The cryptocurrency market is not only an interest of the crypto community but also of world politicians and economists.
There are many regulations related to trading, selling, buying, and owning crypto. There are still places where any digital asset is forbidden. We have already written an article about taxes and crypto regulations in different countries. Now, let’s speak about the countries with the highest level of crypto trust.Top 7 Crypto-Friendly Countries
Many advanced countries have already implemented cryptocurrency in economic mechanisms or even in daily life. In some countries, it is possible to use crypto to pay bills, buy a cup of coffee, or even do shopping. Let’s find out what are the most crypto-friendly countries today.#1. Switzerland
Switzerland is one of the richest countries in the world. Despite being a member of the European Union, Switzerland is the only truly neutral country in Europe with its cryptocurrency (Swiss Franc). Switzerland was among the first countries to adopt cryptocurrency.
Zug, the largest town and the capital of Campton, is also known as the ‘Crypto Valley’. Several crypto companies such as Shapeshift and Xapo are located in Zug. The city administration has released several innovative laws concerning cryptocurrencies and related businesses. Citizens can even pay their utility bills using BTC.
Many state banks such as Falcon Private Bank and Julius Baer work directly with cryptocurrency. Vontobel bank even offers futures on the Swiss stock exchange.
In 2018, Switzerland was ranked number one in a list of top 10 European countries opening blockchain countries according to BlockShow.#2. Japan
Japan is the third country in the world with the best economy. Besides, Japan was among the first to adopt cryptocurrency, and the first to approve digital assets as a legal means of payment. The first major Bitcoin exchange, Mt. GOX, was based in Tokyo.