Top 10 Cryptocurrency and Blockchain-Friendly Countries in the World

  • January 4, 2021
  • Jennifer Moore

One of the biggest things about cryptocurrency is its universal acceptability and flexibility. Unlike additional currencies, it comes with no geographical barriers and can travel freely worldwide and hold the precise exchange value. 

Being one of the latest revolutions in the digital market, Bitcoin has spurred the modern era of transformation. It has led to bringing various countries working towards combining this technology with other business operations. 

Being a well-known positive technology worldwide, only some nations have shown positive acceptance of this technology and made it an integral part of their business operations. No matter it is healthcare or the retail sector, blockchain technology discovers its application in approximately every business niches. This article throws light on the ten countries that have accepted blockchain with open arms. Read more below. 

1. Malta

Malta is the first nation to accept blockchain technology positively in the world, therefore it cannot be missed when talking about the top 10 blockchain-friendly countries in the world. Malta is soon likely to turn out to be the island of blockchain technology. Some of the biggest crypto exchanges in the world inaugurated their offices in Malta, thereby planning to start their crypto banks in the future. The country is positively working towards blockchain technology’s promotion. Malta has further formed new rules and regulations that happen to be developing a favorable hub of development for enterprises looking forward to venturing into blockchain technology. 

2. Japan

Japan is recognized to possess some of the most consecutive crypto regulations worldwide. Due to this, approximately 10% of the entire global traffic to cryptocurrency exchanges arrives from Japan. During 2017, the nation recognized crypto assets as legal tender and secured clear tax rules for traders and investors. The Japanese Virtual Currency Exchange Association (JVCEA) includes more than twenty companies having the corporate authority to declare and implement regulations and rules for crypto exchanges in Japan. 

3. The United States

As far as crypto trading is concerned, the United States of America tops the list with an immense trader number dealing in Bitcoin. From the start, the United States has remained a pioneer in the crypto trading industry with the maximum number of crypto ATMs and additional silicon-valley enterprises for promoting the same. The USA has made each endeavor to advance and achieve this technology for making it a part of their mainstream business functioning. States like Texas and Montana are deemed to be the most favorable ones as far as Blockchain startups are concerned.

4. Israel

The growth and inclination of Israel in the stock market are recognized worldwide. It has revealed similar interest within the virtual currency space as well. Being one of the biggest financial centers in the world, Israel’s take on cryptocurrency was pretty significant. Such a positive breakthrough towards cryptocurrency was quite favorable in the world. With 4 Bitcoin ATMs and 58 Bitcoin merchants in the world, Israel happens to be one of the most engaging Bitcoin nations in the world. 

5. Switzerland

Switzerland has developed Zug. Zug happens to be a valley of cryptocurrency that is a part of the country focusing on blockchain. The country has progressed forward for creating a tax-free regulation concerning the traders and investors looking forward to investing in blockchain. Other than being a blockchain-friendly country, Switzerland’s crypto atmosphere has attracted many investors. The country has further promoted blockchain projects such as Ethereym, Xapo, and DFINITY. 

6. United Arab Emirates (UAE) 

As far as the acceptance of blockchain is concerned, the United Arab Emirates is one of the biggest crypto-friendly nations. The nation has started utilizing its cryptos in 2016 and presently is turning out to be a worldwide hub for crypto. Furthermore, the country is also planning to be one of the first global nations to have a government-backed blockchain. This is as various investors and startups are eyeing the United Arab Emirates as a profitable ecosystem for beginning their blockchain technology venture. 

7. Luxembourg

The small European country of below 600,000 citizens happens to be a serious contender when it comes to tax benefits. The Commission de Surveillance du Secteur Financier (CSSF) remained one of the initial European domestic financial regulators for providing commentary on crypto with its regulated Bitcoin Communiqué 2014. In this country, cryptos are deemed as intangible and flexible assets. It indicates that they are not subjected to taxes until they happen to be disposed of. Moreover, every crypto transaction happens to be exempt from the Value added tax. 

Also Read: Top Investing Trends to Watch Out for in 2021

8. Estonia 

Estonia is a developing crypto-friendly nation that left no stone unturned when it comes to exploring various avenues of blockchain. The nation has also created numerous rules and acts that allow blockchain pioneers to come to Estonia for making their investments looking forward to venturing into this growing technology. Coming up with e-residencies attracting blockchain startups, Estonia has now become the hotspot for cryptocurrency, 

9. Argentina 

Argentina is the name of a leading crypto-friendly nation within South America. With Buenos Aires being its capital city, Argentina is home to 20 bitcoin ATMs, 130 Bitcoin merchants, and an immensely huge number of Bitcoin traders within the world. The small-populated nation has made its way to the top 10 bitcoin-friendly countries in the world as one of the stalwarts of crypto trading worldwide. 

10. China

When discussing the top 10 blockchain-friendly nations in the world, we should not miss China. China, initially announcing a ban on cryptocurrency and its mining, progressed well when it came to blockchain-based service developments. The nation’s ban has not deterred it from venturing into innovative blockchain developments. Ranging from its education to the legal system, China has adopted some notable moves when it came to promoting blockchain-based services. China actively supports its own smart contracts platforms such as NEO, TRON, VeChain, and Qtum. 

Also Read: Blockchain Trends 2021 Assures Building Trusted Organizations By Digitally Transforming Them

 

Wrapping Up

The blockchain market happens to be highly dynamic, plus so are the advancements encircling it. Various nations are presently favoring the application of Blockchain technology, other than these nations, and are also adopting this technology for making a notable difference on the worldwide platform.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download the Mobile Apps

Contact Us

    Watchlist

    BCH/USD

    BTC/USD

    ETH/USD

    HCX/USD

    XRP/USD

    ETC/USD

    BSV/USD

    LTC/USD

    EOS/USD

    ADA/USD

    BAT/USD

    HBAR/USD

    UBU/USD

    AAVE/USD

    GRT/USD

    YFI/USD

    WBTC/USD

    USDC/USD

    UNI/USD

    TUSD/USD

    SNX/USD

    SHIB/USD

    PAX/USD

    MATIC/USD

    MKR/USD

    ZEC/USD

    FTT/USD

    DOGE/USD

    BTG/USD

    BUSD/USD

    CHZ/USD

    COMP/USD

    DAI/USD

    XLM/USD

    SOL/USD

    XTZ/USD

    DOT/USD

    VTHO/USD

    TRX/USD

    LUNA/USD

    ALGO/USD

    AVAX/USD

    TFUEL/USD

    THETA/USD

    VET/USD

    NEAR/USD

    BCH/BTC

    BTC/BTC

    ETH/BTC

    HCX/BTC

    XRP/BTC

    ETC/BTC

    BSV/BTC

    LTC/BTC

    EOS/BTC

    ADA/BTC

    BAT/BTC

    HBAR/BTC

    UBU/BTC

    AAVE/BTC

    GRT/BTC

    YFI/BTC

    WBTC/BTC

    USDC/BTC

    UNI/BTC

    TUSD/BTC

    SNX/BTC

    SHIB/BTC

    PAX/BTC

    MATIC/BTC

    MKR/BTC

    ZEC/BTC

    FTT/BTC

    DOGE/BTC

    BTG/BTC

    BUSD/BTC

    CHZ/BTC

    COMP/BTC

    DAI/BTC

    XLM/BTC

    SOL/BTC

    XTZ/BTC

    DOT/BTC

    VTHO/BTC

    TRX/BTC

    LUNA/BTC

    ALGO/BTC

    AVAX/BTC

    TFUEL/BTC

    THETA/BTC

    VET/BTC

    NEAR/BTC

    BCH/USDT

    BTC/USDT

    ETH/USDT

    HCX/USDT

    XRP/USDT

    ETC/USDT

    BSV/USDT

    LTC/USDT

    EOS/USDT

    ADA/USDT

    BAT/USDT

    HBAR/USDT

    UBU/USDT

    AAVE/USDT

    GRT/USDT

    YFI/USDT

    WBTC/USDT

    USDC/USDT

    UNI/USDT

    TUSD/USDT

    SNX/USDT

    SHIB/USDT

    PAX/USDT

    MATIC/USDT

    MKR/USDT

    ZEC/USDT

    FTT/USDT

    DOGE/USDT

    BTG/USDT

    BUSD/USDT

    CHZ/USDT

    COMP/USDT

    DAI/USDT

    XLM/USDT

    SOL/USDT

    XTZ/USDT

    DOT/USDT

    VTHO/USDT

    TRX/USDT

    LUNA/USDT

    ALGO/USDT

    AVAX/USDT

    TFUEL/USDT

    THETA/USDT

    VET/USDT

    NEAR/ETH

    BCH/ETH

    BTC/ETH

    ETH/ETH

    HCX/ETH

    XRP/ETH

    ETC/ETH

    BSV/ETH

    LTC/ETH

    EOS/ETH

    ADA/ETH

    BAT/ETH

    HBAR/ETH

    UBU/ETH

    AAVE/ETH

    GRT/ETH

    YFI/ETH

    WBTC/ETH

    USDC/ETH

    UNI/ETH

    TUSD/ETH

    SNX/ETH

    SHIB/ETH

    PAX/ETH

    MATIC/ETH

    MKR/ETH

    ZEC/ETH

    FTT/ETH

    DOGE/ETH

    BTG/ETH

    BUSD/ETH

    CHZ/ETH

    COMP/ETH

    DAI/ETH

    XLM/ETH

    SOL/ETH

    XTZ/ETH

    DOT/ETH

    VTHO/ETH

    TRX/ETH

    LUNA/ETH

    ALGO/ETH

    AVAX/ETH

    TFUEL/ETH

    THETA/ETH

    VET/ETH

    NEAR/ETH

    BCH/HCX

    BTC/HCX

    ETH/HCX

    HCX/HCX

    XRP/HCX

    ETC/HCX

    BSV/HCX

    LTC/HCX

    EOS/HCX

    ADA/HCX

    BAT/HCX

    HBAR/HCX

    UBU/HCX

    AAVE/HCX

    GRT/HCX

    YFI/HCX

    WBTC/HCX

    USDC/HCX

    UNI/HCX

    TUSD/HCX

    SNX/HCX

    SHIB/HCX

    PAX/HCX

    MATIC/HCX

    MKR/HCX

    ZEC/HCX

    FTT/HCX

    DOGE/HCX

    BTG/HCX

    BUSD/HCX

    CHZ/HCX

    COMP/HCX

    DAI/HCX

    XLM/HCX

    SOL/HCX

    XTZ/HCX

    DOT/HCX

    VTHO/HCX

    TRX/HCX

    LUNA/HCX

    ALGO/HCX

    AVAX/HCX

    TFUEL/HCX

    THETA/HCX

    VET/HCX

    NEAR/HCX

    BCH/INR

    BTC/INR

    ETH/INR

    HCX/INR

    XRP/INR

    ETC/INR

    BSV/INR

    LTC/INR

    EOS/INR

    ADA/INR

    BAT/INR

    HBAR/INR

    UBU/INR

    AAVE/INR

    GRT/INR

    YFI/INR

    WBTC/INR

    USDC/INR

    UNI/INR

    TUSD/INR

    SNX/INR

    SHIB/INR

    PAX/INR

    MATIC/INR

    MKR/INR

    ZEC/INR

    FTT/INR

    DOGE/INR

    BTG/INR

    BUSD/INR

    CHZ/INR

    COMP/INR

    DAI/INR

    XLM/INR

    SOL/INR

    XTZ/INR

    DOT/INR

    VTHO/INR

    TRX/INR

    LUNA/INR

    ALGO/INR

    AVAX/INR

    TFUEL/INR

    THETA/INR

    VET/INR

    NEAR/INR

    BCH/AED

    BTC/AED

    ETH/AED

    HCX/AED

    XRP/AED

    ETC/AED

    BSV/AED

    LTC/AED

    EOS/AED

    ADA/AED

    BAT/AED

    HBAR/AED

    UBU/AED

    AAVE/AED

    GRT/AED

    YFI/AED

    WBTC/AED

    USDC/AED

    UNI/AED

    TUSD/AED

    SNX/AED

    SHIB/AED

    PAX/AED

    MATIC/AED

    MKR/AED

    ZEC/AED

    FTT/AED

    DOGE/AED

    BTG/AED

    BUSD/AED

    CHZ/AED

    COMP/AED

    DAI/AED

    XLM/AED

    SOL/AED

    XTZ/AED

    DOT/AED

    VTHO/AED

    TRX/AED

    LUNA/AED

    ALGO/AED

    AVAX/AED

    TFUEL/AED

    THETA/AED

    VET/AED

    NEAR/AED

    BCH/EUR

    BTC/EUR

    ETH/EUR

    HCX/EUR

    XRP/EUR

    ETC/EUR

    BSV/EUR

    LTC/EUR

    EOS/EUR

    ADA/EUR

    BAT/EUR

    HBAR/EUR

    UBU/EUR

    AAVE/EUR

    GRT/EUR

    YFI/EUR

    WBTC/EUR

    USDC/EUR

    UNI/EUR

    TUSD/EUR

    SNX/EUR

    SHIB/EUR

    PAX/EUR

    MATIC/EUR

    MKR/EUR

    ZEC/EUR

    FTT/EUR

    DOGE/EUR

    BTG/EUR

    BUSD/EUR

    CHZ/EUR

    COMP/EUR

    DAI/EUR

    XLM/EUR

    SOL/EUR

    XTZ/EUR

    DOT/EUR

    VTHO/EUR

    TRX/EUR

    LUNA/EUR

    ALGO/EUR

    AVAX/EUR

    TFUEL/EUR

    THETA/EUR

    VET/EUR

    NEAR/EUR

    BCH/SGD

    BTC/SGD

    ETH/SGD

    HCX/SGD

    XRP/SGD

    ETC/SGD

    BSV/SGD

    LTC/SGD

    EOS/SGD

    ADA/SGD

    BAT/SGD

    HBAR/SGD

    UBU/SGD

    AAVE/SGD

    GRT/SGD

    YFI/SGD

    WBTC/SGD

    USDC/SGD

    UNI/SGD

    TUSD/SGD

    SNX/SGD

    SHIB/SGD

    PAX/SGD

    MATIC/SGD

    MKR/SGD

    ZEC/SGD

    FTT/SGD

    DOGE/SGD

    BTG/SGD

    BUSD/SGD

    CHZ/SGD

    COMP/SGD

    DAI/SGD

    XLM/SGD

    SOL/SGD

    XTZ/SGD

    DOT/SGD

    VTHO/SGD

    TRX/SGD

    LUNA/SGD

    ALGO/SGD

    AVAX/SGD

    TFUEL/SGD

    THETA/SGD

    VET/SGD

    NEAR/SGD

    Loading
    +
    Chat Now
    Welcome to Paybito Support