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Author Topic: Best Countries for Bitcoin Businesses  (Read 6947 times)
edric
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September 28, 2015, 05:11:25 AM
 #1

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!

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September 29, 2015, 11:12:14 AM
 #2

my bitcoin business in Indonesia and open the local
exchanger. Here quite prospects

irfan01
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September 29, 2015, 11:14:49 AM
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Best Countries for Bitcoin Businesses is a country that legalized the use bitcoin so you can be free
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September 29, 2015, 11:20:05 AM
 #4

Probably the island of Isle of Man will be fit to your criteria. This self-governing British Crown nation could be a true paradise for cryptocurrency's business.
http://www.newsbtc.com/2015/03/17/isle-man-set-become-official-bitcoin-island/

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September 29, 2015, 01:07:54 PM
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Probably the island of Isle of Man will be fit to your criteria. This self-governing British Crown nation could be a true paradise for cryptocurrency's business.
http://www.newsbtc.com/2015/03/17/isle-man-set-become-official-bitcoin-island/

Unless you're all BTC you need a bank account. Although they're semi autonomous their banking is linked to the UK and no bank there yet wants to play. You can have the friendliest environment ever but without banking it's pretty pointless.

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October 04, 2015, 11:04:35 PM
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I think that Switzerland would be a good place to open a bitcoin business in. They have strong privacy laws which would protect your users, and Switzerland is also a Financial hotspot in europe.

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October 07, 2015, 10:32:27 PM
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Probably the island of Isle of Man will be fit to your criteria. This self-governing British Crown nation could be a true paradise for cryptocurrency's business.
http://www.newsbtc.com/2015/03/17/isle-man-set-become-official-bitcoin-island/

I've heard of this, but does anyone on here know the living costs of living there? I'm currently on a hunt to find a new refuge to move too... I'm tired of being in the U.S. and looking to move to a nice place to live, and being in a place that accepts bitcoin as a currency sounds like a good place to go too. I looked up some pictures of the place and it looks very nice. Does anyone else know of more information about here?

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October 08, 2015, 02:59:58 PM
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I think that Switzerland would be a good place to open a bitcoin business in. They have strong privacy laws which would protect your users, and Switzerland is also a Financial hotspot in europe.

Yeah that is true. Switzerland is the fianasol hospot in europe but did their banks accept bitcoin? I didn't read any news about that before.

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October 11, 2015, 07:39:17 PM
 #9

I would also add Netherlands to the above mentioned Switzerland and Isle of Man. Netherlands is by far the most open minded country and the country where Bitcoin adoption has advanced the most in comparison with the number of its citizens.
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October 29, 2015, 04:02:48 PM
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I think that Switzerland would be a good place to open a bitcoin business in. They have strong privacy laws which would protect your users, and Switzerland is also a Financial hotspot in europe.

Yeah that is true. Switzerland is the fianasol hospot in europe but did their banks accept bitcoin? I didn't read any news about that before.

Our authorities decided not to regulate it at the moment. But our banks doesn't accept bitcoin directly. We have exchange plateform, like everywhere else and you are free to use bitcoin. But bitcoins earning are subject to federal taxation (like every fiat earning..).

But it's true we have several BTC business coming here (Xapo for exemple...)

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October 29, 2015, 04:19:48 PM
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Depending on what you mean by country being good for bitcoin business.

2 things I consider the most important is the VAT situation and being able to open a bank account.

With the European Court ruling on VAT this week, it seems that any EU country should be a good base.
Until now UK and Switzerland were the only countries in Europe where it was clear that bitcoin transactions are not subject to VAT.

In the UK it is notoriously difficult to open a bank account if you are running a bitcoin business.
Countries where banks are more bitcoin-friendly include Germany, Slovenia, Czech Republic, Poland and Estonia.

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October 30, 2015, 01:20:58 PM
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Well in India no one cares about what do you do till earn some really massive amount. So you can start business in India also.
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October 31, 2015, 03:32:04 PM
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Best Countries for Bitcoin Businesses is a country that legalized the use bitcoin so you can be free

no, i think the best one would be a country where bitcoin is free to use, because not regulated at all

with this you can avoid possible taxes and other crap like that
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October 31, 2015, 03:40:54 PM
 #14

Indonesia is somehow good country for bitcoin businesses, government & bank central don't acknowledge bitcoin, but they let bitcoin-related business running.
They don't really care about bitcoin as long as you also accept fiat as payment method.

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November 03, 2015, 06:07:51 AM
 #15

switzerland is haven for fiat and bitcoin, so i think it is best place for bitcoin businesses Smiley
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November 03, 2015, 10:22:48 AM
 #16

switzerland is haven for fiat and bitcoin, so i think it is best place for bitcoin businesses Smiley

How are Swiss banks looking at bitcoin businesses wanting to open accounts with them ?

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November 03, 2015, 04:15:53 PM
 #17

China is a place to trade bitcoin. The trade volume there is quite high even if you discount that by 95%.

Most bitocin miners are made in China as well. It has most of mining operation in the world.
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November 22, 2015, 12:34:46 PM
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Any country where it's not banned or made illegal. Countries like Chine or Indonesia would be good
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November 23, 2015, 10:43:39 PM
 #19

I guess China and Hong Kong, because of their large exchanges.

But since Switzerland also condone bitcoin they make a good no 2.

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November 24, 2015, 01:07:22 AM
 #20

i'm from Montreal city in Canada. there are around 6-7 atm machines and there is also a place in our city that acts like a hub.
here is the website if you guys are curious .
http://bitcoinembassy.ca/

and at the top right of that website,there is another interesting website that i invite you all to discover. pretty interesting concepts.
https://bylls.com/

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