Most supportive cryptocurrency countries. - page 3.

MCVXYZ

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Quote from: ORCAf on November 10, 2017, 04:13:05 AM

Quote from: Garld1936 on November 10, 2017, 02:25:25 AM

now Japan be number one (may be China is number one because of mining ) after china Asia countries then UAE , Germany , USA ,.....

Germany? Any arguments? Shocked

Federal financial supervisory authority of germany has already recognised bitcoin and they make very interesting and improtant legislative iniciatives.There is a very interesting fact,They think that bitcoin is not a legal tender or E.money and they discuss bitcoin transfers as a transfer of goods and not as money or obligations,this means that bitcoin is a units of good and not money for them.By this iniciatives I think they will create precondition to establish taxes on bitcoin transfers but also as we know this will be very hard..So,As I heard from my friend there is a very good situation Today in Germany and I hope it will be, because Germany is a one of the best source of law in EU.

Bonakid

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Japan is the most supportive country in cryptocurrency.They adopted it as a payment system and its good to hear that they implement it in their country because of their high techonology.It was legal in their country and accept it as their currency government did not banned it because it can help many people help to earn in digital currency for them it will reduces poverty and unemployment.

marielbeckham

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I also consider Japan to be at the top of such a list.

marielbeckham

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I also consider Japan to be at the top of such a list.

marielbeckham

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I also consider Japan to be at the top of such a list.

RamonBTC

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Quote from: ORCAf on November 13, 2017, 07:12:02 AM

Japan’s Blockchain Industry Report

http://news.8btc.com/fenbushi-capital-japans-blockchain-industry-report

If my country will be like Japan on cryptocurrency adaptation that would be the best gift for me this new year. We can’t deny the influence and the fact that Japanese culture overshadow the imperfections of bitcoins and turn those negativity into positivity that help bitcoin where it is now. It is the best model that most country should follow in due time. Legality that is fair to its people is what they teach the world.

sunsilk

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Just like what everyone is saying that majority of us know it that Japan is the most supportive country that is good with cryptocurrencies.

They have adopted bitcoin and made it legal before the country that is good for supporting crypto's is China but because of their new regulations about ICO's, crypto people there are affected and it's like they are not getting support from the gov't but I don't have any update regarding that thing.

marcbitcoins

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Quote from: etraderhart on October 19, 2017, 03:32:29 PM

Ok. So for the past two months, everyday, I have been reading cryptocurrency news from all around the world. (mostly from news.bitcoin and cointelegraph) and I has summed up my top three over-all supportive and progressive crypto-communities (not just the legal factor). [Feel free to disagree with me or correct my words]

not in any order

DISCLAIMER
*My reasons came from a compilation of news articles, but the list is purely opinionated.

1. Russia
The conflicting interest b/w Putin and the Central Bank has been slowing up the pace for progress; however, recent news suggest that the guidelines for bitcoin and digital currency will be made both beneficial to the government and the local users. I think Russia will be one of the centers of the blockchain technology in the future. Not to mention that Putin and Buterin have already discussed ways for the Ethereum platform to work well for the government.

2. Scandinavian countries
Not only Russia, but countries in Northern Europe have also integrated the blockchain technology in their university programs. Not only that, but some have now allowed Bitcoin to be a method of payment for tuition fees. Aside from this, countries such as Denmark, Norway, Sweden, and Switzerland are gearing towards a 'cashless' society, and digital currencies are helping them do so.

3. Japan
Of course Japan is in my list. What better way to say it, but Japan is the first to make Bitcoin a legal tender. What makes Japan enter the list is because they didn't end there. As soon as they've allowed Bitcoin to become a mode of payment, authorities then also placed their attention to the miners and ICOs. Leaving no factor behind. As of now, you can even pay utility bills with Bitcoin, and the government is supporting small households to mine digital currencies.

Please include New Zealand in the loop in which they are now in the process to be the first cashless nation in which digital currencies were belong too. New Zealand has their own trading sites for digital currencies in the name of Cryptopia.co.nz. so therefore we should include New Zealand in the list as they have very strong support to digital currencies especially bitcoin.

Guapongbadoy

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Also for me isthe most supportive country, I heard it is already accepted by the government, second is India.

manoj kumar k

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most supportive crypto currency countries are Argentina Australia Austria Belgium Bolivia Brazil Bulgaria Canada Chile China Colombia Croatia Cyprus Czech Republic

goaldigger

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I think , the most supportive cryptocurrency is Japan. It is also the best vessel for cryptocurrency transactions because of their technology. They can do some gadgets or machines accepting Bitcoins and can be distributed to another country.

Protected101

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Japan is the most supportive country in cryptocurrency and they are using it as payment system in their country.In fact it has a big growth because japan implement it as their digital currency,japaneses are using high technology and its good thing to know they spread it out and adapt it.

DenkoViewly

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Totally agree with you - you might want to add Holland and Estonia there. Especially Holland, there are so much HODLers there you would not believe it. People are actually getting themselves educated on daily basis on how to mine, trade and buy into Bitcoin. It's like the gold rush.

Harlot

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Quote from: iamTom123 on October 20, 2017, 06:38:42 AM

Quote

I'm not sure that Russia belongs on the list. Like China, they have flip-flopped on cryptocurrencies for years. The Prosecutor General actually said in 2014 that using Bitcoin was illegal, because it functioned as a "money substitute." This stance was never enforced and indeed seems to evolved into a more progressive stance. However, they have continued to block access to cryptocurrency sites/exchanges, and released a new list of banned domains just a couple months ago.

The government has also made conflicting statements (and there are conflicting rumors). On one hand, the Finance Minister says it makes no sense to ban cryptocurrencies. On the other hand, there are rumors floating around about the "Crypto-Ruble" and that once it is launched, mining other cryptocurrencies will be considered illegal. I wouldn't include Russia simply because we have no idea what their regulations will end up looking like.

Japan, Norway, Sweden and Switzerland are definitely all taking progressives stances and are encouraging innovation and adoption.

I fully agree. Russia could not decide whether they would be really supportive of Bitcoin and the cryptocurrency movement in general or they would be following the ban path pioneered by China. Maybe by next year we can be able to know what can be its final decision. Right now, we are hoping that there can be a strong lobby from the many Russians who are now into the cryptocurrency market for the government to instead formulate regulations rather than an outright ban.

As far as the top supportive countries for Bitcoin, it should really be Japan at the top and we all know why. I think it is Japan that lead the way on how to work with Bitcoin and make things to the benefits of the country's economy. Other countries who are afraid that they can be gobbled up by Bitcoin should look at the model set up by Japan.

Right now, in Asia, we also have South Korea (though there is an ICO ban in there), Taiwan, Thailand, the Philippines and maybe also Malaysia, Cambodia and Vietnam as countries that can soon be loving Bitcoin. I am also excited of what the continent of Africa can be able to contribute for the progress of Bitcoin (it can be a good medium of exchange in places where conflicts are existing).

I also agree with you the Asian countries you have mentioned are friendly with Cryptocurrency users but the warnings about scams and potential ponzi schemes related to Bitcoin are being issued frequently. And I think South Korea and Japan are the Asian Countries who are really supportive of the cryptocurrencies especially Bitcoin as they think it will be good for their economy overall, because thinking of it Countries like South Korea who mostly accept Credit Cards will take advantage of another payment method outside of it.

MisterPrada

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The government of Belarus has passed new statutes aimed in part at encouraging the development of companies around cryptocurrency and blockchain.

According to the state-owned media agency BelTA, on Dec. 22 Belarus President Alexander Lukashenko signed a digital economy development decree that legally enshrines the use of emerging technologies like blockchain, while also offering significant tax incentives in a bid to attract business activity.

The decree, as summarized by a local IT firm that advocated for the legislation, boosts development of the country's High-Tech Park, a special economic zone the government wants to serve as a hub for tech and financial startups.

One component of the law provides a legal basis for companies working on smart contract development, token issuance, cryptocurrency trading and mining – all of which would be exempt from income taxes for the next five years.

AlexInTheOcean

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I'm not sure regarding Russia yet, new regulations should be announced in the coming days. But Belorussia has on of the best crypto support overall.

biskitop

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USA, Russia, Japan, South Korea. That's what I know. And from some of these countries, japan is the one who really support bitcoin. The last news I see, the Japanese state has benefited from bitcoin taxes. Because japan is now really the biggest transaction center in asia, and of course if the government imposes a tax on every bitcoin transaction, then it will be very profitable for the country.

ember.suc

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United States of America. San Fransisco namely. Silicon Valley is much more adaptive in technology realms, which makes them more adept to accepting cryptocurrencies. But, interestingly I heard a case last year, where Cyprus citizens began buying BitCoins as their economy was imploding. [

s31joemhar

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I think most of all the countries in the whole world supports the company of bitcion.
Since bitcoin provides all good benefits resulting to a innovation to start a new journey for success. From this many countries promote their services in the public.

Lannie25

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The most supportive countries in promoting bitcoin are; Japan, American and European countries. Their advantage in using technology and intelligence is great foundation to support the legacy of bitcoin in our industry.

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