Topic: Most supportive cryptocurrency countries. - page 5. (Read 3679 times)
As far as I know from an article,JAPAN,SCANDIVIAN COUNTRIES and RUSSIA are the most supportive cryptocurrency countries.But to me,JAPAN is the number one supportive country for cryptocurrency./b]
I think we need to articulate exactly what we mean by supportive. If we mean supportive in terms of exchanges and actual adoption in ordinary commerce, I agree that Japan is the clear leader. If we mean supportive in terms of ICOs, I prefer those countries that at a minimum will allow you to bind a regulatory authority ab initio to the legality of an offering (so if you can get a blessing in advance and the regulator is bound, you are good). That right now means Switzerland and a few other places (perhaps Gibraltar). If we mean supportive of mining, then obviously we need to look at cheap electricity and necessary infrastructure, and to me that is still China.
Thanks for sharing! Gibraltar is an interesting, and to me a new mentioning I haven't encountered yet. Thanks again!
I think Japan and Korea is the most supportive cryptocurrency. Their country already accept cryptocurrency for online transactions.
For my country, from now just still only one online website accept bitcoin for online transactions, and many payment gateway accept bitcoin.
For my country, from now just still only one online website accept bitcoin for online transactions, and many payment gateway accept bitcoin.
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.
Unlucky 13: Russia starts blocking cryptocurrency-focused sites
https://coingeek.com/unlucky-13-russia-starts-blocking-cryptocurrency-focused-sites/
Of course The Number one supportive Country For Me is Japan, We Have Rumors Spreading All Over This Forum that Says Satoshi Nakamoto is Hiding His/Her Identity, In Satoshi's Name The Creator Of Our Beloved Bitcoin is Specifically A japanese.
Furthermore, Japan is The Leading Country that really Accepts Bitcoin. Maybe in Just After 3-4 Years They Will be a Cashless country because of bitcoin.
Furthermore, Japan is The Leading Country that really Accepts Bitcoin. Maybe in Just After 3-4 Years They Will be a Cashless country because of bitcoin.
I do not think it substantially matters if the country you are in is not supportive of Bitcoins unless it is able to shutdown all online Bitcoin transactions. When I say transactions, it necessarily includes buying, selling, trading, mining, money exchanges, campaign signatures, and etc. If the country you are in is powerful and is capable enough to stopping all these forms of money-making businesses through Bitcoins, then KUDOS! Otherwise, most probably than not, it does not substantially matter if the country you are in is supportive of Bitcoins.
Yes of course in some point governments is not substantially in not recognizing Bitcoins as a payment but still it will be more helpful if they do that in the future as it will contribute a big impact to Bitcoin's potential growth in the future. It is much more better for Government to not support Bitcoin at all than to regulate it with taxes or worst ban it. For whatever may happens in the future I believe that people who wants to use Bitcoin will find a way to use it no matter how their countries contradict it.
Is anyone aware of any law firm or other entity doing a large survey of existing law/regulatory guidance around the world? I'm an attorney and I'm working on one and wondering where to publish it and if I am wasting my time. Thanks.
How about Singapore? Recently they declared they would not be interested in regulating cryptocurrency. Rather they would look at activities surrounding cryptocurrency (I am positive they're implying Ico's here) and regulate if necessary.
Japan and South Korea already legalize bitcoin as legal transaction officially meanwhile Singapore still not have any regulation yet
Anyway it's good news if more country legalize bitcoin so it can reach $ 10.000 within a year.
As we know more people interest on bitcoin from time to time so that's why their government must support people's need !
I do not think it substantially matters if the country you are in is not supportive of Bitcoins unless it is able to shutdown all online Bitcoin transactions. When I say transactions, it necessarily includes buying, selling, trading, mining, money exchanges, campaign signatures, and etc. If the country you are in is powerful and is capable enough to stopping all these forms of money-making businesses through Bitcoins, then KUDOS! Otherwise, most probably than not, it does not substantially matter if the country you are in is supportive of Bitcoins.
cryptocurrency as we all knows that it has no boundary anywhere in the world in any form of business as long as it is recognizes by your counterpart and as long as there is internet, but in our countries they are starting to adopt crypto currency as a mode payment specially in some remittances in which it is more economical fast and reliable. 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.
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.
they support virtual money (start them own coins) not support bitcoin
you must add Dubai and Asia countries like Korea
I do not think it substantially matters if the country you are in is not supportive of Bitcoins unless it is able to shutdown all online Bitcoin transactions. When I say transactions, it necessarily includes buying, selling, trading, mining, money exchanges, campaign signatures, and etc. If the country you are in is powerful and is capable enough to stopping all these forms of money-making businesses through Bitcoins, then KUDOS! Otherwise, most probably than not, it does not substantially matter if the country you are in is supportive of Bitcoins.
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.
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.
Japan is supportive all the way but I'm not sure about Russia because they are still under discussions.
This is a screenshot of the latest invoice for company formation from a Trade register of Canton Zug, Switzerland:
BTC and ETH now accepted as a payment option.
So, which one is better for blockchain, BTC and other cryptocurrencies?
BTC and ETH now accepted as a payment option.
So, which one is better for blockchain, BTC and other cryptocurrencies?
How about Singapore? Recently they declared they would not be interested in regulating cryptocurrency. Rather they would look at activities surrounding cryptocurrency (I am positive they're implying Ico's here) and regulate if necessary.
japan still number one, now they applies and accept bitcoin. i dont know why china not following japan. as we know, some percent miners is from china. i hope soon, more country take bitcoin as payment.
I agree with you on Japan. Right now they are the ones who support Bitcoin the most. Bitcoins are 100% legal in a number of other nations as well, such as Singapore, Switzerland and South Korea. But the situation there is not as bright as that in Japan, as there are difficulties with the tax structure and red tape.
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.
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 removed Russia, they are not supportive of cryptocurrency and its not a safe haven either. Observed how they contradict once statement and you will get the idea that they are against it. I'm saying yes to Scandinavian countries, Sweden and Switzerland are leading the way. Latest news we see is that they are going to accept bitcoin as payment or tuition fees. Of course Japan no question is the leader now because China is out of the picture. There are also smaller countries in Asia as well that are bitcoin friendly.
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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.
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).
Interesting insights! If i am keen to learn more about Japan's model, as well as other countries you mentioned - South Korea, Taiwan, Thailand, Php, Malaysia, Cambodia, Vietnam, how would you suggest I learn more about them?
Re: Africa, agree, which countries would you bet on, that will become the earlier hotspots there?
Vietnam just banned bitcoin - https://www.coindesk.com/vietnams-central-bank-announces-ban-on-bitcoin-payments/
To learn more about them you should look for news relating or bitcoin in that country. Or you can try to check their local boards here however, you need to translate everything. As far as Africa, I see Nigeria as the emerging nation in terms of bitcoin in Africa. For more news you can also follow bitcoin scene in Africa here: https://bitcoinhub.co.za/
Canada is welcoming leagl ICO and fintech startup via the sandbox program https://www.securities-administrators.ca/industry_resources.aspx?id=1588
Russia is a supportive country in the cryptocurrency, recently they provide a pilot city in Russia that will cater local agencies, one that will manage the security and protection of its people in cryptocurrency while the other one is an information dissemination to its people about cryptocurrency.
https://news.bitcoin.com/russia-pilot-city-launch-cryptocurrency-agencies/
https://news.bitcoin.com/russia-pilot-city-launch-cryptocurrency-agencies/
It seems to me that there are no States that support the development of bitcoin. Everything rests only on the enthusiasm of people who believe in bitcoin. States are trying to benefit from it or on the contrary to deny. The state's attitude to bitcoin is possible to judge the degree of democratic society. All dictatorships ban bitcoin because they are afraid of losing control over people.
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