UAE recently just got ranked among the top five crypto destinations which consist of the following: singapore, hong kong, usa, and switzerland. this ranking involves, i assume, friendliness of the country towards crypto considering their regulatory jurisdictions.
would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?
Yes, the UAE seems to have become the biggest crypto-supported country lately. If you search, you will find large numbers of crypto platform offices in the UAE, including Binance. Besides that, you can cash out your Bitcoin or crypto there easily, and you can use it to establish your own business. For me, I would move to such countries for business, definitely to settle my own business. For the UAE, it was easy for me to move there and establish my own business there. would you agree about the countries involved? are you interested in moving into these countries or starting a business that is crypto related? also there is no country from africa in the ranking. could there be one in the future?
Sadly my country bans Bitcoin rather than adapts to it. That's the reason even you can't cash out a big amount of crypto in my country. So moving to a crypto-friendly country will help me to cash out my holdings and start a business there.
Prices in the UAE are absolutely uninspiring. I would only imagine early bitcoiners moving there.
Singapore and Hong Kong are also quite expensive.
For example, can you imagine buying real estate (the very first thing you need when moving) in these countries? You could go broke!
I think that in the future, the "best countries for bitcoin relocation" will change their stance and start introducing taxes (small ones at first) once the number of BTC-users increases in their location.
And if stop whining about "it's expensive to live in these countries," then in theory, these countries offer good opportunities for starting a new life after transferring "value" from bitcoin into traditional forms of money. Zero taxes are what bitcoiners need, and your country of residence will still receive a share of the profits from the business you create or the property you purchase. I still believe that the future belongs to these countries, whose loyalty to bitcoin will attract BTC-investors to their countries, and therefore capital, which will allow them to economically outperform countries that are opposed to bitcoin.
It would be nice to hold a poll and find out how many forum members have already moved to one of these countries.