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Looking for an emigration destination? These 5 countries have come to appreciate cryptocurrencies

 


Many crypto investors are now making profits on their own or have already amassed a certain amount of assets. This gives them the opportunity to spend their lives where governments of certain countries are particularly friendly towards cryptocurrencies. In these 5 countries, cryptos are now highly valued.

Cryptocurrency Friendly Countries - 1. El Salvador

We have discussed the Central American country very often in the past. Most crypto fans know that El Salvador made Bitcoin the local currency. This automatically makes it one of the countries that are very friendly towards Bitcoin and other cryptocurrencies. In the meantime, a large part of the energy for Bitcoin mining is generated from volcanoes. This should secure the infrastructure around the Bitcoin for decades.

2. United Arab Emirates (UAE)

The United Arab Emirates has been one of the friendliest countries for business enterprises for years. With its multiple economic “free zones”, the emirates offer commercial enterprises ideal conditions for settlement. Since last year, this has particularly been the case for companies in the crypto sector. So I called Binance Cho CEO Changpeng Zhao the UAE "very pro-crypto" and bought his first house there.

3. Canada

Regarding the USA and its attitude towards cryptocurrencies, a few questions remain unanswered. The northern neighbor Canada seems to be one of the countries that are still very friendly towards cryptocurrencies. The Canadian financial authorities approved the first physically located Bitcoin ETF in 2021. Canada has been trying to make the regulations for cryptos clear and understandable since 2020. Furthermore, Canada is number 4 worldwide in terms of Bitcoin mining power.

4. Singapore

Singapore is also a state that is considered extremely business-friendly. So it is not surprising that the city-state in Southeast Asia is also one of the friendliest countries for crypto exchanges and companies dealing with cryptocurrencies. Local authorities are happy to welcome new crypto companies. Furthermore, Singapore is one of the countries with the largest adaptation of crypto currencies. 43% of the population owns cryptos.

5. Gibraltar 

One of the other countries that are friendly to cryptocurrencies is the dwarf state of Gibraltar. The government of Gibraltar is in good contact with major players on the global crypto scene. Last year many of the largest exchanges opened their doors in Gibraltar with increasing support from regulators. The world's second-largest crypto exchange Huobi relocated some of its trading operations to Gibraltar to escape the growing bans in China.

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