Estonia is the Best Place for Crypto Business

In general, the study showed that all countries of the world, in which the situation was assessed, certainly have a positive attitude towards blockchain technology, but directly cryptocurrencies cause a very wary attitude of governments. Although this leads to direct prohibitions and restrictions only in isolated cases.

So, operations with cryptocurrencies are almost impossible in China, and South Korea has banned the holding of ICOs (initial placement of tokens).

Estonia turned out to be the leader in the Doing Crypto Index — favorable conditions in all three areas have developed there. The Estonian authorities take blockchain technologies quite friendly and consider them a priority area of state development.

Estonia was one of the first countries in the world to adopt special amendments to the law on combating money laundering and the financing of terrorism, which allowed the crypto business to run in the country.