These 10 countries don't tax your Bitcoin gains

Taxation remains something I fail to understand because the taxed funds mostly ends up being used for the wrong reasons and embezzlement. And there comes crypto gains which the vultures also want a cut from after you have HODLed, gone through the bear and bull market etc.

Interestingly there are nations out there that don't tax you for you Bitcoin gains, at least for now I suppose until they get ideas.

Belarus

Under the law, mining and investing in cryptocurrencies are deemed personal investments, and so exempt from income tax and capital gains.

I love the term personal investment over there in Belarus!

Germany

Germany offers a unique take on taxing digital currencies such as Bitcoin. Unlike most other states, Europe’s biggest economy regards Bitcoin as private money, as opposed to a currency, commodity, or stock.

I would expect Germany going all crazy on crypto taxation.

Hong Kong, Malaysia, Malta

Portugal

Portugal has one of the most crypto-friendly tax regimes in the world.
Proceeds from the sale of cryptocurrencies by individuals have been tax-exempt since 2018, and cryptocurrency trading is not considered investment income (which is normally subject to a 28% tax rate.)

It is not an investment therefore you don't have to pay tax in Portugal, I should move to Lisbon!

Making the list of 10 countries are also Singapore, Slovenia, Bermuda and Switzerland.

It’s no surprise that Switzerland, home to the innovation hub known as “Crypto Valley”, has one of the most forward-thinking tax policies too.

I am actually not surprised with Malta and Switzerland, both nations have been known to be crypto-friendly.
Interesting to know these nations don't tax your Bitcoin gains.

Further read: 10 Countries That Don't Tax Bitcoin Gains (2021)

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