Because of the decentralized nature of cryptocurrencies, moving financial capital to another country has become simple. With neither a government nor higher institutions regulating crypto, there will be no restrictions for bringing all of your cryptos with you and successfully settling in a new country.
If you already happen to be a crypto trader or investor, it’s important to bear some extra details in mind before living aboard. We suggest that you do thorough in-depth research on the next potential country of your residence as each country has crypto rules and regulations.
Today we are about to get our hands on some of the countries that proved to be a good fit for crypto enthusiasts.
Malta is at the top position on our list as it’s the first country ever to adopt a nationwide regulatory framework for both blockchain and cryptocurrencies. Positioning itself as a prime Fintech island, this Mediterranean country quickly became a home to multiple crypto exchanges. With its enthusiastic and highly positive approach to blockchain technology, Malta is undoubtedly the most popular crypto island!
Singapore, the “Lion City”, is famous for its innovations and unprecedented adoption of technology and has hosted the highest number of crypto and blockchain events and summits since the beginning of digital assets becoming a worldwide thing.
Labeling Buenos Aires as the crypto capital of South America, Argentina leads the charts with its 30+ Bitcoin ATMs and the highest rates of crypto traders density in the world.
Following the number of crypto amateurs in Argentina, the country is currently setting a high bar in global crypto awareness and education.
Courtesy of Hong Kong’s “light-touch regulatory environment”, this Chinese special administrative region has set up territory to numerous BTC ATMs and made all the cryptocurrencies immune to VAT. Seen as commodities, cryptocurrencies are not perceived as a threat to the region’s national economy.
The land of tulips and windmills is now home to almost 80 merchants accepting bitcoin and also several Bitcoin ATMs all around the country. Famous as a tech hub, Amsterdam has developed a warm climate for blockchain-based start-ups such as Bitfury and Bitpay. As for the latest records, 1 million Dutch people have invested in crypto.
A hotspot for blockchain enthusiasts and crypto traders, the baltic country of Estonia made itself famous for its openness to blockchain innovations and willingness to integrate the technology with primary institutions affiliated with healthcare and banking. Estonia counts enough Bitcoin ATMs to provide the citizens with an operational and quite efficient digital assets climate.
With its 900 Bitcoin ATMs all across the country but with a focal point in Toronto, Montréal, and Vancouver, Canada, quite undoubtedly holds the crown of one of the most crypto loyal hubs in the world. It’s important to mention that any kind of cryptocurrency activity in Canada is taxed – let it be capital gains or income tax, depending on the business labeling of your enterprise.
Crypto exchanges operating in Japan provide 10% of the estimated crypto global traffic. Recognizing digital assets as legal property under the Payment Services Act (PSA), Japan has set a clear tax framework for all investors. Also, Japan has inaugurated The Japanese Virtual Currency Exchange Association, consisting of several organizations entitled to the collective authority to pass and enforce any cryptocurrency regulations.
As for authorized banking group reports, South Africa is crowned as the most designated crypto area in Africa. Transforming into a digital continent, South Africa is home to Bitcoin ATMs and digital assets in schools and academies and welcomes crypto trading.