Quote from: zasad@ on Today at 11:27:07 AM

Quote from: countryfree on June 15, 2023, 11:45:46 AM

Quote from: zasad@ on June 15, 2023, 10:46:49 AM

Quote from: Zoomic on June 14, 2023, 10:10:17 PM

Quote from: royalfestus on June 09, 2023, 06:01:25 PM

Nigeria deserves to be on the list because its citizens benefit from minimal taxation through peer-to-peer (P2P) transactions, and an impressive 5.75% of the global cryptocurrency ownership belongs to Nigerians. (According recent word statistics)

I do not even think Nigerians are taxed at all. Nigerians have an easy ride. The country doesn't permit crypto trading with their local banks so there is no how the banks will work out the taxing. So the Nigerians find ways to trade among themselves and using exchanges p2p with paying any form of tax.

If someone is looking for a country with the best tax treatment for bitcoin and cryptocurrencies, then they will probably choose a country with a developed economy and a friendly banking system.
If you need a country where there is no control over cryptocurrency, no taxes, or you have many opportunities not to pay taxes, then this is Russia. In Nigeria, there are no such shadow cryptocurrency markets as in Russia, and no one plans to close this market yet.

Maybe I'm special, but I don't want to live in Russia, nor in Nigeria.
I'd rather choose a country which I like, then find a way to optimize, or evade taxation there.

If you like Europe or the USA, then there are higher taxes on cryptocurrencies than in Russia and Nigeria. You can not evade taxes in Russia and pay 6% taxes, and with your tax return, confirm your income in Turkey or Dubai, if you need it. If you are a tourist, there are still many countries where there is no serious tax control.

I know. I've been taking advantages of those for many years.

Quote from: Zoomic on June 15, 2023, 10:29:36 PM

Quote from: countryfree on June 15, 2023, 11:45:46 AM

Quote from: zasad@ on June 15, 2023, 10:46:49 AM

Quote from: Zoomic on June 14, 2023, 10:10:17 PM

Quote from: royalfestus on June 09, 2023, 06:01:25 PM

Nigeria deserves to be on the list because its citizens benefit from minimal taxation through peer-to-peer (P2P) transactions, and an impressive 5.75% of the global cryptocurrency ownership belongs to Nigerians. (According recent word statistics)

I do not even think Nigerians are taxed at all. Nigerians have an easy ride. The country doesn't permit crypto trading with their local banks so there is no how the banks will work out the taxing. So the Nigerians find ways to trade among themselves and using exchanges p2p with paying any form of tax.

If someone is looking for a country with the best tax treatment for bitcoin and cryptocurrencies, then they will probably choose a country with a developed economy and a friendly banking system.
If you need a country where there is no control over cryptocurrency, no taxes, or you have many opportunities not to pay taxes, then this is Russia. In Nigeria, there are no such shadow cryptocurrency markets as in Russia, and no one plans to close this market yet.

Maybe I'm special, but I don't want to live in Russia, nor in Nigeria.
I'd rather choose a country which I like, then find a way to optimize, or evade taxation there.

When you said you won't live neither in Russia nor in Nigeria, I would have thought that your reason is that you are looking for a developed and peaceful country which is what many people seek for. Trying to evade tax is against the law and you can be dealt with if caught. It is better you live where you won't be taxed at all in crypto than living where you will put yourself in the extra stress of evading tax which is illegal.

Paying tax is stressful! Being a citizen is even more stressful. That's what I gave up.