Exactly the reason why I am about to travel and open bank accounts in Dubai and Portugal. I have no footprint in or out of crypto besides the hack back in 2018 that cleaned me out when was just getting started. This was below the tax threshold and why I am only accumulating and not selling into FIAT. Dubai has a confidentially agreement with all it's banking clients and Portugal if you keep your crypto for longer that 12 months is 0% tax. I do not mind paying tax as everything I have is clear profit and taxable so it makes it rather easy in my case, but somehow do not think they deserve it for the way they have treated crypto investors. If they had done their job and regulated crypto properly then there would be no confusion. I hope your situation gets resolved.
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I totally understand the appeal of moving to more crypto-friendly countries. It sounds like you’ve found a solid strategy that works for your situation, especially with their tax benefits. I fear that having a family, and already having lost most of my crypto, moving might not be the easiest solution for me.
That said, I think Portugal is still somewhat of a question mark, being part of the EU. Regulations there might change in the future as the EU updates its stance on crypto. It’ll be interesting to see how that develops.
I share your frustration with how crypto investors have been treated, especially when the regulations are still so unclear. It really does feel like we’re being punished for engaging with a system that hasn’t been properly defined by regulators yet.
I also think it's important to have clear, fair regulations that protect people and allow us to navigate the system without fear of devastating tax consequences, no matter the country we live in. Hopefully, with enough advocacy, we’ll see better policies put in place to support investors rather than penalize them. Thanks for your well wishes!