It's interesting that, three of the four BRIC nations (Brazil, India, China, Russia), seen as the key emerging economies, are Bitcoin-Hostile...at least according to this map.
Brazil being the one of the four that is Bitcoin-Permissive.
Any thoughts on this?
Those countries have more to fear from exodus of capital than they could expect to gain from e.g. new high-tech companies (which will probably be established elsewhere anyway).
Countries that have exchange controls are far more likely to be hostile to Bitcoin. The stricter the exchange controls the more hostile the country is likely to be. The best example of this is Iceland
http://bitlegal.io/nation/IS.phpEdit: Brazil does not have exchange controls.
As a general guideline, the RMCCI allows legal entities and individuals to purchase and sell foreign currency and perform international transfers in Brazilian Reais, regardless the nature of the operation, with no restriction with respect to the amount involved therein.
http://www.deloitte.dbbrazil.com.br/show.aspx?idCanal=JHbAuQG9bBPQgRB4b/RKqA==