Because it is a conscious economic strategy, but motivations vary for everyone.
🌍 Small and developing countries
Panama, Vanuatu, Mauritius, Cayman Islands
For them, crypto is a way to attract capital and people through better financial conditions.
Taxes are taken not from trading, but from:
Residence and citizenship 🛂
licenses 📄
real estate 🏠
banking services 🏦
🏦 Financial hubs
Singapore, Switzerland, UAE, Hong Kong
They don't need retail tax.
The state earns from:
capital management 💼
funds 📊
licensing and financial services 🧾
Zero tax — their competitive advantage in attracting global capital 🌐
🌱 Countries for attracting residents
Portugal, Cyprus, Slovenia, Uruguay
A soft regime is needed for:
retention of specialists 👨💻
preservation of domestic capital 💰
economic revival without tax pressure ⚖️
🎯 Conscious state strategy
El Salvador, Puerto Rico
Crypto here is not just fintech, but part of the state model 🇸🇻
Investments are important, but the main thing is:
crypto = an element of the national financial system
not just permitted, but integrated into the economy
📌 Conclusion:
Zero cryptocurrency tax is not anarchy, but competition for capital.
⛽ Someone sells oil,
💡 Someone offers better conditions for attracting money.