5 Crypto-Friendly Countries to Base Your Business
Choosing the best country to set up a business is vital in this digital age, and especially so for crypto companies. As governments around the world continue to learn more about cryptocurrencies and elect to either crack down on them or allow them to flourish, some jurisdictions emerge as being better than others for launching a crypto startup.
USA: Booming Bet Right Now
The U.S. is unsurprisingly a hotbed of crypto companies. Many high-profile cryptocurrency exchanges, custody providers, wallet developers, and miners operate from the U.S. and the government is working to enact a clearer legal framework for crypto-related businesses.
Switzerland: Established and Secure
Switzerland has long been a crypto-friendly nation. Its government has been open to the idea of cryptocurrency, encouraging crypto startups to set up shop there, and in December announcing a new legislative approach to blockchain. Switzerland’s tax rate is also attractive.
Japan: Ahead of the Game
With the number of crypto companies in Japan growing – December saw 190 companies express the intention of market entry – the tech-savvy country is an ideal jurisdiction to set up a cryptocurrency business. The island nation has a booming bitcoin and cryptocurrency industry and was one of the first and only countries to recognize cryptocurrency within its legal system.
Singapore: Low Tax, Lots of Talent
The business-friendly, low-tax and tech-friendly Singapore is another jurisdiction worth considering.
Luxembourg: Most Economically Developed
A tiny country of little under 600,000, Luxembourg boasts one of the world’s largest cryptocurrency exchanges, Bitstamp.
Matthew Di Salvo’s original article for news.bitcoin.com reduced by 85%
Related story: US SEC Seeking Big Data Tool For Major Blockchains
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