Crypto-friendly countries
Canada
By Geoffrey Lyons
Published on Aug 2, 2024
Last modified on Aug 22, 2024
Canada
Canada treats crypto as a commodity for tax purposes, which means lower tax rates and greater clarity in how taxes are reported. The country is also a hub for blockchain innovation and Vancouver is well-known for having a strong Bitcoin community.
El Salvador
The small Central American country made history in 2021 by adopting Bitcoin as legal tender. While the move drew widespread criticism, it undoubtedly made El Salvador one of the most crypto-positive countries in the world.
Estonia
Cryptocurrencies are exempt from VAT in this Baltic state. Estonia also runs an e-Residency program that lets people establish a company remotely, thus attracting Web3 entrepreneurs from all over the world.