common-close-0
BYDFi
Trade wherever you are!

What are the tax-free countries for digital currency investments?

avatarthomasDec 18, 2021 · 3 years ago1 answers

Which countries do not impose taxes on digital currency investments?

What are the tax-free countries for digital currency investments?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    When it comes to tax-free countries for digital currency investments, one notable option is Malta. Malta has positioned itself as a blockchain and cryptocurrency-friendly jurisdiction, offering a range of tax incentives for digital currency investors. For instance, capital gains from the sale of digital currencies held for more than one year are tax-exempt in Malta. Additionally, there is no capital gains tax on the transfer of digital currencies between wallets or exchanges. These favorable tax laws make Malta an attractive destination for digital currency investments. However, it's important to note that tax laws and regulations can change, so it's always recommended to consult with a tax professional or advisor before making any investment decisions.