Safest country for exchange? | Bitcointalksearch.org

ArthurBTC

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Quote from: H4M24 on September 12, 2014, 04:59:47 PM

Quote from: AliceWonder on July 28, 2014, 03:49:57 PM

Quote from: tmbp on July 23, 2014, 04:54:56 AM

What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

For me, for USD -> BTC the safest exchange is America because I live in America so if there is fraud, me being American and the exchange being American means I have an easier time with legal recourse.

I don't know about the other countries but i don't recommend Morocco because exporting the local Currency 'MAD' is considered a CRIME ,and buying BTC for MAD is technically exporting MAD .

Well, that's the case for any good. If you buy a carpet with MAD, and send it to Europe, you are indirectly exporting MAD. And Morocco is for sure a "protected" economy, but it does export.

But it is true that the BTC exportation can't be controlled/taxed..

Do anyone has or know somebody who got into troubles because of Bitcoin trading in Morocco?
Or have any idea of the Bitcoin status there?

ajareselde

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Satoshi is rolling in his grave. #bitcoin

Quote from: dKingston on September 14, 2014, 02:04:49 PM

I think the safest countries currently are Germany and Singapore.

i dont agree on germany, since it is in EU, and has milion tax laws .
you should definetly look for something that is not in EU or some big country.
now where do people love to have their money safely hidden ?

dKingston

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I think the safest countries currently are Germany and Singapore.

zorke

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I would say that once the NY regulations come into effect NY (in the US) would likely be the safest country for an exchange. The proposed regulations would make it more costly to do business in NY however it would make it safer for consumers and thus the exchange itself.

H4M24

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Quote from: AliceWonder on July 28, 2014, 03:49:57 PM

Quote from: tmbp on July 23, 2014, 04:54:56 AM

What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

For me, for USD -> BTC the safest exchange is America because I live in America so if there is fraud, me being American and the exchange being American means I have an easier time with legal recourse.

I don't know about the other countries but i don't recommend Morocco because exporting the local Currency 'MAD' is considered a CRIME ,and buying BTC for MAD is technically exporting MAD .

Wealthy

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I believe afghanistan or other similar countries would be the safest place where people don't have any knowledge regarding bitcoin Grin

.Or may be a country where there is least reach of internet and technology

FishcakeBuffet

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Probably Australia. We dont have mandatory data retention so your data would be safe. But the EU has Bitcoin positive regulation so also there might be a good bet

btcxindia

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bitcoin exchange in India

Singapore; Tight regulatory system but quick approvals.

abora

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Germany,Denmark,Hong Kong,Singapore and US

Mental Fight

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i think you can use bitstamp or btc-e to buy it . or you can buy in local bit[Suspicious link removed]d luck.

79b79aa8d5047da6d3XX

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panama

Cranky4u

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Australia because;
1. The federal government have declared btc / crypto a legal currency.
2. The Australian Taxation Office treats btc as per fiat.
3. Trust already exists between Australian banks and existing btc exchanges.
4. Melbourne, Australia is already a btc hub for software developers.
5. Australia has a healthy btc economy e.g. you can buy 4wd racing cars right through to a cup of coffee on a smart phone QR reader
6. Cool people reside in Australia, namely me Grin

gmx95

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Quote from: bluemountain on July 23, 2014, 08:02:04 PM

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

Do you know that many banks in the US do not have SWIFT codes and do not know how to send or receive international wire transfers? I wouldn't call it the most advanced economy and the banking system :-)

gmx95

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I think its a 22 dollar question: you can open an exchange in Zimbabwe for example and nobody would probably bother you there and with the right marketing it can work just fine, but then on the other hand serious customers may consider it unsafe. The more industry develops the more the would be calls for it to be regulated, so customers may start asking exchanges these questions, because it makes them feel more safe.

qiuxiang

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British Virgin, how does it sound?

moko666

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seychelles

easy to get a financial company license if you want your company registered

ukwarren

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Quote from: arbitrage001 on July 23, 2014, 04:58:14 AM

Hong Kong and Singapore.

Thank you

AliceWonder

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Quote from: tmbp on July 23, 2014, 04:54:56 AM

What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

For me, for USD -> BTC the safest exchange is America because I live in America so if there is fraud, me being American and the exchange being American means I have an easier time with legal recourse.

dquancey

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The UK is as good a place as any in my opinion.

HMRC have legalized BTC and scrapped taxes for business that deal bitcoin to one another too.

Then only charge tax on the BTC you are wanting to withdraw from your business, if you decide to convert to GBP.

michaelwang33

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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 concern for bitstamp is the fact that they are located in a very politically and economically unstable part of the world.

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

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

3x2

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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

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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

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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!

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

BowieMan

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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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Quote from: blatchcorn on July 23, 2014, 07:32:11 AM

'MERICA

yea, for Sure lol Cheesy

blatchcorn

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'MERICA

TrailingComet

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I would say Germany and maybe Denmark

tmbp

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Quote from: arbitrage001 on July 23, 2014, 04:58:14 AM

Hong Kong and Singapore.

http://www.bloomberg.com/news/2014-03-13/singapore-to-regulate-bitcoin-operators-for-money-laundering.html

arbitrage001

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Hong Kong and Singapore.

BitCoinDream

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The revolution will be digital

Quote from: tmbp on July 23, 2014, 04:54:56 AM

What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

Try to open it in a country, where most of the people have never heard of Bitcoin and not going to use them in near future, e.g. Afghanistan.

tmbp

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What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

Topic: Safest country for exchange? (Read 5109 times)