It is known that cryptocurrency law in Portugal is very friendly. The authorities have taken a soft stance towards crypto investments. Additionally, individuals who gain profits from the sales and purchases of crypto are not taxed on their capital gains. If you’d like to exchange your cryptocurrency for a different cryptocurrency, like fiat, you won’t be taxed either.

Portugal is also favorable for those worried about the taxes on payments they receive in digital currencies. If you’re an individual, you don’t have to worry about paying heavy capital gains taxes.



A country is known for its incredible banking standards. Some may also refer to it as the realm of finance since this is where you can have low levels of risk and high levels of privacy. In addition, the country has very lenient regulations for digital currency traders and investors as well.

The tax rules will differ from canton to canton, but they are usually quite friendly. Switzerland is also a great place if you want to start cloud mining, as it has a perfect system for the crypto mining industry. Even though you will probably be taxed on your mining gains, you can profit a lot.



A great thing about Germany is that it doesn’t treat digital currencies as legal tender, but rather as private money. Long-term investors may find Germany as paradise thanks to the laws in this country. However, if you want to avoid taxes and you don’t plan to hold on to your investment, then you might want to reconsider.

Regardless of the value, you have in crypto, you won’t be taxed for it if you hold it for more than 18 months. Clearly, the country is trying to fight off those who are trying to use the law for their high-volume trading.



As you probably already know, Singapore is probably the most well-developed and stable economy in the world at the moment. Many entrepreneurs go there to do business, but an increase in crypto miners and traders is also noticeable.

The country is a tech hub of southeast Asia, and the cryptocurrency is carefully monitored to prevent illegal activities and laundering. Therefore, it is a perfect land if you want to legally develop your crypto business and if you need a balanced regulatory. Cryptocurrencies are used as an experimental construct and will continue to grow here.



Due to its friendliness towards cryptocurrencies, Malta is a place where many blockchain projects and crypto exchanges happen. This small island has been on the radar for many investors over the past couple of years. After Hong Kong tightened its regulations, Binance was welcomed on Malta.

It was rumored that more than $70 billion in crypto had passed through the borders of Malta over the past years. Some will say that the country lacks some sort of a regulatory body, but considering the number of traders and miners being there, it is hard to say that there is something bad about it.



Last but not least, the country in the top three is Switzerland. Many experts believe that this is one of the most crypto-friendly countries in the world. The nation’s tax laws are just perfect for long-term investments and for holding your digital assets for more than a year.

Even though crypto mining has been taxed here since last summer, companies like Western Union are still accepting cryptocurrencies as payment options. It also makes sense that it is very hard to find someone who doesn’t love Switzerland when speaking about cryptocurrency regulation.

However, if you want to make some short-term profits, then it would be wise to move to another place with fewer taxes on capital gains and low fees associated with exchanges and trading platforms.

A lot of countries are now planning to regulate cryptocurrency exchanges with licensing programs. This is an exciting opportunity for businesses that want to build their business in the space, but it also means that entrepreneurs will need to do some research on these new locations before making a final decision.

Even though countries like China have decided to ban cryptocurrencies and ICOs entirely, there are still plenty of places around the world where digital currencies are allowed and celebrated by the local governments. If you want to open your blockchain-based company in one of these countries here’s how you can easily go about it.