The list of countries actively working on integrating blockchain technology into their core business operations is gradually expanding. At the same time, there are a number of jurisdictions demonstrating leadership in harnessing the potential of cryptocurrencies and blockchain for startups.

Singapore

The country is one of the most sought-after locations for blockchain startups, thanks to its quick access to global financial markets and transparent legislation. Singapore has established clear and comprehensive regulations for cryptocurrencies and blockchain technology. The Monetary Authority of Singapore (MAS) has developed guidelines for regulating digital payment tokens, providing clarity on the regulatory requirements for cryptocurrency businesses.

Switzerland

One of the world's leading countries in blockchain innovation and regulation. Switzerland's clear regulatory framework provides a favorable environment for blockchain startups. The canton of Zug is home to Crypto Valley, whose main goal is to build the world's best ecosystem for blockchain and related technologies. Crypto Valley hosts hundreds of fintech and blockchain startups, including Ethereum, ShapeShift, Xapo, Status, and others. Switzerland does not tax crypto businesses on profits or capital gains.

Slovenia

The capital of Slovenia, Ljubljana, also has its own Crypto Valley. The country invests in educational and research initiatives in the field of blockchain and actively implements blockchain technology. Slovenia's position is strong because the country provides cryptocurrency businesses with access to the European market. In addition, Slovenia's cryptocurrency taxation regime is one of the simplest in the world, with competitive rates by EU standards.

Estonia

The country has a positive attitude towards cryptocurrencies and blockchain. Estonia has a clear legal and regulatory framework for crypto businesses and investors. The country is a popular destination for blockchain startups and entrepreneurs, offering various benefits and incentives: inexpensive licenses, e-residency, digital identification, and access to the European market.

How to start a startup in these countries

Creating a cryptocurrency enterprise in 2024 requires an understanding of the nuances of the blockchain landscape and choosing the right tools. Contact IT-OFFSHORE specialists to launch a blockchain startup in crypto-friendly countries.