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How to Cash Out Crypto and Avoid Taxes Legally: Best Countries for Crypto Investors to Cash OutMalta has been making waves in cryptocurrency regulation. Companies in related fields and investors are wondering if Malta is a crypto friendly country. The island nations of Malta and Cyprus are still ahead of their bigger neighbors when it comes to crypto regulation. Total views. Malta's Financial Services Authority (MFSA) is consulting the public on proposed changes to its rulebook for crypto companies starting Monday.