Bitcoin Forum

I am living in Canada and its so great that Canada has been attracting digital money companies to invest. Bitmain, the world's largest Bitcoin operator, is considering moving its operating office to Canada. At the same time, Hydro Quebec (Canada) negotiates with about 30 Bitcoin operators on their migration plans. How about your countries?

sounds cool

I can not say that Canada is the best place for BTC,but certainly has great potential for mining farms due to the very favorable climate.Also in my opinion Canada is a politically stable country without some major problems(how it appears to us in Europe).

By what I read Hydro Quebec will offer miners the cheapest electric energy in Canada so this in combination with cool climate will be an ideal situation for mining.I do not know what are the regulations regrading BTC and cryptocurrency in Canada,is there any tax,restrictions or something like that?

it sounds great that your country is such open to bitcoin. It means so much to have a politically stable country. I hope in Europe Bitcoin will have the same

you know it is really great that the exchanges or mining operations move to Canada and I keep my fingers crossed for you wishing you all the best. It is definitely good for Canada.

But it doesn't make the real difference for average bitcoin users. What WOULD make a real difference is places to spend bitcoin for services and products. Unfortunately, it is not going to happen with current fees. Maybe Lightning Network will help here

It is encouraging to see that some countries are willing to forge ahead and test new ground in the financial area. Switzerland is somewhere that has also embraged the idea of Bitcoin and crypto currency in general with Zero capital gains tax on trading and profits. Good luck to those living in Canada

It's not for to happen since Canada is known to be efficient in terms of energy. Big mining farms from china might target to put-up their farms in Canada as well. Its good to hear that some countries are accepting cryptocurrency.

good to hear that! finally a prominent country has seen bitcoin as an opportunity of business, not as a threat to eleminate

That's indeed a great news for the crypto community. Canada initially cracked up heavily on ICOs so that no one can use their country to pull funds from the community and cheat people and now welcoming the legal crypto businesses. Great job indeed.

My county has formed a committee to debate on the crypto related matters and Its impact on our economy. They are yet come up with a concrete decision. Our general budget is being finalised now and it will be revealed on 1st Feb this year. We are expecting something to come up for the crypto as well on that day.

that sounds good. i think it was wise decisions of your country, hope we will hear this good news of bitcoin from other countries too. but there is bad news came from my county, that openly forbid it and became headlinenews in many national newspaper.

Canada is one of the best countries to accept the existence of Bitcoin and other cryptocurrency,
they see the cryptocurrency as an opportunity not as a threat, although to the concerns of cryptocurrency in use as terrorist financing and money laundering remains there.

In my country Indonesia, there is a region popular with bitcoin, and the area is the only region in Indonesia where the number of bitcoin users is very much, but unfortunately recently the government has been investigating to the area for checking, and the government plans to closing and banning bitcoin transactions in the area.

It's pretty good to live because of your speech so it's nice to have your place in canada and then I can also come to know how to run the bitcoin.

I can say that it is also better to mining btc in Canada because of climatic conditions

Seems interesting shit but like we need more places to do this and not just Canada if we want large scale acceptance of crypto

Canada is good place for mining, there is good weather and a lot of unused energy reserves, big territory..
One official accept by government, and Canada will be capital of mining

Yeah but hydro Quebec has screwed themselves and they didn't expect this much demand. They won't even have enough power to provide to everyone so they'll need to either raise prices or turn people down. I'd like to somehow mine there but it seems like they're only giving break to massive mining farms. No idea if that's true or not.

may be true one of the best countries for bitcoin is canada.
in my country alone the bitcoin legality has not been obtained.
hopefully this year my country soon legality bitcoin like other countries.

It does seem like an ideal place for everything Bitcoin and cryptocurrency, including mining operations, I've just never heard much controversy surrounding Bitcoin acceptance in Canada it seems like a technology they're fulling embracing.

Not just good climate it also has very very cheap electricity so mining can be done pretty cheaply in comparison to other places

That's good to know that your country is open and welcoming to the idea and opportunities that Bitcoin and other crypto currencies can bring to your people, your country.  I hope this is the start of other countries to be more open minded to it, see its advantages and its great impact to everyone.

I thought Japan is the best place for bitcoin since this country is the first to adopt bitcoin in their market as well as supporting bitcoin exchanges. With the best technology I think Japan is still the one that can utilize bitcoin market effectively and will probably help it to become most popular cryptos around the world.

That's really cool that Canada is supporting cryptocurrency. In position of Canada will serve as an eye opener for other country to follow the same as Canada.

Good to hear that Canada is encouraging cryptos. It should be a lesson for other countries to follow the path and not release statements that create unnecessary FUD. Everyone will slowly accept the fact that currency has evolved to its next step and cryptos are here to stay.

Bitcoin is one of the great for investing bitcoin  because bitcoin is now a days are fully in demand in the market

May be Canada is the best place for bitcoin, but for me also in mine Philippines is the best for me because this is my country build, there's many people use in bitcoin, and support that.

Well, bitcoin in my country is bad. Only few of the people here including me knew about bitcoin. They dont know how cryptocurrencies can help us with our lives. Canada is a great place. Maybe someday when i get my passport and become stable, i would like to live in Canada and continue my bitcoin life.

wow, it's amazing, kanada will be the country with the biggest bitcoin trade, i think this will help bitcoin prices go up to higher numbers again. whether other countries like japan, malaysia, russia and other countries that manage bitcoin will fight over it?
in my country bitcoin and crypto is prohibited. I do not know when my country will be aware.

It is your luck that your country is the best place for bitcoin. Unfortunately, the bitcoin legality has not been obtained in my country yet. I am waiting for the legality of bitcoin by my government. I hope my government will support the bitcoin in soon.

I live in Canada, in some aspects it is ok, as no problems
for the mining aspect of "efficient in terms of energy"
We as a country do not have efficient energy. maybe bit in Quebec, but in general we pay a lot for power, especially here in Ontario, where it is no feasible for someone to run a big mining operation, difficult.

but in terms, so far no issues on political front

hopefully we can stay like this,

Its great that canada can be like that. Its good for itroducing more users of bitcoin in your country.
In my country, bitcoin is not legalized yet but our country not ban bitcoin. So i think something like in your country canada can not be applied here in my country.

Zero taxes on crypto seems kinda sketch to me unless ofc it’s Switzerland cause they have some of the laxest laws on shit like crypto and privacy

Ok, I'm moving to Quebec now LoL!

Canada will be best because of cold weather, but not sure about electricity cost. I live in Toronto, per month my electricity bills come about $45, from  a 2 bed room condo. So no it's not cheap, but politically stable and won't have any problem from govt.

Bitmain is moving it's entire operations there?
Because of all this talk of China banning mining there suddenly?
I can't see them moving their entire operations headquarters there since it is across the ocean.

The Quebec government has gone ahead with this but basically, it's to sell more power. They don't care about small miners, they want massive mining farms to come to Quebec so they can use more power. The problem is they now have too much demand and may not be able to go through with every mining farm that wanted to move to Canada.

This represents the political stability of your country
I also want this in my country

 Its really nice to hear when a country like canada starting to using bitcoin.crypto industry growing rapidly. This time if canadian government support bitcoin fluently to spread his community there its much better.as like as united states,united kingdom ,canada is the safest place for bitcoin i think and hope in future others country will be as safe as canada for bitcoin.

it's great because your country is very tolerant of bitcoin. it is amazing to have such a country. I really want in my country the same thing as you experience in your country.