The 10 Most Crypto Friendly Countries in The World in 2025

The adoption of cryptocurrency is accelerating with over 560 million cryptocurrencies users worldwide and growing. Countries are wisely positioning themselves as go-to destinations for crypto investors and entrepreneurs.

These crypto-friendly countries are combining clear regulations and low to zero tax rates on digital assets with supportive ecosystems that make it easier to buy, sell, trade, and store crypto legally.

This guide looks at the most attractive crypto-friendly countries in 2025, what makes them great for relocating to as a cryptocurrency user who wants to minimize taxation, launch a blockchain-based business or simply live in an innovative country:

• What makes a country crypto-friendly?
• 10 Most Crypto-Friendly Countries
• Crypto Tax and Regulation Overview by Country
• Least Crypto-Friendly Countries
• Frequently Asked Questions

What makes a country crypto-friendly?

Even though low taxation is a part of crypto-friendliness, there’s more to this status. It’s a combination of factors that shape how efficiently individuals and businesses can use, trade, and invest in digital assets.

According to the Global Intelligence Unit’s Global Crypto-Friendly Nations Report, the most crypto-friendly countries balance regulatory clarity, economic opportunity, innovation, and sustainability.

This comprehensive report analyzes and ranks countries using five core pillars:

• Regulatory environment: Examines how transparent and supportive a country’s crypto laws are. Countries with well-defined regulations and policies that encourage blockchain development and protect investors rank highest.
• Economic factors: Considers the nation’s economic stability, inflation levels, and openness to foreign investment, all of which impact how easily crypto can integrate into daily life and business.
• Technology and innovation: Evaluates the strength of digital infrastructure, including internet speeds, cybersecurity measures, and the presence of active blockchain ecosystems or research hubs.
• Green transition: Looks at the environmental footprint of crypto mining and trading, including access to renewable energy sources and the government’s commitment to sustainable innovation.
• Governance and transparency: Assesses how effectively public institutions operate, how transparent regulations are, and whether the rule of law supports a secure and predictable environment for crypto adoption.

10 Most Crypto-Friendly Countries 

1. Switzerland

Crypto-friendly score: 94.01/100

In 2018, Switzerland became the first country to allow crypto companies to open business accounts, establishing itself as a global crypto leader and attracting legitimate blockchain firms.

Switzerland classifies cryptocurrency as a digital asset, and some Cantons (states) even recognize Bitcoin as legal tender.

For individuals, crypto holdings and trades via personal accounts aren’t taxed, while transactions by professional traders are taxed as business activities.

The Swiss Canton of Zug, also known as “Crypto Valley,” is a thriving center for blockchain startups. Zug offers zero capital gains tax on crypto and was one of the first areas to accept Bitcoin payments, making it a top choice for crypto investors looking for a crypto tax haven or considering crypto citizenship or residency in Europe.

2. Singapore

Crypto-friendly score: 91.50/100

Singapore is a standout choice in Asia for crypto investors and crypto businesses due to its pro-innovation approach, strong economic stability, and favorable tax policies on crypto assets.

Known for its booming fintech sector, Singapore has no capital gains tax on crypto transactions for individual investors, allowing them to benefit from their crypto gains without the burden of additional taxes. This is particularly advantageous for those holding or trading crypto as part of their personal investments or exploring DeFi opportunities.

The Monetary Authority of Singapore (MAS) supports the growth of the cryptocurrency industry while maintaining strict anti-money laundering (AML) and counter-financing of terrorism (CFT) measures to ensure a secure financial environment. MAS has also introduced regulations that balance innovation with oversight, which offers reassurance to crypto businesses that operate within the country.

Although crypto trading companies and other entities that facilitate crypto transactions are subject to income tax, our Global Intelligence Unit believes that Singapore has earned its high ranking in the most crypto friendly countries 2025 report because it supports digital assets, has clear regulations, and offers a stable, transparent governance environment full of growth opportunities.

3. United Arab Emirates

Crypto-friendly score: 90.66/100

The United Arab Emirates (UAE) has emerged as one of the most crypto-friendly countries in the world, thanks to its clear regulations, stable economic foundations, and proactive government initiatives.

Dubai’s Virtual Assets Regulatory Authority (VARA) and the Securities and Commodities Authority (SCA) have established comprehensive rules for virtual asset activities, ensuring investor protection, clear licensing for crypto businesses, and legal certainty.

Financial free zones like the Abu Dhabi Global Market (ADGM) and Dubai International Financial Centre (DIFC) also offer tailored licensing and oversight, creating a robust ecosystem for crypto businesses and startups.

From an economic standpoint, the UAE enjoys strong crypto adoption, with over 30% of residents reported to hold digital assets. This reflects a high level of public engagement and acceptance. The government’s commitment to innovation is evident in initiatives like the Emirates Blockchain Strategy 2021, which integrates blockchain into various public services and sectors.

The country’s tax policy is another major draw. The UAE imposes no personal income tax, meaning individuals can trade cryptocurrencies without being taxed on gains. Corporate tax is a low 9% (only for businesses exceeding AED 375,000 in profit), and crypto transactions are exempt from VAT, making operations more cost-efficient for both individuals and firms.

Additionally, the country offers the UAE Golden Visa program where investors, entrepreneurs and skilled professionals can get long-term residency, enabling crypto founders and high-net-worth individuals to more easily establish a stable base in the country.

Technologically, the country supports digital innovation, with strong infrastructure and initiatives that promote blockchain integration across sectors. Dedicated zones like Ras Al Khaimah’s Digital Assets Oasis provide an ideal environment for startups and entrepreneurs in the crypto space.

Finally, the UAE maintains high compliance standards with strict AML (anti-money laundering) and KYC (know-your-customer) protocols, enhancing the safety, transparency, and legitimacy of its crypto ecosystem.

4. Liechtenstein

Crypto-friendly score: 90.66/100

Liechtenstein has established itself as a leading crypto-friendly nation by offering robust legal frameworks, favorable tax policies, and an environment that actively supports blockchain innovation.

Central to its crypto-friendly stance is the Token and Trusted Technology Service Provider Act (TVTG), also known as the Blockchain Act, which came into effect in January 2020.

This pioneering legislation provides comprehensive regulation for the token economy, ensuring legal certainty for businesses and protection for consumers. It encompasses various aspects of the crypto ecosystem, including token issuance, trading platforms, custody services, and more.

The Financial Market Authority (FMA) oversees the registration and supervision of crypto service providers, ensuring compliance with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. The FMA’s Regulatory Laboratory fosters innovation by facilitating dialogue between regulators and fintech companies.

Taxation in Liechtenstein is also conducive to crypto activities. Individuals are not subject to capital gains tax on profits from trading cryptocurrencies, and there is no wealth tax. Companies benefit from a flat corporate income tax rate of 12.5%, with no capital or coupon taxes, making Liechtenstein one of the most crypto friendly countries in Europe for both individuals and businesses.

Liechtenstein’s commitment to technological advancement is evident in its support for blockchain and fintech initiatives. The government actively promotes the development of the token economy, recognizing its potential to transform various sectors. Educational institutions, such as the University of Liechtenstein, offer programs focused on blockchain and fintech, contributing to a skilled workforce and a vibrant crypto economy.

5. The Netherlands

Crypto-friendly score: 90.63/100

The Netherlands has positioned itself as a leader in supporting crypto assets and blockchain businesses, driven by a forward-thinking approach and a welcoming attitude toward digital innovation.

Ranked among the wealthiest and most progressive countries globally and holding the fifth position in our report on the most crypto friendly countries, the Netherlands has embraced cryptocurrency as a legitimate financial tool.

Individual investors benefit significantly from the lack of capital gains tax on crypto transactions, meaning that gains from buying, holding, or selling crypto as an individual are not subject to additional taxes, supporting those who engage in HODLing or staking.

This supportive environment for crypto use is reinforced by the Dutch National Bank’s active role in regulating the industry, which has standardized practices and increased transparency. Meanwhile, the Financial Action Task Force (FATF) guidelines are followed to ensure the integrity and safety of the crypto space, providing a secure ecosystem for crypto businesses and investors

With minimal restrictions on crypto transactions and an open stance toward digital assets, the Netherlands is a top choice for investors looking for a stable and innovative destination in Europe for crypto-related activities.

6. Portugal

Crypto-friendly score: 90.54/100

For many crypto enthusiasts, Portugal is a top choice for living and investing in digital assets. Recognized as one of the world’s most developed nations, Portugal has made strides in tech innovation, prioritizing areas like blockchain, decentralized finance (DeFi), and cryptocurrency.

A standout factor is Portugal’s crypto tax incentives, such as investors benefiting from tax exemptions on personal crypto gains. This policy has positioned Portugal as one of Europe’s most crypto friendly countries 2025, despite potential upcoming changes.

Portugal also makes it easy for investors to gain residency through the attractive Portugal Golden Visa, which offers different investment options and allows the opportunity to enjoy the nation’s crypto-friendly tax benefits.

The Portuguese government also launched the Digital Transition Action Plan in 2020, encouraging business innovation and digital growth. This includes Technological Free Zones, where blockchain and crypto companies can conduct experiments, making Portugal an ideal destination for crypto investors looking to minimize tax burdens while enjoying a progressive, transparent governance environment.

7. Austria

Crypto-friendly score: 90.43/100

Austria has emerged as a leading crypto-friendly country by establishing comprehensive regulations, implementing a favorable tax regime, and fostering a supportive environment for individuals and businesses alike engaging in crypto activities.

The Austrian Financial Market Authority (FMA) provides a transparent domain for crypto-asset service providers (CASPs). The FMA released preliminary guidance on licensing for CASPs in anticipation of the EU’s Markets in Crypto-Assets Regulation (MiCAR) in 2024. This proactive approach ensures the country keeps pace with innovation.

On the taxation front, Austria has streamlined its approach to crypto assets. Since March 1, 2022, cryptocurrency holdings are considered income from capital assets and are taxed at a flat rate of 27.5%. This applies to current income (like mining or staking) and gains from sales or conversions. From January 1, 2024, domestic providers automatically deduct the tax for individuals residing in Austria, simplifying compliance.

Austria’s infrastructure also supports crypto adoption. The country boasts the highest number of crypto ATMs per capita in Europe, with 56 machines serving its 9 million residents. Additionally, Bitcoin sales are available in all 400 post office branches and 5,000 kiosks nationwide. Vienna, the capital city, has especially embraced cryptocurrency, with over 100 businesses accepting Bitcoin payments.

8. Estonia

Crypto-friendly score: 90.33/100

Estonia is widely regarded as a top European destination for crypto-friendly policies, thanks to its transparent regulations, strong governance, and digital-first economy.

The country has integrated cryptocurrency as part of its digital economy, treating digital currencies as equivalent to traditional assets for taxation. Crypto trading and mining are subject to capital gains tax, providing transparency and predictability that appeal to investors.

Estonia’s supportive legislation enables crypto businesses to operate efficiently. One of Estonia’s largest financial institutions, LHV Bank, offers its own blockchain wallet, showcasing the country’s commitment to digital innovation.

These factors have led many blockchain companies to establish themselves in Estonia, making it a secure and progressive environment for those looking to invest, build, or relocate to a crypto-friendly country in Europe.

9. Malta

Crypto-friendly score: 90.27/100

Malta has established itself as a global leader in cryptocurrency through its progressive and supportive viewpoint toward digital assets.

The government introduced comprehensive legislation with three core laws , including the Virtual Financial Assets Act, the Innovative Technology Arrangements and Services Act, and the Digital Innovation Authority Act. Together these formed a structured regulatory ecosystem for crypto assets and trading.

These regulations include clear classifications for digital assets and innovative frameworks that allow secure growth for crypto businesses. Additionally, Malta offers income tax incentives favorable to both residents and non-residents. Not to forget that the country offers the Malta citizenship by investment program and a Malta residency by investment scheme, attracting high-net-worth individuals seeking crypto-friendly countries with flexible relocation options.

10. Germany

Crypto-friendly score: 89.87/100

Germany takes a unique approach to crypto taxation, distinguishing it from many other nations. While not entirely crypto tax-free, Germany offers notable tax incentives for long-term investors.

If individuals hold crypto assets like Bitcoin or Ethereum for over a year, they are exempt from capital gains taxes on gains, which is a significant benefit for long-term holders and those exploring crypto-friendly countries Europe options.

Additionally, if crypto trading or exchange activities yield a profit under €600, these gains are tax-exempt. This income tax policy places Germany among the more crypto-tax-friendly countries in Europe, as it also ranks in the top 10 of the Global Crypto-Friendly Nations Report.

Germany offers sustainable digital investments while creating a serious, future-focused digital economy.

Honorable Mention: Argentina

Argentina’s economic landscape has made it a natural fit for crypto assets, especially as locals seek alternatives to the peso in response to high inflation. The government has generally taken a relaxed approach to crypto businesses and does not heavily tax crypto trading.

Argentina’s welcoming stance and the increasing integration of crypto transactions have helped the country become a significant player in Latin America’s crypto sector. The lack of restrictive regulations makes Argentina a favorable environment for investors seeking a crypto-friendly country.

Pedro Solimano, a political scientist and crypto specialist, pointed out during Global Citizen Solutions’ live stream on crypto-friendly countries that Argentina is a nation to watch, “I think that Argentina is right now, the biggest and most under-covered story that’s happening in terms of potential growth for Latin America when it comes to crypto investments.”

Crypto Tax and Regulation Overview by Country

Least Crypto-Friendly Countries

China

China has maintained some of the strictest regulations on cryptocurrency, banning crypto exchanges and initial coin offerings (ICOs) outright. All domestic crypto trading is prohibited, and the government has cracked down on mining operations, making China one of the least crypto-friendly countries globally.

India

India applies a 30% flat tax on all crypto gains and imposes a 1% tax deducted at source (TDS) on every transaction. While ownership is not illegal, these policies create a challenging environment for crypto traders and investors looking to operate transparently.

Algeria

Algeria has implemented an outright ban on the use, holding, and trading of cryptocurrencies. All crypto-related activities are considered illegal, with strict penalties for violations, placing Algeria among the most restrictive jurisdictions in the world.

Bolivia

Bolivia has implemented a complete ban on cryptocurrencies, prohibiting the use, trading, and possession of digital assets. The Central Bank of Bolivia cites concerns over financial stability, fraud, and the potential for money laundering, making the country one of the most restrictive environments for crypto worldwide.

Ecuador

Even though Ecuador has not imposed an outright ban on the use of crypto, the Central Bank of Ecuador does not recognize cryptocurrencies as legal tender. Crypto payments are discouraged, and the government has launched a state-backed digital currency, the Sistema de Dinero Electrónico, which underscores Ecuador’s cautious stance toward decentralized assets.

Bangladesh

Bangladesh strictly prohibits the use and trading of cryptocurrencies, classifying them as illegal under existing anti-money laundering and counter-terrorism financing laws. Authorities have issued clear warnings that involvement in crypto transactions can lead to fines or criminal prosecution.

Frequently Asked Questions about Crypto-Friendly Countries

What are the most crypto-friendly countries in 2025?

The most crypto-friendly countries include Portugal, Germany, Switzerland, the United Arab Emirates (Dubai), Singapore, Malta, and El Salvador. These destinations offer supportive regulations and, in many cases, no or low tax on cryptocurrency gains for individuals.

Which countries have zero tax on cryptocurrency gains?

Countries such as Portugal, El Salvador, the UAE, and Singapore have no capital gains tax on crypto held by individuals. However, tax rules may depend on whether you are considered a professional trader or have other taxable income.

Which country has the lowest crypto tax?

El Salvador not only boasts one of the lowest crypto taxes but was officially one of the first crypto tax havens. This country was among the first to adopt Bitcoin as a legal tender.

Are there any European countries that are crypto-friendly?

Yes, several European countries are crypto-friendly, including Switzerland (with its Crypto Valley), Portugal, Germany, and Malta.

Are there countries where crypto transactions are completely tax-free?

Yes, countries like Portugal, Malta, Germany (under certain conditions), and Singapore have tax-free or very low-tax policies for crypto transactions.

What are the visa options for crypto investors in tax-free countries?

Several countries offer residency options for crypto investors:

• Portugal: Golden Visa and D7 Visa
• UAE: Long-term investor visas
• Malta: Residency by Investment programs
• Singapore: Entrepreneur visas

These programs allow you to establish country of tax residency while benefiting from favorable tax treatment.

Which countries accept cryptocurrency as legal tender?


El Salvador and the Central African Republic accept crypto coins as legal tender. However, the latter has limited adoption.

Which countries have crypto-friendly banking systems?

If you’re looking to open an account for your cryptocurrencies, the following countries have the most favorable systems:

• Switzerland
• Singapore
• Liechtenstein
• Estonia
• Gibraltar

Which Caribbean countries are friendly to crypto investors?

Countries such as the Cayman Islands and Antigua and Barbuda are considered favorable for crypto investors because they have no capital gains tax and established offshore structures. However, some countries require specific licenses for operating crypto businesses.

Can I use cryptocurrency to pay for citizenship by investment or residency by investment programs?

Some programs allow cryptocurrency indirectly through licensed agents who convert it to fiat.

For example, Vanuatu’s Citizenship by Investment Program has accepted Bitcoin payments via authorized intermediaries.

Most other programs, like those in Malta, Portugal, and St. Kitts and Nevis, require fiat payments but may permit crypto conversions if properly documented.