Topic: Most supportive cryptocurrency countries. - page 6. (Read 3679 times)

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.

Japan also comes first in my mind and now they’re making some mining rig that is lesser cost, electricity but with high performance. Haven’t heard any update as of now but Japan as we all know how technologically talented country that is really be a hit.

China in other way thought that they can manipulate the market when they tried to ban and closed exchanges but the bitcoin community answers with a swiping 6000$ price without they’re support.

There are more countries now that are supporting bitcoin/cryptocurrency as the investors and users keep doubling its number.

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 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).

China will go back to BTC once it's proven that it's not a bubble. They are scared that people will invest and it all crashes to 0 and their citizens will lose billions. It would certainly be a problem for a country that treats its people like slaves. If people don't invest locally but buy pixels in the web it's bad for the economy. I know that's a very limited thinking, but the Chinese officials are limited. It will take time but  they will eventually allow people to trade.

Indeed it will be Japan at the top list because they have all reasons that they should earn all credits about the positive impact that bitcoin contributed in the world economy because if the results become opposite after introducing the bitcoin it will be criticism would be their consequence. Russia and other nation may create their own version of bitcoin for their self interest or what ever they have planned but still it will not take away the pride that already achieved by Japan.   

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.

I also have high hopes for Japan but as a growing number of users of bitcoin will rise and energy costs for a service transaction. Now with these challenges the Chinese. But what will happen if China will prohibit the employment of miners? Japan has limited energy and can not replace China.

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.

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.

Japan has a very positive attitude towards bitcoin and crypto. Japan and southern asiatic countries are very free countries in terms of crypto money. Especially Hong Kong and  Singapore Crypto is worth the money.

There's so much hate on Russia. 

While they did say that they'd be making their own cryptocurrency, I don't think they'll be banning Bitcoin alongside.

I've been to Russia just last month, and they accommodate Bitcoin pretty well. There was a restaurant in Moscow that had altoins for a theme, and ordinary citizens seem to know a lot more than trading, they actually know the system behind cryptocurrency.

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.