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Author: Admin | 2025-04-28
The aim to enforce the development of a digital economy. As per the news, crypto activities will be completely tax-free.Looking for an expert ICO development company in Belarus? Try SAG IPL’s affordable yet innovative crypto services.8. HollandIt is one of the countries which has shown a positive attitude towards bitcoin and other virtual currencies. There is a special region, called “Bitcoin City” in Holland where all bitcoin transactions including retail purchases, trading and business are completely legal.However, the Holland government has not yet regulated or officially legalized the use of any cryptocurrency.9. VietnamThe trading and purchase of cryptocurrencies are legal in Vietnam, however, the government of Vietnam doesn’t allow its citizens to use any virtual currency as a payment tool.That means creating new cryptocurrencies and launching ICOs in Vietnam is completely legal and so is the trading of cryptocurrency at popular exchanges. The government is also reportedly working on legalizing bitcoin as a method of payment by 2019 end.10. SingaporeThe use and trading of bitcoin and other popular virtual currencies are legal in Singapore, but the government doesn’t control the operations or price of these currencies. Cryptocurrencies, by nature, are supposed to be unregulated.Therefore, it shouldn’t be a problem for merchants and consumers in Singapore to freely use cryptocurrencies. The use of bitcoin in Singapore is taxable in some cases.Planning to start your own ICO or looking for an ICO marketing company in Singapore? Contact us to get the best affordable ICO marketing packages.11. ThailandThe Bank of Thailand legalized the use of Bitcoin in the country in 2017. The exchange and trading of digital currencies are allowed provided that proper care is taken. Only licensed Bitcoin exchanges in Thailand are allowed to exchange cryptocurrencies for Thai Baht.However, the central bank of Thailand doesn’t allow its users and associated financial institutions
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