I’ve got millions in crypto I want to cash out. Which country has the friendliest banks for this? I’ve heard Dubai, Georgia, and Switzerland are solid picks.
Which Countries Have the Most Crypto-Friendly Banks?
9 replies 484 views
its_walletMember
Posts: 147 · Reputation: 161
#2Aug 14, 2023, 07:21 PM
Hmm do you have any sources for that list? Seems kinda off. El Salvador is the only country that legalized Bitcoin, yet no banks from there on your list?
satoshi_apeNewbie
Posts: 237 · Reputation: 20
#3Aug 15, 2023, 06:02 AM
Right? Dubai and Singapore are known for their business-friendly policies, so it's not shocking their banks made the cut. Still, I want to see where this info came from.
paul_nonceFull Member
Posts: 1 · Reputation: 550
#4Aug 16, 2023, 02:30 PM
Honestly, the countries and banks listed do seem supportive of crypto and Bitcoin’s future. But why only nine? I bet there are more. Let’s add to this list.
Ukraine’s looking good for crypto. They have decent regulations for exchanges and ICOs, plus a strong tech scene. Lots of folks are trading crypto there.
+1 for Hong Kong and Singapore. Both are great options.
DBS in Singapore is crypto-friendly too. They have their own exchange and offer custody services, but man, their KYC is a headache.
Not sure how you ranked those countries. If you have millions in crypto, just talk to your local bank about cashing out. They’ll definitely want to know where your funds came from.
I had a decent experience with Danish Bank a while back. Been a customer forever, and they were okay with my crypto stuff.
UAE is what I'm looking at now. No VAT on crypto transactions. Hong Kong is also stepping up their game, pushing banks to support virtual asset companies.
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