RATE Group | Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly
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Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly

02 Aug Increasing Number of Nations Are Competing to Be the Most Bitcoin-Friendly

Posted at 04:38h in Bitcoin News by

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Several countries are racing to become the world capital of cryptocurrency technologies. Bermuda, Gibraltar, and Malta are now competing with France to lure cryptocurrency companies to establish headquarters in their respective capitals.

Advancing Initiatives to Expedite the Growth of the Crypto Industry

Tax havens and business paradises such as Bermuda, Gibraltar, Liechtenstein, and Malta are fiercely strategizing about how to attract crypto entrepreneurs. These countries and territories are passing or easing legislation to make their environments more enticing for crypto businesses. The New York Times reports,

In Malta, the government passed three laws on July 4 so companies can easily issue new cryptocurrencies and trade existing ones. In Bermuda this year, the legislature passed a law that lets start-ups doing initial coin offerings apply to the minister of finance for speedy approval.

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