Most Crypto Friendly Countries
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1. El Salvador
- Legal Tender: Bitcoin is legal tender (since 2021), with government-backed infrastructure like the Chivo Wallet.
- Tax-Free Gains: No capital gains tax on crypto transactions.
- Volcano Bonds: Plans to issue Bitcoin-backed bonds to fund geothermal energy projects.
- Challenges: Volatility concerns and regulatory uncertainty remain, but the government remains pro-Bitcoin.
2. Singapore
- Tax-Free Gains: No capital gains tax on crypto for individuals; corporate tax rates are (17%).
3. Portugal
- Tax-Free Gains: No capital gains tax on crypto held for personal use (taxed at 28% if traded as a business).
4. United Arab Emirates (UAE)
- Tax-Free Zone: No capital gains tax; Dubai and Abu Dhabi offer crypto-friendly free zones (e.g., DMCC, ADGM).
Decentralized Exchanges (DEXs): These platforms facilitate direct peer-to-peer trading without intermediaries.
- Uniswap
- SushiSwap
- PancakeSwap
- LocalBitcoins
- Bisq
- ShapeShift
- Changelly
- BitMEX
Peer-to-Peer (P2P) Platforms:
- LocalBitcoins
- HodlHodl
- Binance P2P
- Paxful
- WazirX