In 2021 it became clear that the cryptocurrency industry will not be able to avoid regulation. To some extent, the supervisory authorities of almost all leading countries have paid attention to the developing market.
The legal status of cryptocurrencies varies significantly in different jurisdictions. While certain states are waging fierce wars with cryptocurrencies and tightening their regulation, there are countries with the opposite approach that support the development of blockchain projects. So in some countries, operations with cryptocurrencies are officially allowed. They are usually treated as a commodity or an investment asset, and for tax purposes are subject to the relevant legislation.
Below we will consider the most favorable countries for registering and running a crypto business.
Lithuania
Lithuania has a fairly friendly and fully regulated legal environment for the creation of fintech businesses, companies offering cryptocurrency exchange services, and crypto-wallets.
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