Tax Free Cryptocurrency Countries

[Golden9]

While taxation is definitely good for a country's economy, people don't like having to pay huge sums just because they have it, especially when you have invested in a volatile and risky market like cryptocurrency.

Some of the best tax free countries for cryptocurrency include El Salvador, Dubai, Singapore, Denmark, and Belarus. There are also countries that don't really care either way, especially African countries.

 

[Smalto]

Don't think cryptocurrency is being taxed I'm my country, the government might have to consider it in the future when they have realized it has massive potential for generating profits, I may be wrong though.

 

[Niyi Briggs]

Don't think cryptocurrency is being taxed I'm my country, the government might have to consider it in the future when they have realized it has massive potential for generating profits, I may be wrong though.

The government has banned crypto and don't want to tax it. Is it possible to tax cryptocurrency without the bank accepting cryptocurrency? It is good that way as we can carry on our transactions unabated.

 

[Bisolami]

The government has banned crypto and don't want to tax it. Is it possible to tax cryptocurrency without the bank accepting cryptocurrency? It is good that way as we can carry on our transactions unabated.

I am even glad that they do not want us to make use of it even though we are still stubborn. If they fully allow us to use cryptocurrency, the tax placed on it will be very high.

 

[Suba]

Some countries do not tax crypto, especially for individuals, it is different from institutions and I will add three countries that are free of crypto taxes, including Malaysia, Portugal, Switzerland.These countries will basically encourage innovation to attract capital from abroad in the form of crypto. Crypto tax friendliness will allow investors from abroad to buy, sell or just hold without having to be taxed.

 

[Authenticity101]

It is so discouraging indeed to pay for taxes just because you have money. My country does not tax cryptocurrencies but they have plans of taxing it soon. Many people have been enjoying earning so well through them without paying any taxes.

 

[Magnus2022]

In my country, the government have placed ban on cryptocurrency but we are using P2P to do transactions. But presently, the government is considering taxing heavily on cryptocurrency. I think is better to tax than to ban.