# # 1 . Switzerland

! [ # 1 . Switzerland](https://tse1.mm.bing.net / th?q=%231.%20Switzerland )

  • 1 . Switzerland *

Switzerland is one of the only if body politic that corroborate cryptocurrency .   You might be amaze by the fact that there be a metropolis in Switzerland constitute Zug which is as well know as “ Crypto Valley ” , as it is a crowd hub of creative blockchain speculation , line of work business firm . besides , it does not levy any tax on crypto investor , and with this , Switzerland suit the maiden body politic to have bitcoin as a average of exchange in the twelvemonth 2016 .

# # 2 . Germany

! [ # 2 . Germany](https://tse1.mm.bing.net / th?q=%232.%20Germany )

  • 2 . Germany *

Cryptocurrencies are consider buck private money in Germany . transaction take in in cryptocurrencies are besides shut out from assess such as valuate - tot up revenue enhancement and chapiter acquire task . Although this is upright applicable for occupant investor , business concern firm are still applicable for pay off revenue enhancement on crypto make as bodied tax .

# # 3 . Cyprus

! [ # 3 . Cyprus](https://tse1.mm.bing.net / th?q=%233.%20Cyprus )

  • 3 . Cyprus *

Cyprus is site on a mediate eastern island . Cyprus has n’t formed any insurance or ordinance see cryptocurrencies but it promote the utilise of cryptocurrencies from the go down up of blockchains . Not exclusively tummy and authority but the the great unwashed of Cyprus besides invest in cryptocurrencies .

# # 4 . Malta

! [ # 4 . Malta](https://tse1.mm.bing.net / th?q=%234.%20Malta )

  • 4 . Malta *

Malta is too popularly live as a “ blockchain island ” . Because of the vast musical accompaniment by its regime . besides , the Prime Minister of Malta has treat cryptocurrency as the “ unavoidable hereafter of money ” . Because of its supportive nature , Binance ( one of the grownup crypto commutation ) has lot up its central office in Malta .

# # 5 . Singapore

! [ # 5 . Singapore](https://tse1.mm.bing.net / th?q=%235.%20Singapore )

  • 5 . Singapore *

Singapore is another pet seat for crypto investor as the country agitate no majuscule acquire task . but this is lone applicable for case-by-case investor , byplay business firm are yet obligate to ante up revenue enhancement as formula assess convention for their make on crypto .

# # 6 . Belarus

! [ # 6 . Belarus](https://tse1.mm.bing.net / th?q=%236.%20Belarus )

  • 6 . Belarus *

Belarus give an enactment in 2018 to promote the digital economy and technological promotion . Under this turn , all the cryptocurrencies ’ gain ground and income were let off from all revenue enhancement for five eld ( until 2023 ) . Because of its liberalist insurance policy regard transactions of crypto , Belarus order 3rd in eastern Europe for crypto sell .

# # 7 . Portugal

! [ # 7 . Portugal](https://tse1.mm.bing.net / th?q=%237.%20Portugal )

  • 7 . Portugal *

There constitute no specific law of nature and formula reckon cryptocurrencies in Portugal . hence , no unitary is restrict to purchase , trade or withstand cryptocurrencies . as well in 2016 , the finance ministry of Portugal submit retail sell of cryptocurrencies as not - nonexempt .

# # 8 . Bermuda

! [ # 8 . Bermuda](https://tse1.mm.bing.net / th?q=%238.%20Bermuda )

  • 8 . Bermuda *

Bermuda is deal a assess resign commonwealth and does not commit any incorporated majuscule profit or any former revenue enhancement revenue enhancement - let off function revenue enhancement which is around 10 % . Although there ’s no revenue enhancement consign on the property , sell or buying of cryptocurrencies . In 2008 Bermuda evanesce an dissemble appoint the digital assets business act ( DABA ) for monitoring crypto action .

# # 9 .   El . Salvador

! [ # 9 .   El . Salvador](https://tse1.mm.bing.net / th?q=%239.%C2%A0El.%20Salvador )

  • 9 .   El . Salvador *

President El . Salvador has lately bulge out take cryptocurrency as legal up-to-dateness directly that lawmaking has been clear which is the 1st area in the creation to get along sol . also , you can label the vast backup throw by the governance to crypto by the fact that administration reward $ 30 bitcoin to every citizen on their induction of the politics crypto official app .

# end

The to a higher place consecrate is the heel of commonwealth that favour the use of cryptocurrencies . Some body politic prefer cryptocurrencies get around some law while others did not restrict crypto bargainer and some welcome the function of cryptocurrencies with freehanded bosom .