Topic: BitCoin Friendly Countries - page 7. (Read 12665 times)

Where I love there are many many online local shops that are willing to accept bitcoin. We have two main markets similar to amazon that both take bitcoin there is an electronics shop I bought from using bitcoin then fetched my purchase from them face to face. There over 1000 websites that support bitcoin here. Noone is going to say no to more money. Only an idiot would say no to bitcoin customers. Money is money no matter the form.

So what are kinds of countries that be friendly with bitcoins? Useless the countries without their people and useless bitcoins without be adopted by people on the countries and i just said  i think Russia will become next country that be friendly with bitcoins   it is mean my opinion

To find the answer to your question, just go to some search engine and find there some top lists of users who use Bitcoin.

Adoption of Bitcoin by the general population of a country can not be equated to a Bitcoin friendly environment in that country. Quite the contrary - Russia tends to be restrictive regarding Bitcoin use. The main motivation for people in countries like Russia, Venezuela, China, India and various African states is seeking protection from inflationary fiat currencies. None of the governments in the countries mentioned have a positive attitude towards Bitcoin, which is quite understandable from the control freakish officialdom's point of view: Bitcoin enables capital flight and makes it hard to execute expropriation measures (taxation) to maintain the power structure.

Luckily, Bitcoin is not dependent on a country being Bitcoin friendly or not. Bitcoin doesn't care. It's just a far better and more sound solution than any fiat currency out there. People will adopt, no matter what governments are trying to do. It will be steep learning process for the pampered officials...

ya.ya.yo!

First i doubt that bitcoin users around the world reach billions how much more in china? LOL. In some ways since you were talking about billions and china yes apparently now they were gaining billions and i guess that it was only for their mining portion in the whole bitcoin transaction.

There is good news from Russia bitcoin growing slowly on there and i think it is mean Russia will become next country that be friendly with bitcoins, although there is no official statement from Russia government, but the people on there started adopt bitcoin.
http://www.newsbtc.com/2016/11/27/bitcoin-demand-russia-continues-grow-slowly/

It was nice knowing that South Korea is embracing Bitcoin in their country I really want to go there Soon, ill be ther soon when I already alot in investing bitcoin.

Is it surprising to see no China there? With all the talk and theories saying China actually controls it and all.

This is only China who has billions number of Bitcoin user because here in this country the cost of electricity spent is very low so it is very easy to mine Bitcoin through hardware Bitcoin miner .

Governments and other institutions researching the possibilities of the blockchain as technology isn't really something that has to do with Bitcoin since they are looking to create private blockchains. That being said, we may however experience the benefits of this technology in the way that we can now transact instantly worldwide with zero fees involved. But I personally think they will use it to lower their own costs with a significant percentage, and don't actually allow us to enjoy much lower costs for transactions and services. It's all about working efficiently while the customers don't get to experience the benefit of lower fees. Greedy bastards that they are.

Of course that is good step, hopefully my country and government has also approved the use of bitcoin. I hope there is no longer a ban of the use bitcoin.

   
Yes and there is country on africa will adopt digital currency as we know Senegal is the first country to release a crypto-currency on the basis of the national currency.

Earlier this month, Senegal ECFA, a digital currency is currently being developed in collaboration with the Regional Bank of Marches (BRM) and eCurrency Mint Limited. BRM sofa, a Senegal-based financial institution specializing in capital markets and the implementation of tailor-made banking solutions, which leads to the development and integration of digital money, which Senegalese government Legal tender.

As with the vision of the biggest bank in Norway DNB, Senegal is attempting a share of Africa's seriously underserved and under-served populations, who have difficulty accessing platforms and reliable and profitable financial networks to settle transactions Cross-border market in the secure market.

Interestingly, the development and launch of ECFA under the auspices of the West African Economic and Monetary Union (UEMOA), which suggests that once ready for the ECFA commercial deployment will be made available to others African countries, including Benin, Burkina Faso, Côte d'Ivoire, Niger, Togo and much more.
Criticism and Future Plans

At the first announcement of plans to develop the ECFA, BRM Bank and the Senegalese government was criticized by experts in cryptography and analysts because of ECFA's dependence on a central banking system. It was said that if the ECFA is based on the national currency but defeated the purpose of implementing a digital currency.

Despite these criticisms, CEO of Bank BRM Alioune Camara, said earlier this month that this will help the Senegalese government to create a system that interoperates between all financial applications, platforms and networks Within an ECFA region supporting our banking system and facilitating the central bank is the safest and safest way to enable the digital economy. We can now facilitate full interoperability between all electronic money payment systems. This is a major leap forward for Africa.

Although Argentina is still doubt in bitcoin but it is learning about bitcoins and i think Argentina will become next country that be friendly with bitcoins, although will need much time until it is happen. It is the source.
http://www.coindesk.com/argentinas-central-bank-warming-blockchain/

Yes Philippines has the most number of bitcoin users but they have less owned bitcoin and less miners. China on the other hand has also many users, with big-time miners and huge bitcoin stocks so possibly China will be the number one in the list. But regardless of ranking Philippines will surpass other countries with regard to bitcoin users, even children in the Philippines are doing bitcoin and are earning thousands. They can also automatically convert bitcoin to peso and vice versa

yeah i think so, but the truth very rare singaporean people use that ATMs, I saw only the tourists who use it.

Singapore is a small country and city, and it has risen through the ranks to become a top modern asian city, also it has been Southeast Asia's most modern city that's why bitcoin is very welcome out there. Here is one of the video about bitcoin activity out there:
https://www.youtube.com/watch?v=Lqyuit570A80 However, The Bank central of singapore has proposed a new regulatory that would require applicable companies to obtain a license from the MAS or Monetary Authority of Singapore.

I won't say China overall is a bitcoin-friendly country. Its people might utilize it and might be the largest miners in the industry but that doesn't mean that they are in themselves bitcoin-friendly to start with. Remember when the Chinese government banned bitcoin for a while? That could happen anytime again.

These 3 countries are big countries, it should give rise to bitcoin in the future. More countries will adopt as people are adopting with bitcoin and by seeing this especially in the eyes of the businesses, there's a great market in bitcoin and if they will integrate bitcoin as a payment system they will surely be more profitable.

China might be bitcoin-friendly now, but policies can change very quickly. At the last bubble, the Chinese government cut off bank transfers to bitcoin exchanges, while trying to rein in the price. Countries like USA have more consistent policies.

thank you for sharing this sir, i was a bit surprise that japan was not on the list of bitcoin friendly countries.