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Topic: map shows which countries are friendly to Bitcoin (Read 2076 times)

hero member
Activity: 686
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vini, vedi, no vici.
It's interesting that, three of the four BRIC nations (Brazil, India, China, Russia), seen as the key emerging economies, are Bitcoin-Hostile...at least according to this map.

Brazil being the one of the four that is Bitcoin-Permissive.

Any thoughts on this?

Brazil's government is so far ignorant about Bitcoin development in country. Soon, they'll come up with some comment on Bitcoin and like other developing countries, it will be hostile.
full member
Activity: 199
Merit: 101
It'd be appreciated by those who don't have a hand in the country's development (either politically or as business owners, etc). Private citizens anywhere in the world can stand to appreciate BTC, even though it's made to look bad and evil in some countries.

The 'private citizen' who actively takes initiative to solve any or some of the challenges related to a country's development (either politically or as business owners, etc) could stand to gain handsomely, in more ways than one Smiley


legendary
Activity: 1512
Merit: 1012
the problem is not the country ... the problem is the bank that they blacklist "physical person" that use bitcoin (plateform that transmit SEPA identification).
global moderator
Activity: 4018
Merit: 2728
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The key to a country's hostility toward Bitcoin is how tied the central bank is tied to its government.

So isn't that most of them? It'll be interesting to see how Governments react if Bitcoin really starts gaining mainstream traction. I'm sure they'll start doing what they can to restrict it if it truly does start to threaten the banks.
legendary
Activity: 3598
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Viva Ut Vivas
The key to a country's hostility toward Bitcoin is how tied the central bank is tied to its government.

That has a lot to do with the fact that there was no competition.
member
Activity: 73
Merit: 10
Correction, those BRIC countries I had mentioned are Bitcoin-Hostile, are actually only Bitcoin-Contentious.
full member
Activity: 308
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2nd and 3rd lv country are welcome to bitcoin
legendary
Activity: 1680
Merit: 1205
Bear in mind that central banks can say what they like about bitcoin but central banks don't directly pass laws. Governments/legislatures do.

You're right: they don't do it directly, but indirectly... unfortunatly, the outcoume is almost the same, usually there's just some delay before governments approves bank's laws
hero member
Activity: 784
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Annuit cœptis humanae libertas
Bear in mind that central banks can say what they like about bitcoin but central banks don't directly pass laws. Governments/legislatures do. So a central bank à la Thailand saying that bitcoin is not regulated by them and thus not specifically legalised, does not make bitcoin illegal in that country.

I can't really speak for Iceland but for the fact that exchange controls don't apply to bitcoin right? (How could they?) The Icelandic government wants to stop or at least stem the flow of ISK/fiat money out of the country. When someone in Iceland accepts bitcoin, or sells it to someone else, that doesn't cause any ISK or other fiat currency to leave Iceland.
sr. member
Activity: 378
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I didn't realize that they have a rundown for each country like that.  Cool, thanks.
full member
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That's why i think bitcoin is probably going to be even more appreciated in the hostile countries Smiley

It'd be appreciated by those who don't have a hand in the country's development (either politically or as business owners, etc). Private citizens anywhere in the world can stand to appreciate BTC, even though it's made to look bad and evil in some countries.
legendary
Activity: 1680
Merit: 1205
sr. member
Activity: 378
Merit: 255
Should Russia be red now?

And why is Iceland red?  Did I miss something?
legendary
Activity: 1680
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Countries that have exchange controls are far more likely to be hostile to Bitcoin. The stricter the exchange controls the more hostile the country is likely to be. The best example of this is Iceland http://bitlegal.io/nation/IS.php

That's why i think bitcoin is probably going to be even more appreciated in the hostile countries Smiley
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
It's difficult to define how a country is friendly or not towards BTC.
In some countries, the central bank may be against it, but they may be thousands of happy bitcoiners living peacefully.
hero member
Activity: 602
Merit: 500
Most countries are for Bitcoin there are only a few countries which are against the concept and the idea of Bitcoin.
legendary
Activity: 2282
Merit: 1050
Monero Core Team
It's interesting that, three of the four BRIC nations (Brazil, India, China, Russia), seen as the key emerging economies, are Bitcoin-Hostile...at least according to this map.

Brazil being the one of the four that is Bitcoin-Permissive.

Any thoughts on this?
Those countries have more to fear from exodus of capital than they could expect to gain from e.g. new high-tech companies (which will probably be established elsewhere anyway).

Countries that have exchange controls are far more likely to be hostile to Bitcoin. The stricter the exchange controls the more hostile the country is likely to be. The best example of this is Iceland http://bitlegal.io/nation/IS.php

Edit: Brazil does not have exchange controls.
Quote
As a general guideline, the RMCCI allows legal entities and individuals to purchase and sell foreign currency and perform international transfers in Brazilian Reais, regardless the nature of the operation, with no restriction with respect to the amount involved therein.
http://www.deloitte.dbbrazil.com.br/show.aspx?idCanal=JHbAuQG9bBPQgRB4b/RKqA==
qwk
donator
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Shitcoin Minimalist
It's interesting that, three of the four BRIC nations (Brazil, India, China, Russia), seen as the key emerging economies, are Bitcoin-Hostile...at least according to this map.

Brazil being the one of the four that is Bitcoin-Permissive.

Any thoughts on this?
Those countries have more to fear from exodus of capital than they could expect to gain from e.g. new high-tech companies (which will probably be established elsewhere anyway).
member
Activity: 73
Merit: 10
It's interesting that, three of the four BRIC nations (Brazil, India, China, Russia), seen as the key emerging economies, are Bitcoin-Hostile...at least according to this map.

Brazil being the one of the four that is Bitcoin-Permissive.

Any thoughts on this?
global moderator
Activity: 4018
Merit: 2728
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