Bitcoin
BTC$36 440.02

-0.54%

Ethereum
ETH$2 391.51

-2.26%

Tether
USDT$1.000288

-0.01%

Binance Coin
BNB$380.90

2.83%

USD Coin
USDC$0.999656

-0.05%

Cardano
ADA$1.018466

-2.84%

Top 5 Countries That Favor Cryptocurrencies


October 2019

More and more countries are recognizing the inevitability of the blockchain revolution and try to adjust the financial regulations and requirements accordingly. However, there are several states that have taken a positive stance on crypto, which translates to a legal acknowledgment of digital currencies as a viable means of payment and business operations. Here is the list of Top 5 countries where cryptocurrencies are gradually becoming a part of financial life. 

Singapore


Singapore currently upholds the reputation of the country that recognizes technological innovation and adapts its legislation in a way that lures the promising startups to this jurisdiction. Just check out the reported place of registration of most Asian cryptocurrency exchanges, and you will find out that the majority of them are domiciled in Singapore.

The fact is that the Monetary Authority of Singapore (MAS) has taken several meaningful steps towards facilitating the registration of cryptocurrency-related projects and establishing an advantageous taxation system. For instance, the applicable ‘Goods and Services Tax on Virtual Currencies” provides for the tax rate of only 7% for the domestic supply of services, while the international supply is not taxed at all.   

Malta


The official policy of the Maltese government states that the country is striving to become the first “blockchain island” that welcomes tech startups with open hands. And indeed, they have already taken very concrete legal steps to show the seriousness of their intentions. Relaxed crypto regulation has been developed to attract promising blockchain projects from around the world that are tired of looking for regulatory arbitrage. Malta is probably one of the few countries in Europe that has a comprehensive regulatory framework for cryptocurrencies, ICOs, and the application of distributed ledgers.

Estonia 


Estonia follows the suit of Malta in terms of establishing herself as one of the blockchain powers in Europe. The government of this small Baltic country decided to exploit the rising popularity of cutting-edge technology and created the necessary legal conditions for the promising blockchain startups to thrive. No wonder that when one opens up the project info, more often than not, he finds out that it is registered in Estonia. This friendly attitude towards cryptocurrencies is dictated by the fact that Estonia has an ambitious plan to create a Digital Society with blockchain at its service.  

Japan


The Land of the Rising Sun has traditionally been known as the pioneer of tech and innovations, including blockchain. Cryptocurrencies have officially been recognized as legal tender within the framework of the Payment Service Act, which allowed to eliminate the consumption tax on operations with cryptocurrencies, thus making them more accessible to the general public.

Thanks to that, the Japanese have become one of the biggest adopters of cryptocurrencies, with nearly a third of the population being involved with crypto to a different extent. Interesting fact, in the midst of the 2018 bear market, when the general sentiment towards crypto was at its worst, more than 200 Japanese companies applied for the cryptocurrency exchange license, which signifies the popularity of digital coins in this country.   

Switzerland


Switzerland is home to the unique Crypto Valley, a tax and tech haven located in the city of Zug. The Crypto Valley Association (CVA) is the organization that manages the activities in this particular field and even lobbies the crypto agenda among Swiss regulators, which resulted in the passing of more than a dozen legislative acts that were favorable towards blockchain startups. The entire country is gradually turning into a world-class incubator for crypto startups and develops a legal framework that allows these companies to thrive. These are some of the reasons why Facebook chose Swiss jurisdiction for its Libra project.

Author: Alex Paulson for Crypto-Rating.com

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 46 $36 440.02 -0.54% -6.27% $690 249 828 112 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 70.4% 60 $2 391.51 -2.26% -15.99% $285 413 947 340 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $1.000288 -0.01% 0.01% $78 191 159 918 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 66% 65 $380.90 2.83% -10.73% $62 892 838 207 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 92.4% 1 $0.999656 -0.05% -0.02% $49 469 609 170 USDC 7 days price change
6 Cardano (ADA) ADA Cardano predictions 67.2% 63 $1.018466 -2.84% -16.24% $34 172 614 154 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.8% 53 $0.595622 -2.09% -13.43% $28 433 155 075 XRP 7 days price change
8 Solana (SOL) SOL Solana predictions 66% 67 $88.51 -2.42% -27.36% $27 879 047 959 SOL 7 days price change
9 Terra (LUNA) LUNA Terra predictions 66.8% 73 $49.02 -18.93% -35.45% $19 644 476 734 LUNA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 68.4% 64 $0.138977 -2.55% -9.51% $18 438 138 572 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 66.8% 68 $17.64 -1.41% -20.96% $17 421 416 458 DOT 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 67.2% 67 $62.75 -3.19% -16.79% $15 365 789 164 AVAX 7 days price change
13 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000626 0.19% 0.02% $14 853 235 915 BUSD 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 64.4% 74 $1.60 -0.20% -14.76% $11 930 161 847 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 68% 68 $0.000021 -1.22% -19.95% $11 257 222 749 SHIB 7 days price change

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