What are best crypto friendly countries to live in? Meaning no taxes on crypto income, adequate banks, crypto as legal tender.
Thanks!
According to what I know if you are looking for a comfortable place to live and not taxed on crypto income, namely:
1.
El Salvador: Being the first country to adopt Bitcoin as a legal tender, of course El Salvador will exempt crypto taxes for its residents.
2.
Belarus: In 2018, Belarus has legalized all crypto-related activities and exempted its perpetrators, individuals and businesses, from taxes for five years. That means, from 2018 to 2023, there will be no taxes at all for players in this industry. This is done to support the digital economy in the country.
3.
Germany: While cryptocurrencies are not completely tax-free, Germany has interesting regulations that allow investors to avoid taxes. In Germany, crypto assets are not seen as capital assets, so, if residents hold crypto for more than one year, then they will be one hundred percent tax-free.
4.
Portugal: Portugal is also the best place to get tax freedom on crypto assets. As of 2018, crypto transactions and investment activities for individual investors will not be taxed at all. And for business people in this industry, there are still tax rules.
5.
Puerto Rico: Not part of the US, Puerto Rico does not follow federal tax laws, but instead has its own laws for crypto tax matters. Residents in Puerto Rico only pay much lower income taxes than the US federal income tax rate.
Perhaps here are 5 of the parts of the country that are very crypto-friendly and tax-safe.