These could be the best countries for crypto

Since 2017, the crypto industry has suffered a number of regulatory actions from U.S. regulators, from initial coin offering lawsuits to charges against companies such as BitMEX. The nation’s Department of Justice has also recently put out crypto regulatory parameters.

Earlier this year, U.S. Representative Tom Emmer expressed apprehension about the U.S. hurting innovative progress amid its legal processes and requirements. Yocom-Piatt’s view of the U.S. as the most crypto-friendly county, however, looks at the situation from a different angle, noting the country’s freedoms rather than its restrictions.

Meanwhile, Rob Viglione, co-founder and CEO of Horizen, told Cointelegraph, that he sees Puerto Rico as the top place for crypto, although he answered the question in light of the best crypto location for U.S. persons. “I’m going to nominate a country that’s not always recognized as a country and is way underrated as a crypto hotspot: Puerto Rico!”

The U.S. Internal Revenue Service issued guidance on digital asset taxation for its citizens in 2019, although it brought further questions. Other updates have also occurred, including changes to crypto tax reporting forms.

One other complicated component of U.S. crypto taxation: Crypto is not viewed as property, so users must report every trade as a gain or loss, contrary to like-kind exemptions. But tax aspects aside, Puerto Rico hosts a strong cryptocurrency scene, according to Viglione.

From https://mickaelmosse.com/friendliest-of-them-all-these-could-be-the-best-countries-for-crypto/