USA: Booming Bets Now
US. this is not surprising is the nest of crypto companies. Many crypto digital currency exchanges, prison providers, wallet developers, and miners operate from the US and the government works to create a clearer legal framework for crypto-related businesses. Policies vary from one country to another, and while taxation guidelines in the US are generally unclear, in December MPs submit bills for making tax exemptions for certain crypto currency transactions. The cryptocurrency community in the US is growing and technology is slowly entering the mainstream. For example, Ohio last year allowed companies in the state to pay various taxes, from tobacco sales taxes to employee deduction taxes, to bitcoin.
Switzerland: Established and Safe
Switzerland has long been a country that is friendly to crypto. His government has been open to the idea of cryptocurrency, prompting the crypto startup to set up shop there, and in December announced a new legislative approach to the blockchain. Swiss tax rates are also attractive. In general, this country offers a low tax environment for businesses and many bitcoin service startups are based in Switzerland. The state tax regulator considers cryptocurrency as an asset, subject to a property tax that must be stated in annual returns. A 2018 report states that 50 top cryptocurrency and related blockchain companies in Switzerland's "Crypto Valley" are worth $ 44 billion. The Bitcoin ATM maker, Lamassu, moved to Switzerland because of problems with maintaining bank accounts elsewhere and has been able to develop in a landlocked country progressively. And with some of the best universities in Europe, including the École polytechnique fédérale de Lausanne, which hosts the innovation park, there are many talents to choose from.

Japan: Ahead of the Game
With the number of crypto companies in Japan growing in December seeing 190 companies expressing their intention to enter the market - a country that understands technology is the ideal jurisdiction to establish a cryptocurrency business. The island nation has a booming bitcoin and cryptocurrency industry and is one of the first and only countries to recognize cryptocurrency in its legal system. Adoption also developed in this country, with many businesses, restaurants and cafes receiving crypto for payments compared to other countries and jurisdictions in this list. Last year, the country's Financial Services Agency published a draft new cryptocurrency regulatory report. The country also allowed 16 of the largest crypto exchanges in the country to build an independent regulatory body. This step shows how Japan excels in terms of regulation and enables crypto companies to develop. As a result, more and more startups are moving to Japan to take advantage of the friendly regulatory environment.
Singapore: Low Taxes, Many Talents
Singapore, which is business friendly, low tax, and technology friendly is another jurisdiction that should be considered. Although the previous regulatory framework for crypto was not entirely clear, and some businesses could not develop due to problems with bank accounts, the state financial regulator said in October that it was very open to crypto companies working with banks to reach an agreement to let the business grow. Last year, Singapore's central bank completed the country's new regulatory framework for payment services, which now includes digital currencies. Singapore is not comparable with Japan, but moves in the right direction. Big business and large technology communities are also ideal for attracting investors and talent for startups that focus on crypto.
Luxembourg: The Most Developing Economy

Luxembourg, a small small country under 600,000, offers one of the world's largest digital currency exchanges, Bitstamp. Bitflyer based in Tokyo also has offices in European countries after being granted a Payment Institution license to operate in the European Union. Luxembourg has long been a financial and business-friendly country and the country clearly sees the potential of digital currencies. Crypto exchanges in Luxembourg are regulated by CSSF and must follow the same rules as other financial institutions. Regarding taxes, cryptocurrency is treated as an intangible asset, and is not subject to income tax until it is disposed, while cryptocurrency transactions are excluded from VAT. This country is also a good place to attract talent for crypto companies, with the innovative Luxembourg University currently working to improve the security of crypto assets.
