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RE: Switzerland or Malta?

in #crypto6 years ago (edited)

I think that Slovenia is also great countries for crypto.

Major international exchange, Bitstamp, was founded in Slovenia in 2011. Slovenia has considerable hydroelectric power and the well-known cloud mining service, NiceHash, operates from there.

Bitcoin and cryptocurrencies are classified as virtual currencies according an article (published 2017 or later). This means Slovenia does not tax Bitcoin as either money or a security.

Individuals who are taxed on crypto profits under income tax laws, based on the crypto’s value at the time of acquisition. However, Bitcoin trading is not taxed under these income tax laws.

Individuals who acquire Bitcoin as part of their business or mining activities will pay income tax on it.

The Slovenian town of Kranj inaugurated what is perhaps the world’s first public monument to Bitcoin in March of 2018.

Source: https://99bitcoins.com/bitcoin-friendly-countries/

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