FX.co ★ Five countries supporting cryptocurrency

Switzerland

Experts consider Switzerland to be the most advanced country in terms of digital technologies. It claims to be called crypto nation. In connection with this, a so-called crypto valley was created in the city of Zug. It is an association which goal is to create a global blockchain system and cryptographic technologies. In addition to innovations in the blockchain industry, Switzerland is considered one of the leading countries in terms of successful implementation of ICO.

Japan

Experts believe Japan is one of the most digital friendly contries. The technological sphere is very developed here. Last year, Japan recognized virtual currencies as legal tender. According to the national media, investment in Bitcoin by the Japanese authorities amounts to huge sums. In April 2018, the Japan Virtual Currency Exchange Association (JVCEA) was established.

United Kingdom

The United Kingdom is considered one of the best crypto friendly countries, second only to Switzerland and Japan. This year, seven leading blockchain companies have united in a unique cryptocurrency organization called CryptoUK. It was created to avoid regulatory pressure from the authorities. The agency aims to make the UK a safe place for blockchain technology and digital projects. Increased attention is paid to the development of blockchain startups.

Netherlands

The netherlands is considered one of the countries open to innovations in the cryptosphere. This year, a Bitcoin embassy was created in the country, whose task is to popularize digital assets. The capital of the Netherlands, Amsterdam, has a reputation of the best European city for technology startups. In this case, the Dutch government does not seek to adjust the new class of assets under current legislation. The authorities of the Netherlands even developed their own cryptocurrency called De Nederlandsche Bank Coin (DNBCoin).

Denmark

Denmark is another European country with a favorable cryptocurrency environment. It introduced a zero tax on digital currencies which makes this state very attractive for crypto enthusiasts. After the adoption of the resolution that virtual currencies are not a means of payment, the National Bank of Denmark exempted digital assets from state regulation.