In what ways are cryptocurrency and nomads similar? With the freedom to go wherever they please, nomads and cryptocurrencies are a wonderful match. Cryptocurrencies are decentralized and exist only in cyberspace, making them the ideal currency for digital nomads. We provide info about Crypto-Friendly Countries.

As cryptocurrency gains in popularity, investors are naturally curious about which nations are most crypto-friendly. Many people, including business owners, travelers, and self-employed individuals, are becoming more interested in cryptocurrency investments.

Bitcoin and other cryptocurrencies are seen as stable, liquid money that is free from government regulation.

Cryptocurrencies and other forms of decentralized digital assets are highly regarded by nomads because they more accurately represent their ideals, priorities, and way of life than traditional fiat currency.

Everything you need to know about which nations are favorable to cryptocurrency and which you should avoid is covered in this post.

Table of Contents

- Top 4 Crypto-Friendly Countries
  - Bermuda
  - Malta
  - Liechtenstein
  - Switzerland
  - Conclusion
  - Learn More
Also Read

Top 4 Crypto-Friendly Countries

Bermuda

Bermuda has a long history of being a pioneer in the insurance sector, but the island nation is increasingly interested in being part of the cryptocurrency revolution.

Bermuda was recently highlighted as a developing destination by the New York Times as one that is actively wooing crypto firms and investors.

Fearing that the limited number of banks already operating on the island were not promoting crypto investment in the nation, in August 2018, Bermuda introduced legislation that would create a distinct class of banking licenses that would support fintech. Moreover, Bermuda has legislated to enable rapid approval of initial coin offerings (ICOs). Binance is also spending millions of dollars to establish compliance operations on the island.

Malta

Blockchain Island seems like a good name for Malta. This is according to the Maltese Parliament, which has been working for some time to solidify the European island nation’s pro-Bitcoin reputation by passing three measures in July 2018 providing a framework for blockchain technology.

Malta will be able to attract more offshore investment to its economy, which is good news in a part of the world where such investments are more challenging to come by.

Today, crypto companies may take advantage of Malta’s established regulatory body, low net corporate rates, and the opportunity to create a bank account in an EU country.

Liechtenstein

The Prince of Liechtenstein is actively wooing the cryptocurrency industry by making public statements about how he is personally investing in the space and reminding people that, despite its central European location, Liechtenstein is not a member of the European Union.

As this little nation has more businesses than residents, many crypto companies find its forested alpine regions to be ideal due to its inexpensive taxes and lax government oversight.

Switzerland

There are hundreds of blockchain firms in Switzerland, most of which have their headquarters in the canton of Zug, which has been called “Crypto Valley” due to its low tax rate.

Switzerland may be able to rehabilitate itself with the help of its crypto-friendly regulations, despite the fact that it has lost its shine as the world’s go-to economic refuge in recent years.

It was a foregone conclusion that Switzerland and the canton of Zug would adopt pro-crypto regulations at a time when many other parts of the world were uncertain, which led to Switzerland becoming a hub for initial coin offerings (ICOs).

It is said that the impact of Nikolas Nikolajsen, the creator of Bitcoin Suisse, was the primary factor in the region’s early pioneering efforts in the acceptance of bitcoin firms.

Conclusion

A life of independence is making it easier to make smarter financial decisions, which is a reality for many nomads. For the majority of nomads, this includes investing in digital assets such as Bitcoin.

If you are interested in getting started investing in crypto in Crypto-Friendly Countries, it is a good starting point to ensure you can invest in a country that is favorable to crypto, to ensure your coins are safe in the long term.

Learn More

If you want to learn more about becoming a digital nomad, creating a business you are passionate about, global taxes, and entrepreneurship, check out the links below:

The Work, Wealth and Travel Podcast

Discover More On The Blog