Bitcoin Friendly Nations Scorecard

Bitcoin Friendly Nations Scorecard

🇸🇻 El Salvador

The first country to adopt Bitcoin as legal tender in 2021. Launched the Chivo wallet, no capital gains tax on Bitcoin.

🇸🇬 Singapore

No capital gains tax on crypto, progressive regulatory environment, and a hub for blockchain and crypto startups.

🇨🇭 Switzerland

Known for its Crypto Valley in Zug, offers tax exemptions for crypto profits, and has a supportive regulatory framework.

🇵🇹 Portugal

Favorable tax regime for crypto transactions, no tax on capital gains for long-term holders, and a growing blockchain community.

🇲🇹 Malta

Known as "Blockchain Island," provides a clear regulatory framework for crypto businesses, and has low corporate taxes.

🇩🇪 Germany

Recognizes Bitcoin as private money, no tax on crypto if held for more than a year, and has a strong crypto user base.

🇨🇦 Canada

Strong Bitcoin ATM presence, supportive regulatory environment for crypto businesses, and no specific restrictions on Bitcoin use.

🇸🇮 Slovenia

No capital gains tax on cryptocurrency, supportive government stance, and one of the highest Bitcoin adoption rates per capita.

🇦🇪 United Arab Emirates

Pro-crypto stance to attract foreign investment, no capital gains tax, and supportive regulatory bodies for crypto businesses.

🇪🇪 Estonia

Early adopter of digital currency, strong e-Residency program supporting crypto businesses, and clear regulatory guidelines for crypto exchanges.

This list reflects the situation up to the last update provided in the web results. Nations are continually evolving their policies regarding cryptocurrencies, so these standings might change with new legislation or shifts in governmental attitudes towards digital currencies.