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Topic: Best Countries for Bitcoin Businesses - page 8. (Read 9776 times)

sr. member
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www.Artemis.co
December 28, 2017, 05:40:34 AM
In my opinion the best countries to do business with cryptocurrency and bitcoin are Singapore, Switzerland, Japan, Philippines. These countries embrace financial technology but of course there's some regulations but still good place to grow crypto business. I know that there's a lot of good countries that consider and adopt cryto in their economy, because they saw good potential  growth and revenue that speed up financial transactions and offers a lot opportunities.
full member
Activity: 434
Merit: 100
December 28, 2017, 02:59:05 AM
I think Best country of Bitcoin Business is India. Most of the developer and investor are both coming from the said country.  And they've also well trained and good IT people. So when it comes to this kind of business they are the top country that you would think.
full member
Activity: 392
Merit: 100
December 28, 2017, 02:52:43 AM
The countries that has legalized bitcoin certainly already have a certain rules and have a guaranteed security, and clearly the countries that really has legalized bitcoin as a legitimate currency would certainly be the best opportunity to open a bitcoin business, whatever of the businesses (except deceptive activities).
And I think it's good if your country hasn't legalized bitcoin yet, doesn't force to open a business, before the risks will be overwrite to you.
sr. member
Activity: 560
Merit: 260
December 28, 2017, 01:52:29 AM
Singapore.   Very lax currency controls and they have built their economy on having a middle man mentality. 
member
Activity: 103
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December 27, 2017, 01:04:10 PM
I think Switzerland would be a good place to open a bitcoin business
hero member
Activity: 1400
Merit: 536
December 23, 2017, 02:01:45 AM
Japan is very open to bitcoin so I can see that any bitcoin businesses there would be patronized very well. There are other that are accepting bitcoin but still hesitant and Japan is I can say the most that there's nothing that will make them change their decision about bitcoin.
Countries with more flexible rules and laws need to be preferred, Japan is a country with very strict rules, may be showing a positive attitude towards Bitcoin, but we do not know the exact law. Countries with no tax will be the best choice.
jr. member
Activity: 56
Merit: 1
December 21, 2017, 05:52:22 PM
What are the best countries in the world to start and run bitcoin businesses?  For example, crypto-equity exchanges, bitcoin gambling, sites like purse.io, etc.  Are there any like this that welcome these sort of businesses and can these businesses avoid scrutiny from foreign regulators or do they still have to comply with the regulations affecting their customers?  Thanks!

Any country were bitcoin is not yet regulared should work for an startup, the thing is whenever the gov knows about you and your earnings spect takes to come over u.
sr. member
Activity: 384
Merit: 250
December 21, 2017, 05:51:34 PM
I think Russia,Japan and Singapore they love cryptocurrecy and they are very friendly on cryptocurrency. i wish other countries will recognize this and study the possible way on how bitcoin will apply to businesses
hero member
Activity: 980
Merit: 509
December 21, 2017, 12:40:33 PM
I think Japan, South Korea and USA is the best country for bitcoin, because for Japan and South Korea already legalized by they government.
But for my country, the government not legalized yet but bitcoin still is the great business, because when I do transactions with my friends, they paid with bitcoin. I think is great business, because they can familiar with bitcoin.
sr. member
Activity: 524
Merit: 258
December 19, 2017, 07:12:03 AM
If you want to build a business with bitcoin related much better to do survey first.
How many bitcoin users in your area?
What is the need services of many people in your area?
Do you have enough capital for your business/
There are many things you need to consider before entering in the business using the unknown currency like digital currency but that is one of the good think to promote crypto currency to those people who are not aware in the world of digital currency.

In Building a bitcoin business there's many thing that you will need to consider and many things that can be an ups and down , Many states are making bitcoin illegal because there's a law regulation and limiting your bitcoin can do. One of the best Country you can do business with is Japan , Because japan is one of the biggest trading hubs in the world and they are concentrating mostly on trading cryptocurrency. United Kingdom can be a good Country too start your bitcoin business i've seen some articles that there's no regulation about anti-money laundering there on crypto currency and it can be a little sketchy but still they are bitcoin user friendly.
full member
Activity: 686
Merit: 104
December 17, 2017, 10:05:36 AM
I heard that america is now the country with the most bitcoin users. Maybe in that country would be a good prospect for bitcoin business. In south korea reportedly also many bitcoin users, and the government is open with bitcoin. Japan is also doing the same thing. In that country, I think it's pretty good for bitcoin business.
legendary
Activity: 1372
Merit: 1027
Dump it!!!
December 17, 2017, 05:17:09 AM
Japan is the only country that comes to mind that has a good business environment for us to use bitcoin but am not sure how their gambling laws are in regard with crypto gambling as this falls under different laws from using crypto payments.
•|United States| (Unsurprisingly, the US hosts the highest number of cryptocurrency users and Bitcoin trading volumes in the world.)

I agree United States does have a lot of users from there but i think its a different story when it comes to gambling and other projects like ICOs maybe the reason why other platforms avoid the american market.
sr. member
Activity: 457
Merit: 262
December 17, 2017, 04:13:04 AM
Well, after China banned ICOs and exchanges, Japan took its place. I am not sure what country is best for btc buisnesses, but I bet Japan maybe the one. It’s pretty hard to answer as countries are different and they all have some pros and cons.

Japan was one of the first super-powers in Bitcoin. Japanese users were using Bitcoin much before the Chinese came in to the picture. You can say that the Chinese were replaced by users from South Korea. That will be more accurate.
newbie
Activity: 39
Merit: 0
December 17, 2017, 01:47:05 AM
It differs. The legality of Bitcoins is controversial, its status varies from country to country. In Japan, Bitcoin is a legal payment method, in Germany, it is considered to be a unit of account, so it is a subject to tax. While in Thailand, Bitcoin is banned.
full member
Activity: 602
Merit: 100
December 09, 2017, 09:19:48 PM
Japan and South Korea are very open to crypto businesses. If Asian countries are not your target then just wait a couple more years because a lot of countries will follow embracing crypto.
legendary
Activity: 1148
Merit: 1048
December 09, 2017, 04:27:47 PM
Probably the island of Isle of Man will be fit to your criteria. This self-governing British Crown nation could be a true paradise for cryptocurrency's business.
http://www.newsbtc.com/2015/03/17/isle-man-set-become-official-bitcoin-island/

Unless you're all BTC you need a bank account. Although they're semi autonomous their banking is linked to the UK and no bank there yet wants to play. You can have the friendliest environment ever but without banking it's pretty pointless.

Amen. You can accept btc all you want here in the States, but dont think about doing it as a money service. Essentially, banks want us to be subject to the same regulation they are , because it is a cost of business, and unfair if only a part of the industry are subject to it. with that being said, banks have had a hell of a head start. but, without a bank you a pretty much relegated to using a payment portal as a merchant, which will most likely convert you btc into fiat which goes into your biz bank account. not exactly accepting btc in my book, more like using the sale of a product to facilitate the conversion of btc into fiat.
full member
Activity: 340
Merit: 100
NEM <3
December 09, 2017, 03:55:07 PM
Isnt it switzerland that has like a whole city where almost everyone are involved with Cryptocurrencies of some sort?
I would probably choose Switzerland
newbie
Activity: 65
Merit: 0
December 09, 2017, 03:53:46 PM
I contend the answer depends on what you are seeking to do. I would recommend some jurisdictions over the other if you wanted to launch an ICO, for instance, because of potential securities law compliance issues. That is case by case and depends where the promoters reside and where you want to sell to

For bitcoin ATMs, exchanges and matters similar, I tend to lean towards where the requisite license is easier to get - Belize, Cook Islands

Overall, I recommend Nevis, Cook Islands and Cayman Islands for various asset protection, tax and privacy reasons. Places that advertise being crypto friendly such as Estonia and even Switzerland offer you no practical advantage in my view

I opine a bit here: https://www.youtube.com/channel/UCVOa8Iy_RIkmRPwuQliPKfw?view_as=subscriber
jr. member
Activity: 46
Merit: 2
December 09, 2017, 08:58:16 AM
HI and welcome to ButcoinForum! Smiley

Some of the Best Countries for Botcoin businesses are:
•|Estonia| (Estonia is well positioned to be a place where a cryptocurrency users can certainly feel welcome.)

•|United States| (Unsurprisingly, the US hosts the highest number of cryptocurrency users and Bitcoin trading volumes in the world.)

•|Denmark| (Denmark was recently voted being the happiest country in the world, and the open mind towards cryptocurrency is just another reason to be happy living in Denmark.)

•|Sweden| (Denmark was recently voted being the happiest country in the world, and the open mind towards cryptocurrency is just another reason to be happy living in Denmark.)
newbie
Activity: 31
Merit: 0
December 09, 2017, 08:24:12 AM
Well, after China banned ICOs and exchanges, Japan took its place. I am not sure what country is best for btc buisnesses, but I bet Japan maybe the one. It’s pretty hard to answer as countries are different and they all have some pros and cons.
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