5 Best Places For Cryptocurrency Investors

In this article, we will show you the best climate for people who want to invest in cryptocurrencies. Most of these countries have zero taxes on cryptocurrencies. They also embrace the blockchain technology and start to implement it in their everyday lives. This is why investors love these countries.

1. Belarus

Belarus is one of the countries that have 0% tax on Bitcoin. It is expected that this stays this way until 2023 in order to build a strong, independent economic sphere much like Silicon Valley. They also use smart contracts as real legal documents as we know them. Belarus gives a lot of opportunities for people who want to open up a blockchain company.

2. Portugal

In Portugal, every personal income you make from cryptocurrency, you won’t be taxed. Their government stated that further sale of cryptocurrencies won’t be regulated under capital income or capital gains. But, if you were to open a business related to cryptocurrency activity, you will probably be taxed.

3. Hong Kong

Hong Kong is a great place for investors. They offer 0% capital gains tax making it a lot easier for future investors. Despite being a tax paradise, Hong Kong’s regulators brought up the news on increasing security and declaring some exchanges as a fraud. However, it didn’t really change the climate for potential investors as much as it was believed to.
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4. Netherlands

This is one of the countries that don’t offer a 0% tax rate. They do, however, offer low-tax options. Thus, the highest tax rate goes to 5% but keep in mind that the taxes may vary year to year as the entire market expands.

5. Germany

Germany is a great place for setting up a blockchain company. Their industry is booming in the past 10 years. Also, their cryptocurrency regulations allow for Germany to stay in the center of trading in Europe. Another great thing is that, if you hold on to your coins, you will not be taxed at all.