Bitcoin Friendly countries - page 23.

buharikx31

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Quote from: ankurguta87 on January 15, 2018, 05:49:51 AM

Europe, Japan, Canada, Isreal, Korea, US, Singapore are some major countries where bitcoin has legal status. There are many other countries like India, Rusia those are preparing a draft for bitcoin legalization.

Not in all European countries people can use bitcoin freely, because of the new rules and i would not recognize countries which taxed btc as a friendly countries.
But mostly there still a lot of countries where is no regulations made for btc, I think we can consider them as a potential useful country where you can use crypto currency

Rubble898zaitO

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Where I live in, I can't totally say that it is a BTC friendly country. It's just that they don't look into bitcoin hard enough and just brush it aside when any news comes up. We are more like BTC Passive.

Liquid01

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In my country also do not support against bitcoin or other altcoin as a transaction but in my country many banks implement blockchain is a good sign in my opinion with the increase of bitcoin in my country.

heyspongebob

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Netherlands and UK as far as government adoption and enterprise development.

anushkasachith888

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Quote from: captin crunch on January 16, 2018, 05:02:11 AM

Quote from: ankurguta87 on January 15, 2018, 05:49:51 AM

Europe, Japan, Canada, Isreal, Korea, US, Singapore are some major countries where bitcoin has legal status. There are many other countries like India, Rusia those are preparing a draft for bitcoin legalization.

Korea is not already bitcoin friendly, they are adopting some regulations and restrictions

Can we say Korea is not Bitcoin friendly as they try to bring regulations ? don't they do them for their own good and their country people's welfare ?

anushkasachith888

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Quote from: PalindromemordnilaP on January 18, 2018, 07:03:41 AM

Western countries are among the countries that are friendly to bitcoin and the rest of the cryptocurrencies including other countries in Asia while some are completely against cryptocurrencies. Different country has their own perspective about cryptocurrency and maybe they ban it because they think it'll be a threat to their economic progress.

Do you think they are not educated well about Crypto market that's why they consider it is a a threat. Otherwise will they be freindly to BTC as you think ?

PalindromemordnilaP

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Western countries are among the countries that are friendly to bitcoin and the rest of the cryptocurrencies including other countries in Asia while some are completely against cryptocurrencies. Different country has their own perspective about cryptocurrency and maybe they ban it because they think it'll be a threat to their economic progress.

makolz26

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Quote from: redhondaxrm125 on January 17, 2018, 02:17:36 PM

Quote from: Dapper on January 16, 2018, 04:47:18 AM

Singapore. As an added bonus, no capital gains tax, no inheritance tax, and no income tax on interest income. So your crypto profits that are converted to fiat and put into fixed deposit accounts (or whatever you like), all of the interest income is tax free. Kind of a boring place to live though, but the perfect place to use as a piggy bank.

Oh my lord.. is this for real? If this truly is legitimate, Singaporeans really are very lucky! Imagine no tax for all these things! Whereas here in my country, tax is killing us! Bloodyhell. I wish i was a Singaporean.

Why do you think it is a boring place to live? From all the pictures amd videos i see, i think singapore is a beautiful place. And very entertaining place to live in.

Well, a lot of countries were just relying on tax, but the worst thing is that they are putting the burden even to the poor people, but we are all glad now we do have a tax reform incurred in our country, as a matter of fact a lot of ordinary people were now tax exempt and can enjoy their salary as a whole.

anushkasachith888

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Quote from: redhondaxrm125 on January 17, 2018, 02:17:36 PM

Quote from: Dapper on January 16, 2018, 04:47:18 AM

Singapore. As an added bonus, no capital gains tax, no inheritance tax, and no income tax on interest income. So your crypto profits that are converted to fiat and put into fixed deposit accounts (or whatever you like), all of the interest income is tax free. Kind of a boring place to live though, but the perfect place to use as a piggy bank.

Oh my lord.. is this for real? If this truly is legitimate, Singaporeans really are very lucky! Imagine no tax for all these things! Whereas here in my country, tax is killing us! Bloodyhell. I wish i was a Singaporean.

Why do you think it is a boring place to live? From all the pictures amd videos i see, i think singapore is a beautiful place. And very entertaining place to live in.

May be user redhondaxrm125 saidso, Singapore people are like machines, work work and work. cos they have to pay lot of bills to have the Singapore high life, I heard that Singaporeans are the most stressful people in the world.

redhondaxrm125

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Quote from: Dapper on January 16, 2018, 04:47:18 AM

Singapore. As an added bonus, no capital gains tax, no inheritance tax, and no income tax on interest income. So your crypto profits that are converted to fiat and put into fixed deposit accounts (or whatever you like), all of the interest income is tax free. Kind of a boring place to live though, but the perfect place to use as a piggy bank.

Oh my lord.. is this for real? If this truly is legitimate, Singaporeans really are very lucky! Imagine no tax for all these things! Whereas here in my country, tax is killing us! Bloodyhell. I wish i was a Singaporean.

Why do you think it is a boring place to live? From all the pictures amd videos i see, i think singapore is a beautiful place. And very entertaining place to live in.

Darin2

newbie

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A few ATM machines is just a good news for news. Tell me where I can pay taxes for my Bitcoins.
That would be useful, and not to be afraid of laundering the money.

anushkasachith888

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Activity: 546

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Quote from: captin crunch on January 16, 2018, 05:02:11 AM

Quote from: ankurguta87 on January 15, 2018, 05:49:51 AM

Europe, Japan, Canada, Isreal, Korea, US, Singapore are some major countries where bitcoin has legal status. There are many other countries like India, Rusia those are preparing a draft for bitcoin legalization.

Korea is not already bitcoin friendly, they are adopting some regulations and restrictions

Just now I heard they are going to shut down totally Crypto currency exchanges.. Undecided

Kambal2000

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Quote from: Dapper on January 16, 2018, 04:47:18 AM

Singapore. As an added bonus, no capital gains tax, no inheritance tax, and no income tax on interest income. So your crypto profits that are converted to fiat and put into fixed deposit accounts (or whatever you like), all of the interest income is tax free. Kind of a boring place to live though, but the perfect place to use as a piggy bank.

Here in our country, I can say that although our country is not in favor of cryptocurrency still they are not closing the door, and now we still don't have tax imposed on it so I can say that bitcoin is also friendly here in our country but not yet totally welcoming it, still we are thankful that they are not banning it unlike other countries.

Clickcluck

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I think the crypto friendly countries are the ones that don't even try to regulate it legaly and of course don't think to restrict it. Cause when a country tries to regulate for example blockchain of bitcoin it won't be the blockchain anymore

captin crunch

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Quote from: ankurguta87 on January 15, 2018, 05:49:51 AM

Europe, Japan, Canada, Isreal, Korea, US, Singapore are some major countries where bitcoin has legal status. There are many other countries like India, Rusia those are preparing a draft for bitcoin legalization.

Korea is not already bitcoin friendly, they are adopting some regulations and restrictions

[email protected]

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In addition to all contributions, Nigeria, a west Africa country is a bitcoin friendly country. Many that are aware of bitcoin are really making use of it and the government of Nigeria is not against transactions using bitcoin based. I hope other Africa country are bitcoin friendly too.

Dapper

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Singapore. As an added bonus, no capital gains tax, no inheritance tax, and no income tax on interest income. So your crypto profits that are converted to fiat and put into fixed deposit accounts (or whatever you like), all of the interest income is tax free. Kind of a boring place to live though, but the perfect place to use as a piggy bank.

anushkasachith888

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Activity: 546

Merit: 12

Quote from: FullMooon on January 16, 2018, 03:09:19 AM

Quote from: anushkasachith888 on January 16, 2018, 03:00:20 AM

Quote from: Thyristor on January 16, 2018, 02:54:49 AM

Quote from: anushkasachith888 on January 15, 2018, 05:40:27 AM

The country where I live is not a bitcoin friendly country, and I know there are some countries , they are quite friendly for bitcoin. even BITCOIN exchange ATM machines are there. Actually I would like to know what are the most Bitcoin friendly countries in the world at the moment?

Top 10 Bitcoin Friendly Countries:-
1.The United States
2.Denmark
3.Sweden
4.South Korea
5.The Netherlands
6.Estonia
7.Finland
8.Canada
9.UK
10.Australia
You can check for details https://news.bitcoin.com/worlds-top-10-bitcoin-friendly-countries/

Thanks mate. Well I thought Singapore in the top 10. but it is not, no. 6 Estonia. interesting, not much informed about that country though.

I Wish philippines get to top 10. Bitcoin is recently approved by the bank. I want to share it because in philippines the prices of the materials and services is cheap. And now you can use bitcoin in some areas thats why so it so friendly

Impressing to hear that Philippines government accepted BTC. Yes your point is fair, Philippines living cost is not high. So you can take full advantage of BTC while you are in Philippines rather than Western countries where living cost is very high..

anushkasachith888

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Quote from: Future3000 on January 16, 2018, 04:04:42 AM

Now it's Malta, Ireland, Belarus, Japan, Georgia, Armenia, even Vanuatu

Also some other countries

It is nice to see now more and more countries are flexible enough to adapt to Bitcoin. This is a good sign it seems to be. One guy told me that This is how they going to destroy BTC, But he was unable to describe how would they do it in that way? He just said me , wait and see,

anushkasachith888

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Activity: 546

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Quote from: ?? on ??

i'm from Vietnam, lots of people use and trade bitcoin despite the goverment has released laws to restrict that ^^

Oh that means Vietnam is getting closer and closer to BTC, Glad to hear it, Vietnam the other Asian country ready to be BTC state country following Japan, Singapore,korea....

Topic: Bitcoin Friendly countries - page 23. (Read 2250 times)