Topic: Bitcoin Friendly countries (Read 2248 times)

Right now, a lot of countries is starting to accept bitcoin, and i am sure that in the future maybe all of the country will accept bitcoin, and for me japan, canada and a lot of countries in europe is totally accepted the bitcoin, and also a lot countries in asia is totally accepted the bitcoin.

People who lives in the above mentioned countries are quite lucky, they have ATM's anywhere to cash out or deposit anytime of the day. I just wish that here in our country sooner our government will come to legalize bitcoin usage. However, it will come with a friendly regulations as well to avoid problems to occur.

Japan is one of the friendly countries I'm living in Japan and many store accept bitcoin as a new payment and they have their own atm to withdraw their funds in bitcoin and converted into fiat and also in Singapore when I have a vacation there during my tour they also have an atm machine for bitcoin so meaning many country adopt the bitcoin as their another way of payment.

Will,actually the best bitcoin friendly countries is japan,and something there in europian  countries,and all that you want just like  bitcoin exchange atm is already there ready to exchange bitcoin to fiat or vice versa.,because mostly of this countries are bitcoin is legalized by there government to operate and making a transaction freely.

You can see a lot of countyes on map now. These are many European countries, including Great Britain, east countries - Japan, Korea and the United States. And the bitcoin geography extends more and more.

The great EU is watching ...
In the European Union, virtual currencies are currently subject to observation only. Some time ago, the ECB created a whole report on virtual currencies, including bitcoins. The report treats that bitcoin begins to perform the same functions in everyday life as other currencies. Of course, virtual currencies are not subject to the same regulations throughout the EU, such as the euro. Due to the fact that bitcoin is not subject to any central regulations of supervisory authorities, the ECB has recognized it and other virtual currencies as a threat to the current financial system. Currently, he intends to closely watch the development of all virtual currencies.

Germany regulates the digital currency
Our western neighbor was the first to settle and recognized the legality of bitcoin. This means that bitcoin has become an official form of billing. In short, he was taxed.

It is clear that the current trend is more directed towards the gradual adoption and regulation of cryptocurrencies as a technological reality that, when properly used, can offer many benefits to today's society. Therefore I think that the issue to be discussed should not be which countries are bitcoin friendly, I think it would be easier to point out the few retrograde countries that still give illegal status to bitcoin in their totalitarian economies.

The are many Bitcoin friendly countries,like the in Europe, in Japan, Korea,Philippines,New Zealand,Singapore,  and many countries more.

I know that;  Germany, Denmark, Estonia, Japan, Sweden, Austuralia, S. Korea
I hope this list will be more countries in the future.

Bitcoin is the first digital which can use for exchange currency of different nations. Due to its innovative abd creative technology it is accepted in many country. Firstly it is accepted in japan . Japan government gives equal importance to the Bitcoin and treat same as their country currency. Bitcoin is also accepted in Singapore but it comes under certain guidelines of inland revenue authority. Australia and New Zealand also accept bitcoin because according to their government Bitcoin doesn't put any negative affect on their own currency. Like this some other country which accept bitcoin is south Korea  Sweden. 

I think the countries like Japan, Korea, America, Germany .... have accepted bitcoin coins. They let bitcoin operate and encourage people to use bitcoin. Particularly Japanese, the Japanese government is trying to build the bitcoin capital center.

I would say some places in the Asian countries and the United States, due to the recent talks about regulations on bitcoins and such. Loads of companies based in the USA and Asia are also opening up to the idea of bitcoins and other cryptocurrency.

The Bitcoin-Friendly Countries:

Apart from a few number of countries that are scattered in various corners of the world, a considerable number of nations have convivially accepted this new means of digital currency. Some of the most Bitcoin-friendly countries are discussed below:

    Japan: Japan is considered the technological hotbed of the world at the moment and quite understandably it is one of the first countries that started accepting Bitcoin. Despite the fact that this digital currency was invented in this very nation, there were some obstructions regarding its legalisation at the beginning. But since the cabinet decision made on December 7, 2014, the Japanese citizens have been using this currency without any legal impediment. As per Nikkei Asian Review, it has been proposed by Japanese financial regulators that Bitcoin would be treated as an equivalent to traditional currencies in this country.

2. Estonia: This Baltic nation possesses one of the most tech-friendly governments across the globe. Bitcoin has an all-encompassing implementation in this country starting from healthcare to banking services. Estonia Government took the initiative of transforming their citizens as e-citizens by offering blockchain based e-voting system. The country has a significant number of Bitcoin ATMs as well.

3. Singapore: This country, despite its small size, is one of the most developed territories in the world in terms of economic condition, technology, employment, and several other aspects. Apart from the official warning of Monetary Authority of Singapore (MAS) in December 2013, there hasn’t been any obstruction regarding the use of Bitcoin. Now Bitcoin transaction is legal in this country under some guidelines of Inland Revenue Authority of Singapore.

4. Australia and New Zealand: Both of these neighbouring countries have a very friendly approach towards Bitcoin as well as several other cryptocurrencies. In fact, some of the most popular and secured cryptocurrency exchanges like Cryptopia, BTCMarkets, Coinspot, etc are based in this territory. In December 2013, the Governor of the Reserve Bank of Australia (RBA) accepted the inevitability of Bitcoin use. As for New Zealand, there is no such law that can impede the use of Bitcoin and other digital currencies until it does not interfere with the respective fiat currencies of these countries.

5. South Korea: South Korea is a nation that is known for its gargantuan contribution to the digital world of Smartphone that we are currently living. Bitcoin is extensively used in this home of innovative technology. This currency is used as both a medium of transaction and investment in this country. This country also developed some of the most frequently used cryptocurrency exchanges including OKEx, Coinrail, Bithumb, Binance, Kucoin, and many more. Since there are no regulations regarding Bitcoin in this country, it is used for cross-border payments as well.

6. Sweden: Sweden is among the forerunners venturing to abrogate the usage of cash inside the country. As a result, the Swedish Government has accepted Bitcoin as a means of payment and transaction wholeheartedly. The Swedish Financial Supervisory Authority (Finansinspektionen) has declared Bitcoin along with other cryptocurrencies as a legal means of payment thereby legitimising a rapidly growing industry in the country. It is also the home of several bitcoin start-ups such as Safello Bitcoin Exchange.

My country (Mexico) has so far been quite friendly with bitcoin, so recently the Fintech Law has been promoted which seeks to protect users of cryptocurrencies from possible fraud. In addition, the Bank of Mexico will soon release a list of cryptocurrencies with legal validity in the country, and bitcoin is expected to be one of them.

if my country forbids bitcoin, I might stop being a crypto trader because it is so dangerous to force myself to remain a trader. I will sell all my assets and start entering other businesses that are not banned. but hopefully it does not happen because at this time I'm very dependent on bitcoin

I think There are many other countries like India, Russia who are preparing a draft for bitcoin legalization.
Europe, Japan, Canada, Israel, Korea, USA, Singapore are some of the big countries where bitcoin has legal status.

I am proud that I have been in the industry for a long time too and also proud that our country is one of the countries who are accepting bitcoin and was planning better way for us to grow as a successful crypto traders, and am so excited about and so proud about it, hoping that some countries will be able to help their countrymen too.

I am very impressed with Japan. I have always admired its high technological level, but the fact that it has accepted bitcoin pleases me even more. I want all States to be positive about bitcoin.

If bitcoin is accepted globally as currency for trade and exchange, then this is a great thing. Currently there are a number of countries that are banned from bitcoin markets that affect bitcoin development. We strongly suggest the fact that bitcoin can affect the future of any country that will support it, transactions are very smooth and much more convenient than withdraw your balance in the bank then take it for your needs

I admire countries that are not afraid to accept it and even develop on the territory of their country. This is a sign of a progressive state. Unlike mine...