Before we continue to the list, it’s important to note that the situation may radically change.
Nobody can predict how and when governments may pivot their strategies.
Even the most loyal systems can’t guarantee constant support for innovations.
In its canton Zug, local government has developed the project Crypto Valley.
It creates a full blockchain infrastructure with a pro-crypto ecosystem which includes, for instance, lowered taxes and support for startups. Residents of Zug even have blockchain-based digital IDs.
Johann Schneider-Ammann, the Minister of Economy of Switzerland, noted that the government considered expanding the initiative. He claimed that it would be even possible to create a crypto nation.
The first step on their course to do so, the government published instructions on a legal ICO launch. Now, a lot of well-known companies have headquarters in Switzerland: Ethereum, Tezos, Shapeshift.
Many experts consider Japan as the most pro-crypto country in the world.
To start with, the Japanese government recognizes cryptocurrencies as legal tenders since April 2017. It means that Bitcoin and altcoins are in the same law zone as traditional fiat currencies say, Japanese yen.
As for upcoming innovations, Japan wants to create full blockchain-powered e-government. For instance, it should include transferring documents like land registries to the distributed ledger.
Large crypto start-ups hope to work with Japan in the future. Ripple’s director Emi Yoshikawa expects 40% of national banks to start using the Ripple’s blockchain for worldwide money transfers.
If Swiss Zug is Crypto Valley, Malta is Blockchain Island, according to the Minister of Economy.
It aims to turn into a unique crypto offshore country. Starting from July 2018, Malta is ready to accept crypto startups. Binance is among the largest ones that have opened their offices there.
That said, Malta is really attractive to investors because of the established and transparent regulation system.
While the majority of countries don’t understand how to deal with cryptocurrency in terms of legislation, Malta’s authorities already have a well-oiled system.
While more developed countries slowly implement crypto and blockchain, Estonia focuses on innovations strongly.
This Baltic state realizes that it can become the region’s leader owing to the well-timed adoption of new technologies. After launching the e-residency process, Estonia has unveiled plans to make all governmental services blockchain-based.
Now, the country has the healthcare system called eHealth where all medical records are put in the decentralized network. Sensitive data, prescriptions, and payments are digital.
Furthermore, Estonia plans to launch e-voting systems and create blockchain-powered cities similar to Dubai.
European and Asian countries are leaders of innovations and progress. However, some other regions are also trying to catch up.
For instance, Antigua and Barbuda slowly join the crypto world, aiming to diversify its economy. The government allows investors to get the passport and residency in exchange for Bitcoin. The equivalent price is about $125,000.
Antigua and Barbuda don’t feature any extra crypto innovations, but investors should consider this country as one of the promising ones.