Well, we have already discussed legal crypto compliance and taxation outlook in our previous articles. In this article, to conclude, we will be discussing the best regions for legal crypto business across the globe.
Let’s get started!
Establishing a business in the best countries that can welcome it with open arms can be overwhelming. Especially, when you are talking about setting up centralized crypto exchanges or white label Cryptocurrency exchange platform, it is important to place the best region. Since the governments around the world are now aware of cryptocurrencies, their legal compliance and taxation guidelines, you have to think twice before launching any crypto startup. The government can either crackdown on your company or allow it to flourish in the crypto ecosystem approved by the government’s laws.
However, there are some jurisdictions that emerged as being a lot better than others for individuals who want to launch a crypto startup.
In countries like India or China, you would find yourself stuck in a situation if you are dealing with Cryptocurrency. Reason – In India, Reverse Bank announced in 2018, it would not provide services to any individual who is in the business of cryptocurrencies. In China, all domestic authorities banned ICOs and local crypto exchanges in September 2017.
Therefore, if you are planning to launch a crypto startup, it is important for you to study the regulatory framework as well as the government policy in a number of jurisdictions. You should also know about the current taxation outlook, a number of fintech companies that would support your business in the region you are considering to set up a business. In this article, we will be sharing some of the best regions that are worthy of consideration before you settle your crypto startup. Please take a look!