Crypto world champions: These countries score points with tax exemption!

Crypto world champions: These countries score points with tax exemption!

A recent study examined the world's best countries for cryptocurrencies, ranking fifty eight countries for their crypto-friendliness. This was done based on ten key factors, including regulation, legal status, usage, tax policy and infrastructure. Singapore tops the list with a score of 71.06, followed by Malta and Estonia. This research clearly shows how different countries' approaches to regulating and taxing cryptocurrencies are.

Singapore impresses with a capital gains tax of 0% and a clear legal framework. In addition, the ownership rate among the population is high: 24.4% own cryptocurrencies, while the usage rate is 11%. The density of crypto jobs is remarkable, with 89 jobs per million residents. Malta comes in second place with a score of 50.83. Despite only having a high ownership rate of 1.03%, Malta has strong legal clarity and offers a thriving crypto ecosystem with 22 crypto-friendly businesses per million residents.

Top places for cryptocurrencies

Estonia secured third place with a score of 47.39. Here the ownership rate is 1.55% and the infrastructure density is very high with 122 crypto providers per million inhabitants. However, Estonia also charges a capital gains tax of 20%. The United Arab Emirates and Argentina follow in fourth and fifth place. The UAE has a high density of crypto users with 25.3% ownership and 10% usage, while Argentina has the highest user penetration at 30%.

• Platz 1: Singapur (Score 71.06) – 0 % Kapitalertragssteuer
• Platz 2: Malta (Score 50.83) – 1.03 % Eigentumsquote
• Platz 3: Estland (Score 47.39) – 20 % Kapitalertragsteuer
• Platz 4: Vereinigte Arabische Emirate (Score 42.86) – 25.3 % Besitzanteil
• Platz 5: Argentinien (Score 41.17) – 30 % Nutzerdurchdringung

Switzerland ranks sixth with a score of 40.51 and offers no taxes on crypto profits for individuals. The ownership rate in Switzerland is 11.5%. The USA and Great Britain follow in seventh and eighth place, with the tax structure in the USA showing great variability with a range of 0 to 37%.

Crypto-friendly tax regimes worldwide

Some countries stand out not only for their high acceptance of cryptocurrencies, but also for their particularly favorable tax regulations. In Portugal, for example, there have been no crypto taxes for private individuals since 2018. There are also no capital gains taxes or income taxes on crypto activities in the Cayman Islands. The list of perspectiveausland.com shows that Malta also does not charge capital gains tax on long-term crypto profits. Interestingly, residents of El Salvador, where Bitcoin is legal tender, benefit from the tax exemption for foreigners.

In summary, the tax environment and regulation play a crucial role in the use and ownership of cryptocurrencies. Investors should be well-informed and possibly seek professional advice to make the best decisions for their investments.