ENJOY ZERO TAX ON BITCOIN: See Top 6 Crypto-Friendly Countries In The World
Cryptocurrency adoption has not yet gone mainstream; different countries have different rules for crypto trading and investment, while some outright ban the emerging technology.
It is important to do your research to understand how crypto taxes work in your jurisdiction. Rules and regulations vary from country to country. In this post, I will show you the six most friendly countries for bitcoin and other crypto.
1: El Salvador, In this country, bitcoin is legal-tender; they use crypto just the same way you use your local currency.
2. Central African Republic
3. Bahamas: They don't tax crypto.
4. Portugal
5. Malta
6. Switzerland: Cryptocurrencies are not considered taxable assets in switzerland, Malta and Portugal.
