How friendly a country is to crypto depends on 2 factors: one is how it regulates the currency or how the country taxes the currency.
The concept of Cryptocurrencies is very new to the Indian market, apparently, the government has not brought taxability on them into the statute book.
While some countries have started putting tax liabilities on crypto, other countries like Portugal, Germany, Switzerland, Malta, Cyprus, Bermuda, Singapore are crypto-friendly countries.
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