Topic: Best country for crypto (Read 6283 times)
In my country, cryptocurrency is not prohibited, but it is actively ridiculed on federal channels and in custom articles. Everything is done so that people are as far away as possible from the crypto industry
I found my friend using it round London.
Think I was just surprised being from the country.
Exciting to see it being used on physical items
Think I was just surprised being from the country.
Exciting to see it being used on physical items
Nowadays many countries have regulated cryptocurrency. There are so many countries that have a crypto-friendly financial system for example- Germany, Japan(World's first country where bitcoin is legal), Estonia, Singapore(crypto-friendly country) and Malta.
I don't know about the best, but here in South Africa we embrace bitcoin and many online shops accept it directly. We have an amazon-like market that accepts bitcoin as well. Bitcoin is searched very often in South Africa with the most searched term being(last time I checked) What is bitcoin? But honestly, I must say that the show the big bang theory had a massive impact on the population here. Many people watch that show here and the search engine rankings for bitcoin when up during the time it airder and weeks afterwards. Very interesting to see how the media has influence over these things.
Russia is the worst, they only want to fuck as much money as possible, like that ...
Basically, which country has adopted Crypto and the Blockchain best in your opinion till now?
I think its Japan
Maybe someone said this
But yeap
This country is really good and very friendly for all investors
So as for me, Japan my top-1
Malta, Japan, Singapore and even a third-world country, Philippines is adapting to the blockchain. In the PH, Blockchain is being recognized at a lightning speed. You can see Blockchain related projects being raised in the country.
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I have found some articles on the internet about the best/friendly country for crypto. Hope this can help the OP.
Here is is a chart about the common crypto countries in the world.
Source: https://www.statista.com/chart/18345/crypto-currency-adoption/
And here is an article that says about the top 10 countries where Bitcoin ATMs installed. so Where Bitcoin is viewed well, I think it is more likely to have more Bitcoin ATMs.
source: https://www.statista.com/chart/7566/number-of-bitcoin-atms-by-country/
Here is is a chart about the common crypto countries in the world.
Source: https://www.statista.com/chart/18345/crypto-currency-adoption/
And here is an article that says about the top 10 countries where Bitcoin ATMs installed. so Where Bitcoin is viewed well, I think it is more likely to have more Bitcoin ATMs.
source: https://www.statista.com/chart/7566/number-of-bitcoin-atms-by-country/
In my opinion, the best countries for crypto are those with lesser regulation, you don't need to pay taxes and any transactions aren't monitored
Too many to mention.
Malta, Japan, Singapore these are the very few of them.
When assessing best countries for a cryptocurrencies business, it might also be worth to consider the banking industry's attitude towards them and consider twice the cost of living. if you're a startup this makes a huge difference, and unfortunately this is a barrier to entry in some countries like Singapore and Switzerland as it's very expensive to live here.Malta, Japan, Singapore these are the very few of them.
I think Germany is one of the most liberal and open minded countries, i have ever had the pleasure to visit. however, don’t underestimate the power of the tax man. It’s devilishly easy to trace transactions on the chain and until we have reliable privacy safeguards it remains easy for government to trace transactions.
Malta is the best, they don’t even tax Crypto-capital gains.
Basically, which country has adopted Crypto and the Blockchain best in your opinion till now?
Although my country is very open to Crypto currency because we have a local exchange right now and we can use it to buy a lot of items, we are still very far from countries that are listed in these reviews
https://worldfinancialreview.com/countries-where-cryptocurrency-adoption-is-highest/
I'm surprise that Turkey is leading the way all even the author was surprise, I thought are Japan and South Korea but they are not even in the top 5
i guess singapore, that country always friendly in accepting new things, whatever they are.
did u know the fact wich the most ICO office is from singapore, also Singapore sees Bitcoin as a commodity traded with a 7% tax (GST). The Singaporean Finance Minister does not use Bitcoin Cryptocurrency and Singapore's largest bank, DBS, looks more open using Bitcoin.
and, as far i know, MALTA also included. u know Malta already have the title "The Blockchain Island" due to clear regulations on the blockchain and cryptocurrency industries.
did u know the fact wich the most ICO office is from singapore, also Singapore sees Bitcoin as a commodity traded with a 7% tax (GST). The Singaporean Finance Minister does not use Bitcoin Cryptocurrency and Singapore's largest bank, DBS, looks more open using Bitcoin.
and, as far i know, MALTA also included. u know Malta already have the title "The Blockchain Island" due to clear regulations on the blockchain and cryptocurrency industries.
Leicheinstein and Malta are really supportive to crypto
Also Japan and South Korea in Asia
USA and Canada
And France as well
Also Japan and South Korea in Asia
USA and Canada
And France as well
but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance
Is this for real in Estonia that they were now up by 99% in terms of usage of blockchain technology? Are you living from that country?If that's for real, that's amazing. I thought that it would be Malta or Japan that would go hand in hand with that percentage.
<…> For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.<…>
BTC is "popular" in Venezuela to some extent. Localbitcoins has it as the second country with most volume on its platform ,but for the most due to the dire situation with the hyperinflation, in an attempt to put their savings out of harms way, whilst trying to make some kind of profit to cover their basic needs. BTC ownership is treated in a hush-hush manner for personal security reasons. All in all, its popularity there, so as to say, is very distant from making it a derivative of a good situation, and falls pretty shy from a best country for crypto scenario.Yes, cryptocurrencies are particularly common in countries with poor economies. Venezuela, such as Turkey. One of the main reasons for this is the uncertainty of not only the national currency but also the other strong currencies. So the dollar and euro is not even a safe harbor for them. Therefore, it is normal that cryptocurrencies are widespread in these countries. inflation rate in Turkey is actually not so high, according to Venezuela
ratio in the nearly 40% in Turkey and there is hyperinflation as you said in your in Venezuela.But the consequences of bad economies have been good. The worse the world economy gets, the more popular the cryptocurrencies will be. In the US, Trump is pursuing a truly crazy foreign policy, constantly threatening countries and waging a trade war with China. In this case, markets are uneasy and cryptocurrencies seem safer for this.
In fact, when we look at the history of world revolutions, there have always been very bad things just before beautiful things happened.
Maybe history will repeat itself again.
Most of the users have mentioned Brazil. Other than Brazil there are more other countries, but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance
Estonia is the capital of crypto currency followed by Malta as these countries are setting benchmark for other countries to follow and yes South American countries might soon adopt blockchain to the extend which Estonia have utilized blockchain as they are already being crypto friendly countries and there was a news year saying that Venezuela might launch it's own crypto named Petro.
<…> For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.<…>
BTC is "popular" in Venezuela to some extent. Localbitcoins has it as the second country with most volume on its platform ,but for the most due to the dire situation with the hyperinflation, in an attempt to put their savings out of harms way, whilst trying to make some kind of profit to cover their basic needs. BTC ownership is treated in a hush-hush manner for personal security reasons. All in all, its popularity there, so as to say, is very distant from making it a derivative of a good situation, and falls pretty shy from a best country for crypto scenario.
Most of the users have mentioned Brazil. Other than Brazil there are more other countries, but to my knowledge Estonia is the one that perfectly suits the term Best Country for Cryptocurrency. It is the country where almost 99% of the things were digitized and integrated with blockchain technology. Even the voting is done through blockchain based platform. Down is the link for reference about the country's official website Estonia and E-Governance
In fact, the answer to that question depends on what you refer to. For example, the answer to the question of which country cryptocurrencies are most common is Turkey. It is followed by South American countries such as Brazil and Venezuela.
But Asian countries are more successful in adapting cryptocurrencies. These are countries like Korea, China, Japan. They see cryptocurrencies as a serious technology and make very successful investments. And you cant see fraud, scam activities in these countries. It's a big plus for them.
But Asian countries are more successful in adapting cryptocurrencies. These are countries like Korea, China, Japan. They see cryptocurrencies as a serious technology and make very successful investments. And you cant see fraud, scam activities in these countries. It's a big plus for them.
Japan is one of the best countries for Bitcoin at the moment
Likewise! Japan is the best bitcoin country for me. Knowing that they’re the first one to approved bitcoin in their financial system and had the Act that states that cryptocurrency is limited to property values that are stored electronically on electronic devices, not just a legal tender.
And for the record, they’re still the leading country in the crypto world!
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