Today Bitcoin is widely
known as one of the most popular digital assets. However, Bitcoin’s
revolutionary decentralized approach is a threat to some countries in the
world.
Just find out the most
crypto-friendly countries in the world with our top 5 list. After reading this
article, you will know exactly where to buy your first Bitcoin. Let’s get
started!
Japan
Today Japan strives to
have the most progressive crypto regulations in the world. The world’s first
major Mt. Gox Bitcoin exchange was founded in Tokyo. Even Bitcoin inventor is
known for having a Japanese ‘Satoshi Nakamoto’ pseudonym.
Japan is on its way to
fully accept, legalize, and integrate Bitcoin as well as cryptocurrencies as a
whole. For example, Japan was the first country in the world to approve Bitcoin
as legal tender.
Prime Minister of Japan
and His Cabinet officially recognized Bitcoin as ‘real money’ in the first
quarter of 2016.
Switzerland
Switzerland is famous for
its Canton of Zug, known as ‘Crypto Valley’. The region passed several very
progressive laws regarding cryptocurrencies and related businesses. Today the
Swiss state railway even accepts BTC as a means of payment for tickets.
Netherlands
In the Netherlands, no
one has ever imposed any prohibitions on cryptocurrencies or blockchain
projects. Back in 2013, vice versa they became an intrinsic part of the
Netherlands’ economy. The existence of Arnhem cryptocity speaks for itself. The
government strives to make Bitcoin one of the main elements of the decentralized
economy of the Netherlands.
Singapore
Singapore openly supports
cryptocurrencies and blockchain projects. That’s why Singapore is a popular
jurisdiction for cryptocurrency companies along with Switzerland.
Innovation is welcomed by
the state and regulators. In Singapore, a special regulatory platform for
fintech projects (FinTech Regulatory Sandbox) was created. It allows you to
carry out activities for six months without any special licenses.
Malta
Thanks to the assistance
of the government, over the past few years Malta has already managed to become
a center for the blockchain and cryptocurrency development. Major exchanges’
offices are moving to Malta. Over the past few years, Binance, OKEx, and Bitbay
have announced the offices establishing in this state.
Binance’s decision to
move the office to Malta is motivated by an aim to launch a fiat currency
exchange service. Malta has promised to deal with it.
Disclaimer
This information is
provided for informational purposes only. Such information is not intended as
and may not be relied upon as trading advice. Before deciding to trade
cryptocurrencies, you should carefully consider your objectives, level of
experience, and risk appetite. Please do your own research and due diligence on
the services provided by online cryptocurrency trading platforms.
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