currency has been the USD since 2001.
The world was taken by surprise in 2021 when El Salvador’s president announced that beginning on September 7, 2021, Bitcoin (BTC) will become official legal tender in the country. The cryptocurrency will be supported by the government and have equal standing alongside the other legal tender of the USD.
This news instantly elevated El Salvador to one of the most interesting and supportive jurisdictions for digital nomads seeking a crypto-friendly government....
Portugal is one of the countries with the highest quality of life in Europe, and also one of the most crypto-friendly countries in the bloc.
Personal crypto trades are exempt from VAT and there are no capital gains or income taxes on these transactions.
Note that businesses engaged in crypto-related activities (such as cryptocurrency exchanges, blockchain start-ups, or cryptocurrency hedge funds) do not benefit from this exemption. These businesses are charged the usual rate of 21% on company income....
Singapore is a well-known financial center, and runs a progressive regime that has already introduced crypto-friendly legislation. There is zero capital gains tax on cryptocurrency profits.
The country’s regulatory authorities published initial coin offering (ICO) guidelines in 2017, and many merchants around the country already accept BTC and other cryptocurrencies for transactions and purchases.
It’s no wonder that so many cryptocurrency exchanges and blockchain startups choose to establish their headquarters in Singapore....
Switzerland is home to the so-called “Crypto Valley” in Zug where several cryptocurrency and blockchain startups are founded.