› A list of countries that welcome the operation of crypto-currencies is launched

A list of countries that welcome the operation of crypto-currencies is launched

31.05.2018, 11:55

Switzerland is famous for the full-blown of operation of crypto-currency and block-projects, the rating is demonstrated on the conference website BlockShow Europe 2018.

“Switzerland is the primal hub for crypto-currency projects from around the world, by dint of upbeat regulatory dynamics,” the study said. “The Canton of Zug has turned into the home to several projects and foundations, containing Ethereum Foundation, Tezos, Dfinity, Bancor, ShapeShift.”

The authors of the rating have researched the operation of crypto-currencies in 48 European countries, the top-10 was launched on the conference website, while Russia does not. The tenth line is taken by Belarus.

The country was stood on the top of the list, because before 2023, there was a null tax on crypto-currencies in the country, as explained by the study.
Gibraltar occupies the second position while Malta stands on the third. The fifth is Denmark.

Belarus at the end of 2017 legalized all the crypto-currencies and granted transactions with them. The decree launched by the Belarusian President Alexander Lukashenko does not indicate any restrictions on regulation for the foundation, placement, storage, alienation, exchange of tokens, as well as the operations of crypto-exchanges and crypto platforms.

 crypto-currencies
Source : PYMNTS.com


Bitcoin and other crypto-currencies, in Russia, are not operated, in January the Ministry of Finance pronounced a draft law, in which he denied recognizing digital money as a means of payment. The document has not yet been accepted.

Bitcoin is well-received for its global sphere. It can be deduced that the traders can easily utilize Bitcoin to trade money wherever they are in the world, as long as they get internet connection.

Any traders who aspire to hold a Bitcoin business will elude at will those nations which actively impede its common usage by burdensome policies, heavy taxation, hostile banks, or even outright bans.

The sanguine news is that such hostile countries are scare. Most authorities are still underway in recognizing the way of using Bitcoin and have yet to launch decisive legislation. The common way is to identify Bitcoin under some pre-existing category so that standing laws can be it applied to it, usually for taxation purposes.
Several countries are having an agenda to recognize the use of Bitcoin, as they recognize that Bitcoin could bring a huge benefit to their economic prospect.


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