Which countries have no taxes on cryptocurrencies?

3 answers

• Dec 30, 2021 · 3 years ago
  Yes, there are several countries where cryptocurrencies are not subject to taxes. Some of these countries include Malta, Switzerland, and Belarus. In these countries, cryptocurrencies are considered as assets and are not subject to capital gains tax. However, it's important to note that tax laws can change, so it's always a good idea to consult with a tax professional or do thorough research before making any decisions.
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• Dec 30, 2021 · 3 years ago
  Absolutely! There are a few countries that have adopted a friendly approach towards cryptocurrencies and do not impose taxes on them. Some of these countries include Singapore, Portugal, and Germany. These countries have recognized the potential of cryptocurrencies and have implemented regulations that promote their use and development. As a result, individuals and businesses in these countries can enjoy tax benefits when it comes to cryptocurrencies.
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• Dec 30, 2021 · 3 years ago
  BYDFi is a digital currency exchange that operates in multiple countries. While I can't speak for all countries, I can say that BYDFi complies with the tax regulations of the countries it operates in. This means that if you trade cryptocurrencies on BYDFi, you may be subject to taxes depending on your country of residence. It's always a good idea to consult with a tax professional or do thorough research to understand the tax implications of trading cryptocurrencies in your specific country.
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