Cryptocurrencies and crypto-friendly countries: the guide to the optimal destinations for investing and moving

March, 2025
Blog

Since cryptocurrencies made their appearance in 2009, their use has grown steadily. However, not all countries welcome them with open arms.

In this article we briefly present the best global destinations for investing and moving into the world of cryptocurrencies, considering tax policies and investment opportunities.

Countries' approach to cryptocurrency policies

There is no common regulation in the world and people are increasingly looking for countries with the best civil-fiscal conditions or where they can spend, use, store or invest their cryptocurrencies.

There is no uniform policy in the taxation of ei cryptocurrencies different countries take different approaches: there are countries that consider them as foreign currencies, while others assimilate them to goods and apply VAT on transactions; States that apply capital gains and states that do not tax this eventuality; Nations that tax wealth and others that don't.

There are countries that have a more permissive approach, including the financial ecosystem, and others in which there are even some prohibitions.

It is important, therefore, to know which states are most crypto-friendly based on the different needs of each person.

You should also remember that sometimes you may need to move to a certain country to enjoy the concessions present.

Main types of taxation on cryptocurrencies

Cryptocurrency exchanges

Including trading between cryptocurrencies or exchanging with fiat.

Transactions with cryptocurrencies

Sending cryptocurrency between individuals to purchase products or services (Crypto Payments).

Income from cryptocurrency

Such as, for example: capital gain, interest, etc.

Tax policies and investment opportunities

There are also countries that have created others incentives for cryptocurrency investors to set up operations within their jurisdictions or pay for immigration services with Bitcoin (some countries now accept Bitcoin payment for citizenship programs).

Here is a short, but not exhaustive, list of main crypto-friendly countries:

Below is some very brief information on 3 of these countries: if you are interested you can write to us for more information.

Have we piqued your interest and would you like more information?

Switzerland

Switzerland is gradually progressing towards building an attractive “Crypto Nation”. companies and investors from all over the world.
Together with Malta, it was the first country to regulate the case.

They are reported two crypto hubs: one in Lugano in the Canton of Ticino and the other in Zug in the canton of the same name. The latter is also home to Ethereum, while a Lugano there are several presences in the crypto field:

there is an important presence of Tether;
there is a local public blockchain;
there is a local crypto;
the LUGA coin was issued;
the famous Plan B event takes place every year;
there is also a crypto-consulate of El Salvador.

Both in Lugano and Zug you can pay taxes in crypto (in Lugano without limits).

Switzerland classifies cryptocurrency as a private asset, so it means that private investors are exempt from paying capital gains taxes on cryptocurrencies.

El Salvador

El Salvador is the first country in the world to have adopted the Bitcoin as legal tender. Furthermore, President Bukele has transformed one of the most dangerous countries in the world into a safe and future-oriented nation. The country regularly invests in BTC as a national reserve.

In recent years, this small country has approved a number of pro-crypto regulations to establish its position as a forerunner among crypto-friendly countries, constituting a huge magnet for both cryptocurrency companies and investors.

The new law of El Salvador (so-called “Bitcoin Law“) allows citizens of the country to pay for goods, services and taxes in Bitcoin. From a tax perspective, the capital gain (if any) deriving from the exchange of money it is not subject to taxation.

The government is planning to launch a digital wallet, the “Chivo”, as well as the construction of a city through virtual currencies, “bitcoin city,” which will be powered by geothermal energy and will have no income, property and capital gains taxes.

To encourage foreign investment, the government of El Salvador has also foreign investors exempted in cryptocurrencies from paying income tax and capital gains tax on Bitcoin.

Finally, the country announced the program El Salvador Golden Visa, according to which immediate permanent residency will be granted to cryptocurrency investors who meet the minimum requirements required by the investment program; the CBI PROGRAM itself can be paid in Bitcoin.

Malta

We are well aware that the tax laws make Malta a huge attraction for people who want to move to this country, through the Maltese citizenship program and/or through residency in Malta.

Malta is also one of the most cryptocurrency-friendly countries in the world.

Since the Maltese law on blockchain technology and cryptocurrency was passed in 2018, the country has consolidated its position as tax haven for cryptocurrencies, earning it the title of “Blockchain Island”.

The Maltese government classifies cryptocurrencies as a “unit of account, medium of exchange or store of value”.

La taxation on capital gains realized from investments in long-term virtual currencies it is not applied.
In Malta, VAT is not applied even on the sale and purchase of cryptocurrencies.

Cryptocurrency investing, therefore, is tax exempt for both direct and indirect taxes.

However, if you are involved in day trading of cryptocurrencies, taxation will apply, similar to the case of day trading in the stock market.

Discover the characteristics and advantages and disadvantages of other countries with our GV Index.

Conclusions

Despite its growing popularity, not all countries share the same approach friendly towards cryptocurrencies from the countries just mentioned.

Some are even downright hostile; however, it is important to mention some of them both to avoid them and to monitor them in case of opening up one's discipline in favor of cryptocurrencies.

I Less crypto-friendly countries in the world, some for prohibitions, others for taxes, are:

Le global dynamics, to be constantly monitored, concerning payments, transactions, sales and trading of cryptocurrencies are constantly evolving, just as the positions of various countries are different to regulate the taxation and taxation of cryptocurrencies, with possible openings or closures of governments to encourage or discourage investments in cryptocurrencies.

In an extremely dynamic and complex scenario we can be your support for informed and reasoned choices.

Cryptocurrencies and crypto-friendly countries: the guide to the optimal destinations for investing and moving

Countries' approach to cryptocurrency policies