Safest country for exchange? - page 2.

needFREElunch

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Hi

Quote from: minerpumpkin on July 24, 2014, 07:27:21 AM

I don't know if it is really a country thing. Some people are freaking out because even Bitstamp, which I consider rather trustworthy, is located in eastern Europe and uses single accounts to keep their customers FIAT money. I know there may be complications in case of some freeze but that hasn't happened as of now...

I think the bigger risk with bitstamp is that their owners have unknown identities.

Having a small number of bank accounts would not be unusual for companies.

minerpumpkin

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A pumpkin mines 27 hours a night

I don't know if it is really a country thing. Some people are freaking out because even Bitstamp, which I consider rather trustworthy, is located in eastern Europe and uses single accounts to keep their customers FIAT money. I know there may be complications in case of some freeze but that hasn't happened as of now...

freedombit

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I'd like to see an exchange floating above ALL of our heads, on a series of independently operating satellites.

I can see it now, a manufacturer of mining servers offering a special package.

Get it now, for only $5 million, the Orbital Placement and Solar Package deal. For a nifty sum of USD $5 million, we will launch your miner into space, place it into low-flying orbit above the earth. If you act now, we will give you a free set of solar wings. Just enough to power your miner infinitely. No more electricity bill. Call now. 1-800-SKY MINE.

jjc326

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I think it is unclear/there is a miscommunication about what OP is looking for. If you want something totally unregulated then you want something like South American or Singapore. If you want to follow the laws and just be safe and have recourse if something goes wrong, then you want something like the US or Canada.

bluemountain

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The country with the most advanced economy and banking system to facilitate transfers from banks....the US

tmbp

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Why would someone be so retarded as to hold servers running an exchange in the tyrannical U.S./UK or even Germany when they all have clear regulations when Hong Kong has unrestricted, untaxed Bitcoin businesses.

This is what happens when you ask a bunch of noobs for business advice I guess..

Yakamoto

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Quote from: BowieMan on July 23, 2014, 07:57:00 AM

Why not Canadas? They're so nice and I believe Canadians could never scam anyone! The only drawback (or is it?) is that they effectively recently declared Bitcoin a currency!

They technically didn't regulate it. They just made it so exchanges have to be registered to avoid money laundering, and online casinos have to comply with already-existing laws.

It's not like the BitLicenses, it's much more benign. Companies can still sell, just Casinos and exchanges have to be monitored.

Divinespark

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Surely, the US and western Europe has to top this list
Not sure about the Middle East and Asia - long history of centralised govt structures there

Lethn

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Germany or the UK, they both have already legalised Bitcoin and you just have to pay standard taxes on your profits if you sell the Bitcoins, Switzerland might be another option as well but that depends on what the lawmakers are going to do about it, I don't recommend U.S for reasons that should be obvious if you've done the research but it's a bit early to say for the rest of the world just yet.

Sindelar1938

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Germany, Singapore, Scandinavia, with some caveats North America

BigBoy89

legendary

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try some tax haven country Grin

did an exchange need rent an office?
rent a property in hongkong and singapore are too expensive

Quote from: Justin00 on July 23, 2014, 08:17:27 AM

North Korea sounds like a favorite.
Hmm I wonder if there are any North Korean hosting providers.

North Korea Grin

LOL
i think hard to set up hosting providers there
since government restrict many aspects in internet

Justin00

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★YoBit.Net★ 350+ Coins Exchange & Dice

North Korea sounds like a favorite.
Hmm I wonder if there are any North Korean hosting providers.

3x2

legendary

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Better some South American country

franky1

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jersey in the british isles seems to be looking like a nice spot these days

tmbp

sr. member

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Merit: 250

Quote from: BowieMan on July 23, 2014, 07:59:30 AM

Quote from: tmbp on July 23, 2014, 07:58:03 AM

Quote from: BowieMan on July 23, 2014, 07:57:00 AM

Why not Canadas? They're so nice and I believe Canadians could never scam anyone! The only drawback (or is it?) is that they effectively recently declared Bitcoin a currency!

It's not 2002 anymore there is barely a difference between the U.S. and Canada.

But have you seen dooglus (JustDice) paying back all the funds people invested in his Casino? That's the right way to do business in bitcoin world!

Oh thank god dooglus didn't steal all the funds! He sure deserves a nobel prize for peace!

Implying that being a decent human being is praiseworthy....

BowieMan

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Is there life on Mars?

Quote from: tmbp on July 23, 2014, 07:58:03 AM

Quote from: BowieMan on July 23, 2014, 07:57:00 AM

Why not Canadas? They're so nice and I believe Canadians could never scam anyone! The only drawback (or is it?) is that they effectively recently declared Bitcoin a currency!

It's not 2002 anymore there is barely a difference between the U.S. and Canada.

But have you seen dooglus (JustDice) paying back all the funds people invested in his Casino? That's the right way to do business in bitcoin world!

tmbp

sr. member

Activity: 350

Merit: 250

Quote from: BowieMan on July 23, 2014, 07:57:00 AM

Why not Canadas? They're so nice and I believe Canadians could never scam anyone! The only drawback (or is it?) is that they effectively recently declared Bitcoin a currency!

It's not 2002 anymore there is barely a difference between the U.S. and Canada.

BowieMan

full member

Activity: 154

Merit: 100

Is there life on Mars?

Why not Canadas? They're so nice and I believe Canadians could never scam anyone! The only drawback (or is it?) is that they effectively recently declared Bitcoin a currency!

BiTJack

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