Post
Topic
Board Bitcoin Discussion
Re: BitCoin Friendly Countries
by
equator
on 11/12/2016, 20:24:19 UTC
Singapore is one of the most Bitcoin-friendly countries. Switzerland is another one. The government tolerates the use of Bitcoins. On the other hand, a guy was detained in France after a policeman heard him uttering the word "Bitcoin".
most of the european countries like sweden, denmark, netherlands are bitCoin friendly.
While most of the Asian and African countries does not. There are too many third world countries and they are still under developed. They are too obsolete to accept new technologies and gadgets. The government believe that Bitcoin can destroy the whole politic system so they decide to ban it without any reasons.

I don't think that third world countries have anything fundamental against new technologies or gadgets. It is more to do with losing control. These countries like to control everything, especially monetary policy. Bitcoin would hit at the fundamentals of that.

What you are saying is correct to some extent but i dont think that is fully right, in India their is no law on bitcoin as if you are using bitcoin and showing it in tax with correct info their is no problem, they are giving problem to the persons who are not using bitcoin in legal way.