Crypto friendly countries - part one

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1 year ago

Its important to have a goal.

I mean a goal in our life, at least I've heard something like that some days ago, and although I'm not specialist at giving life advices, this one seems to be really clever sentence.

I wonder, what goal I can reach... waiting till the end of working shift to have a beer or two sounds reasonable.

Well, thats it for my capabilities right now... shit I think, I got to find something more ambitious.

Travelling, yes, a trip around the world, meeting new people from a very different culture, exploring an unknown places, looks like preety impresive activity.

Of course in order to travel, I will need a lot of money, and briefly look at my bank account depriving myself of any illusions.

If only I could do something with my crypto savings...

Yes  I can,  just got to find some countries, where cryptocurrency is adopted and visit them.

First thought, Salvador - this country made Bitcoin as a legal tender in September 2021, that means shops and other businesses are obligated to accept it as payment to settle debts, unless they lack the technological means of doing so. All I need is to have a Lightning Network wallet, to make a quick transactions.

The hindurance is that Salvador lays far aways from my contry, and whats more it doesn't look very safe, so I got fing some other crypto friendly countries.

My big neighboor, Germany, although cryptocurrency is not a legal tender there, its rather considered as a stock or commodity, there are a lot of businesses wchich accept cryptos as a payment.

Whats more, there are quite a lot Bitcoin ATMs where I can change it for cash, and if it under 600€ volume there is no need to pay tax.

Then I can go on south, to the mouintanous region of Europe and  visit Switzerland.

In this country cryptocurrencies are classified as assets, and Bitcoins are recognized as legal tender in some locations.

Especially the city of Zug is known as the “Crypto Valley” - a crypto hub with blockchain startups, enterprises, shops, and entrepreneurs. Crypto investors benefit from a tax-free environment in this crypto valley. It was the first place in the world to accept Bitcoin payments in 2016.

A little farrer there is a next small country, Luxembourg,  I can read that one regards cryptocurrency as a legitimate currency. There are no restrictions against trading with cryptocurrencies or using them within its (Luxembourg's) borders.

I see there are so many places accepts cryptos in Europe, and wish to be there.

But, ok, its enough my daydreaming for now, I got to go to work, mining the FIAT cash.

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