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Top 3 Crypto-Friendly Countries in 2025
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Cryptocurrency has been the main trend in digital commerce for the last 5 years. Investors and entrepreneurs see the role of crypto differently because it is now clear that crypto is not just an investment asset, but also an alternative payment method. However, governments could not ignore the increasing growth of the crypto market, so it was only a matter of time before the necessary regulations were changed.
The MiCA regulations in the EU and the strict SEC policy in the US clearly demonstrate the problems that blockchain companies can face if their activities are not regulated by responsible government authorities.
There are three main reasons for this:
Therefore, governments around the world are starting to implement rules for the blockchain business. This process has two goals. The first is to establish itself as a country friendly to the crypto community. The second is to regulate its activities according to global AML standards.
For a new startup in the crypto space that wants to offer its services worldwide, it is important to have the right legal and corporate structure to do business. In 2023, the most crypto-friendly countries were Poland, Lithuania, and Canada. The benefits of each jurisdiction are different. It is important to check your business plan before choosing.
License type: Registration of Activity in the Area of Virtual Currencies.
Regulator: Tax Administration Chamber in Katowice.
Poland is the leader in the Eastern European region in terms of the speed of digital technology development. It provides a favorable policy for virtual business. Since 2022, it has been considered one of the most comfortable jurisdictions to run a blockchain business.
Poland is the easiest way to start a crypto business in Europe today. This is due to two reasons:
The process of obtaining crypto authorization in Poland usually takes 1 month. However, to speed up the process, shareholders and directors will need to fully cooperate in preparing the necessary documents.
Despite the positive aspects of this jurisdiction, it is important to know that the cryptocurrency business is quite risky. It will not be possible to open a bank account in Poland for a Polish company. However, if the organization has a clear business plan and effective internal anti-money laundering rules, it is possible to get a bank account with an EU EMI.
It is also recommended to have two shareholders in the company structure. This allows you to avoid the monthly insurance payment of 2,000 PLN to the Social Insurance Institution (ZUS), which is mandatory for companies with a single owner.
License type: Registration as a Virtual Asset Service Provider.
Regulator: Financial Crime Investigation Service (FCIS).
Lithuania is a country recommended in the Baltic region as a prestigious jurisdiction for digital businesses, especially in IT, fintech, and internet marketing. After Estonia changed its legislation regarding crypto companies, the country became a new haven for crypto entrepreneurs in the EU.
In 2022, the Lithuanian government changed the VASP (Virtual Asset Service Provider) rules. According to the new rules, the registered authorized capital requirement was increased from 2,500 Euros to 125,000 Euros. Additionally, a legal entity starting to operate in the cryptocurrency field must have a director (AML officer) who is a permanent resident of the country. The company must also provide services not only abroad but also in Lithuania.
At first glance, the registration of digital assets in Lithuania seems expensive and strictly regulated, but this jurisdiction has significant advantages:
The registered authorized capital can be paid in part during the year, but the initial payment must be at least 25% of 125,000 Euros. This makes Lithuania one of the top crypto-friendly countries in Europe. In addition, the strict regulations of the authorities open new doors for better payment solutions for Lithuanian VASPs because payment institutions trust VASPs in jurisdictions with proper regulations more.
License type: MSB (Money Service Business) License.
Registered capital: No special requirement.
Regulator: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).
Poland and Lithuania are the most cryptocurrency-friendly countries in the EU. However, Canada is still an attractive solution for blockchain businesses worldwide.
The MSB (Money Service Business) license allows the company to offer "dealing in virtual currencies" services. This type of activity can be better divided into two main areas:
To obtain an MSB license, the applicant must meet the following requirements: implementation of an AML/CFT policy, a physical office, an experienced manager, and an AML officer in the structure.
There are several advantages to choosing Canada as the jurisdiction for your blockchain business:
All these advantages make Canada one of the best crypto-friendly countries in North America and the world.
Countries that implement appropriate digital asset regulations are becoming a boon for crypto entrepreneurs. They create favorable conditions for the development of companies and individuals:
All this offers wide opportunities to scale a crypto business and increase revenue. In addition, bitcoin-friendly countries provide legal trade in virtual finance, which effectively prevents illegal money laundering and the development of fraud in the crypto industry.
Digital trade laws and tax requirements in different countries are constantly evolving. Therefore, you should carefully study the current legal framework regulating virtual currencies to find the best option.
Get detailed legal advice on choosing the most crypto-friendly countries from the qualified experts at Fintecharbor.
A crypto-friendly country is a country that implements legal rules and other regulations to provide the appropriate infrastructure for the use and adoption of virtual finance. Thanks to such legal documents, the organization of companies or individuals engaged in various crypto activities becomes official and provides protection against fraud.
Canada is considered one of the best countries to live with crypto. This country provides an MSB license that supports the development of companies that exchange and transfer virtual funds between e-wallets and bank cards. This greatly simplifies transactions for merchants and other cryptocurrency users.
Taxes in Lithuania are among the lowest. Companies with an annual income of less than 300,000 Euros can be taxed at a reduced rate of 0-5%.
The best crypto countries in the European Union are Poland and Lithuania, as their policies regarding virtual assets create a favorable environment for the development of blockchain business.
Canada is rightly considered one of the most digital asset-friendly countries. The country's jurisdiction has various advantages that facilitate the launch of crypto startups and the scaling of existing companies.
To attract investment, virtual currency-friendly countries are introducing new regulatory frameworks that create favorable conditions for companies and private entrepreneurs operating in the digital asset sector. The innovations aim to simplify the registration process, create good taxation conditions, and regulate the activities of crypto firms by law.
Choosing a jurisdiction for your crypto project is always a very important and stressful stage of doing business. In this case, there are important recommendations for blockchain entrepreneurs. If your business is in the startup phase and you want to start with a limited budget, Poland is one of the best solutions. The only thing required of you is a clear business idea that you want to realize.
Lithuania and Canada are great countries for businesses with blockchain experience that are ready to invest money for future profits. These jurisdictions will provide you with reliable regulation, banking solutions, and good conditions for development. Finally, if you only plan to operate in the EU, Lithuania would be the best choice.
At the same time, the entry into force of MiCA rules may create certain problems for cryptocurrency businesses. In this case, Canada may be the best country for crypto business due to more flexible regulations than in the EU. Because strict rules require larger budgets, and not all businesses are ready for these new changes.
To attract investment, virtual currency-friendly countries are introducing new regulatory frameworks that create favorable conditions for companies and private entrepreneurs operating in the digital asset sector. The innovations aim to streamline the registration process, create good taxation conditions and regulate the activities of crypto firms by law.
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