Post
Topic
Board Legal
Re: Best Countries for Bitcoin Businesses
by
margrettco62
on 16/10/2017, 16:11:54 UTC
What are the best countries in the world to start and run bitcoin businesses?  For example, crypto-equity exchanges, bitcoin gambling, sites like purse.io, etc.  Are there any like this that welcome these sort of businesses and can these businesses avoid scrutiny from foreign regulators or do they still have to comply with the regulations affecting their customers?  Thanks!

You should choose countries where Bitcoin is legal as:
Japan: Bitcoin in Japan is a big trend. Japanese government has a positive stance in relation to the Digital currency, in spite of the Mt. Gox Bitcoin’s $460 Million Disaster. Back in March 2014, Japanese authorities ruled out that Bitcoin must be self-regulated. Presently, the country is striving to ensure the safest transactions in Bitcoin.
Singapore: The government of Singapore has declared Bitcoin as a good to buy another, thus determining the taxation need. The Monetary Authority of Singapore also obliged exchanges and ATM provides to Green list, similar to the French Bitcoin law.
Switzerland: The Swiss are now moving towards regulation of Bitcoin slowly and steadily. The government has classified the digital currency as a foreign currency.