Top 4 Countries in Europe That Support Cryptocurrency

Many countries are happy to embrace cryptocurrencies and the technology behind them. To this day, the popularity of altcoins is growing and it’s developing a whole new industry in Europe. Some of the countries have exceptional conditions for one cryptocurrency to maintain. Their policies, regulations and even their culture set criteria for most crypto accepting nations in the world.

1. Switzerland

This European country is maybe the best place for everything finance related. It’s a home to many great banks and it comes to no surprise to see them accepting cryptocurrency. Many new companies set their headquarters in Switzerland because of the tax-free opportunities. Investors and traders find this country very attractive because cryptocurrencies here are considered as an asset for capital gains. ICOs are regulated as securities.

2. Denmark

Much like Switzerland, Denmark has a 0% tax on cryptocurrencies. The country doesn’t see cryptocurrencies as legal tender so this means that they can be excluded from regulations. The Danish government, however, warned citizens of the speculative nature of the currencies but the citizens didn’t pay much attention to these warnings.
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Denmark is the most attractive place for trading cryptocurrencies.

3. Estonia

Estonia is a very tech-friendly country. They always embrace new innovations so it’s no wonder they accepted cryptocurrencies with both arms open. Unlike Denmark, the Estonian government adopted the blockchain technology and implemented it in all systems, networks and even launched their own Estcoin token. Estonia makes it possible for its citizens to create an e-resident account and access payment service providers, online tax paying and much more.

     4.Slovenia

Slovenia is probably one of the many countries in Europe where its citizens immensely support bitcoin. They even have a bitcoin association. They develop a blockchain strategy for Information Society, they put more bitcoin ATMs available and more than 200 companies that promote the blockchain technology.