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Cryptocurrency has changed the way we send and receive payments, providing lowered transaction costs, virtually instant payments, reduced risks, and unparalleled accessibility — even for those who are unbanked. While not every jurisdiction has made the adoption of cryptocurrency a priority, a few countries have gone above and beyond, not only taking steps to legalize cryptocurrency but even nurturing a crypto-friendly climate designed to encourage innovation and investments in the world of digital assets.
If you’re an avid crypto investor or trader, these most crypto-friendly countries could be perfect for you as they embrace the inherent volatility of cryptocurrencies. From Singapore to the Netherlands, these are among the most Bitcoin-friendly countries in the world.
A crypto-friendly country can be defined as one that actively creates a legal framework in which cryptocurrency can thrive, while boosting consumer confidence and reducing the risk of fraud.
While many countries are scrambling to better accommodate the rapidly evolving world of decentralized finance, some have quickly become frontrunners. These countries have stepped up to support the use of digital assets — much like fiat currency, for example — supporting a variety of digital payment options, or updating and outlining legal definitions to ensure they apply equally to both fiat and cryptocurrencies.