Attitude to cryptocurrency in different countries

All states of the world know what cryptocurrency is. However, some of them try to prohibit it — as in China, for example, while others — Switzerland, the Netherlands — on the contrary, consider it as important part of the state development. There are also those who do not express a clear position, like Russia and Ukraine.

China

The Chinese government orders the regional authorities to gradually eliminate the production of cryptocurrency in the country. China produces three quarters of the world's most popular cryptocurrency — bitcoin. Here, miners are attracted by cheap electricity and well-established supplies of computer components.

Switzerland

This country has its own "cryptovalley", where the offices of the largest companies working with the cryptocurrency are located. This is facilitated not only by an optimistic tax rate, but also by the laws that encourage innovation in this area. The local government believes that the future lies in the cryptocurrency.

Netherlands

Back in 2013, the Netherlands began active implementation of block projects and cryptocurrency in public infrastructure. Now there are plans to build a decentralized economy with an emphasis on the use of bitcoin.

Russia

In Russia, the legislative chamber does not give a clear answer: is the using of cryptocurrency in the country allowed or not? There are no fines or a state incentive system. But the country has favorable conditions for the extraction of cryptocurrency: optimal weather conditions, the cost of electricity and the cost of space for rent.

Ukraine

The situation here is similar to what is happening in Russia — there are no clear formulations. In 2013, there was a risk of prohibiting the use of bitcoin, but officially it didn’t happen.