Post
Topic
Board Beginners & Help
Re: which country to establish a crypto business?
by
Harlot
on 20/07/2020, 12:27:43 UTC
Anyhow, I'll just leave a link that contains countries where bitcoin is legal.
[1] https://www.investopedia.com/articles/forex/041515/countries-where-bitcoin-legal-illegal.asp

I don't know how accurate this article is but this is simply has an incorrect information about China.

China
Bitcoin is essentially banned in China. All banks and other financial institutions like payment processors are prohibited from transacting or dealing in Bitcoin. Cryptocurrency exchanges are banned.16 The government has cracked down on miners.

Surprisingly Investopedia has a wrong information with regards to China that is why I think some of their information of the article are also not reliable as well. Crypto is Illegal on popular belief but the truth is cryptocurrency might even be considered as a crypto-friendly country. China is home for two of the top crypto exchange by volume namely Huobi and OkEX that operates locally in China. Aside from that China is also home for mining rig manufacturers such as Bitmain not to mention China also has a lot of mining pools contributing the total mining power for Bitcoin. For the OP I suggest that if you are targeting a country the best thing you can do is to do your own research as well as asking the locals for their knowledge about the situation.