The digital revolution is shocking the world almost every day with new advancements. And one such fascinating result of the digital revolution is the launch of cryptocurrencies, the digital money ruling global markets. Who would have thought that currencies could be digitalized and could be used in trading? Today, it is the reality that cryptocurrencies are an integral part of day trading, and the amounts of trades are in bulk.

Trading cryptocurrencies is risky, but the returns are alluring. Many people who could hold a grip on the crypto trading markets are living their best lives, and that is why, one can rightly say, crypto trading is life-changing; it can turn a commoner into a billionaire in no time. It only requires some strategies and a deep understanding of the crypto markets.

Cryptocurrencies do involve a lot of regulations, and these regulations vary from country to country. Traders must strictly abide by these regulations to ensure they avoid falling into legal trouble. Primarily, the government imposes these regulations to maintain order and avoid scams. If you are seeking most trusted crypto trading platforms approved by the government, then Yuan Pay Group is your ideal destination.

Why Do People Trade Cryptocurrencies?


Many aspiring traders who are new to the crypto world and wish to begin their trading career are worried about many things, the risks involved, the scams, and so much more. But despite all the market risks and the high taxes to be paid, why are people going crazy over trading cryptocurrencies? What is so special about them?

The specialty of crypto trades is the easiest and the most lucrative way to earn money in the shortest span. You might begin day trades today and double or triple the amount the following day; the biggest attraction of crypto trades is the returns are tempting. Even if there are market risks, crypto trading is becoming more popular these days.

Since trading cryptocurrencies involve risks and there is always a high probability of fluctuation in the valuation of digital currencies, traders wisely choose day or intraday trades. Since day trades involve buying and selling cryptocurrencies in 24 hours, the risk factors are low. Experienced traders always hold on to cryptocurrencies for a short time, waiting for the valuation to increase. This is because there is always a high chance of a downfall in the valuation; hence, day trading is the safest choice.

Out of all the popular cryptocurrencies available in the digital market today, Bitcoin trades hold the highest values, and the total market capacity is around $845 billion. The other popular currencies include Ethereum, Tether, USD Coins, Binance USD, and many more.

Crypto Trading Regulations Around The World- 7 Countries That Are Taking Crypto Trading To The Next Level


Every country that encourages cryptocurrency trading has its own set of rules and regulations. Every trader must abide by these regulations without fail. Here are the seven countries that promote the highest number of cryptocurrency trades and follow different regulations.


The regulations for cryptocurrency trades in the United States are very strict. The United States does not consider cryptocurrencies as legal tender. However, it can be used to purchase goods and services online. To sell cryptocurrencies, you must abide by federal or state laws. The regulations for crypto trades keep changing, so you must keep an eye on the latest rules before making such transactions. However, cryptocurrency exchanges are considered legal throughout the country.


Cryptocurrencies are considered legal property in Australia; hence, you can exchange these digital currencies throughout the country. Those who wish to transact with a cryptocurrency must register their names or the names of their businesses with Australian Transaction Reports and Analysis Centre (AUSTRAC) and must also meet a few criteria.


India is one of those neutral countries that is neither penalizing nor legalizing the regulations for cryptocurrency exchanges. Mostly, India is trying to introduce new regulations and guidelines, which are yet to be declared. If a citizen of India wishes to invest in cryptocurrencies or be involved in day trades, they are liable to pay a 30% tax in case of investments, and for trades, it is a 1% on Tax Deduction on Source (TDS). As long as you pay taxes, you are good to go.

United Kingdom


The United Kingdom is one of those countries with no strict regulations regarding cryptocurrencies, as it is considered property but not legal tender. If you are involved with crypto exchanges, you must not fail to register with the country’s Financial Conduct Authority (FCA). Investors with trading profits must pay the capital gains tax as imposed by the government.


Crypto trades are prevalent in Canada, but the country does not recognize cryptocurrency as a legal tender and shares a set of regulations to follow. The country is known to offer various crypto trading platforms. According to Canadian Securities Administrators (CSA) and also Investment Industry Regulatory Organization of Canada (IIROC), such platforms must be registered with the provincial regulators. Coming to taxes, the country considers a cryptocurrency similar to any other commodities in possession.



Recognized as the haven of cryptocurrencies, Singapore is one of those countries that does not consider crypto as legal tender but considers it as a property. Singapore offers the safest trading platforms and requires traders to obtain a license from Monetary Authority of Singapore (MAS). It is one of those few countries that does not charge taxes on long-term capital gains.


Under the legal Payment Services Act (PSA), Japan considers cryptocurrencies as legal tender and encourages crypto exchanges. The country’s government considers the profits from trade as a miscellaneous income, and the regulations on paying taxes still need to be stable. To get involved with trades, one must not fail to register with the Financial Services Agency (FSA) and abide by the AML/CFT obligations.

Crypto Regulations In The European Union

Almost all the countries in the European Union list consider cryptocurrency legal. However, the amount of tax charged varies from country to country. The amount of taxation is between 0 to 50%, and the traders are required to positively meet the KYC and CFT obligations. Some countries also have their own set of licensing requirement rules.

List Of Countries That Offer Tax-Free Crypto Trading


Crypto traders are required to pay taxes in massive amounts, but luckily, some countries are tax-free. Here is the list of countries that do not charge any tax:

  • Malaysia
  • Germany
  • Portugal
  • Switzerland
  • Singapore
  • El Salvador
  • Puerto Rico
  • Malta
  • The Cayman Islands

Final Thoughts

Cryptocurrencies are slowly rising to prominence and becoming an integral part of global trade. These digital currencies are leading toward a brighter future.

That day is close when all the transactions worldwide will only be conducted digitally, and people will no longer rely on coins and notes to pay their bills or purchase goods. It is hard to tell for how long these regular currencies will dominate markets because digital currencies dominate the international market.