Best EU countries for a cryptoexchange (CEX)

[MrGoodman]

Hello, Friends!

Let us discuss EU countries with a friendly legal environment for establishing a virtual currency exchange. Particularly, centralized exchanges of cryptocurrencies against fiat. I read that relevant legislation has been enacted in Spain recently. Portugal in its turn offers a zero taxation for such service providers, as long as cryptocurrency is not treated as a financial asset there, but this may change. I would not look at countries like Estonia and Latvia, because there are always problems with banking.

Please share your experience.

 

[diatessaron]

Portugal has zero taxation for individuals, not companies. As a company you're expected to pay a lot more than 20%.

 

[MrGoodman]

I also read that in Hungary the income tax rate for such companies is only 15% - quite attractive if it is true. I also wonder about Czech Republic and Croatia where this activity seems to be regulated...

 

[MrGoodman]

Just to support the thread: Spain has started to issue crypto licences. Binance and some others have already obtained ones.

 

[CyprusLaw]

Just to support the thread: Spain has started to issue crypto licences. Binance and some others have already obtained ones.

Cyprus is also becoming a crypto hub. Binance, FTX, Kraken are some of the exchanges that are in the process of registering in Cyprus

 

[MrGoodman]

They say that in Hungary the Central Bank has not issued any crypto licences yet. They support blockchain technology though.