Small countries bet big on cryptocurrencies – they do everything to attract companies from the new industry

Small countries bet big on cryptocurrencies – does everything to attract companies from the new industry

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Teodor Stig-Matz

teodor.matz@trijo.co

Countries such as Belarus, Bahrain, and Malta offer low costs and high security for those who want to establish a crypto company.

In the world’s major economies, politicians and people in power are, to say the least, critical of cryptocurrencies in general and bitcoin in particular.

Proof for that being the case can be found in statements from, among others, US President Donald Trump and high ranking people in the EU.

At the same time, smaller countries are making efforts to attract crypto businesses.

Low cost – high security

Countries such as Belarus, Bahrain, and Malta all offer low costs and high security for anyone who wants to establish a crypto company.

In addition, these smaller countries have fewer rules and laws in this area than larger countries such as the United States. However, this makes them scare away some bigger companies as it opens up for crimes such as money laundering, Reuters reports.

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