Mountainous, warm, low tax and now crypto-friendly, the small European country of Andorra is making waves as a crypto hub.
Tonnellier emphasized that awareness of digital currencies and technologies is on the rise, but there’s a risk of scams and losses without the right educational tools or frameworks in place:
“According to a recent report by KPMG, there are more French people exposed to ‘crypto’ than to the stock market [...] France is known to be a hotbed of ‘shitcoinery.’” Although there is no “shitcoin” classification chart, such coins are tokens other than Bitcoin, which, according to the latter’s proponents, are at risk of plummeting to zero. Squid Game TokenBack in Andorra, Tonnellier explained that the country is best placed to run with technologies such as Bitcoin. “Andorra is one of the few European countries outside the jurisdiction of the European Parliament.
“Andorra is very attractive for entrepreneurs thanks to its low tax, but Switzerland has a great head start in promoting the development of activities around Bitcoin and cryptocurrencies in general. This could change in the coming years thanks to this text of laws which frames Bitcoin and blockchain activities.”At under 500 square kilometers of land, Andorra is among Europe’s smallest countries.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Putin Signs Law Prohibiting Payments With Digital Assets in Russia – Regulation Bitcoin NewsPresident Vladimir Putin of Russia has signed a bill into law banning payments with digital financial assets.
Read more »
Here's Who Controls Most of Bitcoin's Circulating Supply: DetailsBitcoin: Here's who holds majority of BTC circulating supply Cryptocurrency Cryptomarket Blockchain
Read more »
Grand Theft Bitcoin: An Interview with a Former Darknet Hacker | HackerNoonOSINT, Social Engineering, Bitcoins and a life-changing chance - read a breathtaking interview with a hacker who never hacked anyone.
Read more »
CleanSpark scoops up 1K+ mining rigs at 'substantially discounted price'CleanSpark said it had acquired 1,061 Whatsminer M30S rigs currently mining Bitcoin at the Coinmint facility in New York, whose space the company shares with Riot Blockchain.
Read more »
Blockchain-based solutions aim to address US disaster reliefAs natural disasters in the United States become more prevalent, blockchain is emerging as a solution to the growing challenges that face relief efforts. (Reporting via Rachelwolf00)
Read more »
Binance Loans Adds LIT as Collateral Asset | Binance SupportFellow Binancians, Binance has added LIT as a collateral asset on the Binance Loans platform. Binance Loans provides a large range of options for supported crypto assets, interest rates, coll...
Read more »