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Author Topic: Best Countries for Bitcoin Businesses  (Read 6820 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

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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
 #8

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
 #10

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
 #11

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
 #12

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
 #13

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
 #18

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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December 02, 2015, 09:15:33 AM
 #21

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


The use and trade of Bitcoin are not banned in Hong Kong. In fact, there are a number of businesses that accept payment in bitcoins. But authorities will not tolerate the use of bitcoins in money-laundering or other criminal activities. As a reputable exchange based in Hong Kong, this means we have to apply strict AML and KYC procedures. In this way, traders on our platform are guaranteed that their trades go smoothly.

Update: If you start a business in Hong Kong dealing with bitcoins, you may want to read up on this: http://e27.co/will-new-regulations-affect-fintech-startups-hong-kong-20151123/

Check out our exchange: https://gatecoin.com

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December 03, 2015, 03:59:05 PM
 #22

i think my country indonesia also including the best country for bitcoin businesses because the volume trade always be increasing every day and including the top 10 biggest bitcoin market in the world currently

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December 11, 2015, 03:43:59 PM
 #23

All offshores in general will be great to deal with bitcoin. The Isle of Man has been a safe haven for bitcoin for some time now. However, they are now trying to regulate digital currencies but these regulations will be slight and won't have much affect on the way you can do business with bitcoin in thhe Isle.
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December 13, 2015, 06:25:59 AM
 #24

Therefore i would prefer a Coutnry which accepts the Bitcoin but also have an good Infrastrukture.
Switzerland has all this but only one fact is anoyying myself. Everything is very very expensive in switzerland.

So for me it would be nice to do an Buissness where you can get easy food for low prices, like in Poland.

regards
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December 13, 2015, 08:00:11 AM
 #25

All offshores in general will be great to deal with bitcoin. The Isle of Man has been a safe haven for bitcoin for some time now. However, they are now trying to regulate digital currencies but these regulations will be slight and won't have much affect on the way you can do business with bitcoin in thhe Isle.

Personally, I would love to start learning more about the Isle of Man from a personal stand point and not just from google searches. Are there anyone who actually lives there right now who want to shed some light about daily life there and why they are there, whether it be for cryptos or other reasons? I'm currently in the process of trying to decide if it would be beneficial for me to move to a place like the Isle of Man.

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December 18, 2015, 11:45:39 AM
 #26

If its betting or gambling. Isle of Man would be a good bet.

The UK regulators have been very forward thinking and open towards bitcoin. More then the US.

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December 18, 2015, 01:10:22 PM
 #27

China and united states, has the most users of bitcoin, this is certainly very profitable to do business
and i think vancouver cannada have many comunnity of bitcoin

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December 18, 2015, 01:15:01 PM
 #28

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.
Agreed, as a neighbour (Belgian), I use a lot of Bitcoin related services that are located in The Netherlands.
i have to admit that Belgium is quite a bit behind, in terms of adoption and number of services that are available. 


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October 05, 2017, 03:58:55 AM
 #29

The UK! Although I've seen companies base out of exotic islands in the carribean, Bermuda, and even the US. Just depends what you're trying to do and if it violates the laws.
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October 05, 2017, 04:57:35 AM
 #30

In my opinion, Japan is the best country for crypto-currency business. There, the government has always been friendly to the crypto currency and the measures taken are systematic and consistent. Recently, the US intends to conduct similar measures to resolve the crypto currency. Let's see what happens from this. I would like that this

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October 05, 2017, 06:21:37 AM
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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
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.
Italy:  Italian government believes that certain regulations and oversight is necessary in relation to Bitcoin transactions. This is done in order to prevent the use of digital currencies in illegal activities.
Moreover: Switzerland, Belguim, United Kingdom, Cyprus, Canada where Bitcoin is legal.
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October 05, 2017, 06:39:28 AM
 #32

Bitcoin is legal in the United States, partially

The US has adopted a positive stance in regards to Bitcoin. Meanwhile, it also has ordered several government bodies to assure that transactions in Bitcoin are carried out only in legal terms.

In fact, the US Department of Treasury’s Financial Crimes Enforcement Network (FinCEN) has been issued special guidance on the digital currency since 2013. It has classified the Bitcoin as a money services business (MSB). Moreover, the Bitcoin has made it to the US derivatives markets.

Bitcoin is legal in Canada

Canada’s relationship with Bitcoin is similar to that of the US. The country’s Canada Revenue Agency (CRA) has classified this digital currency as a commodity. This implies that transactions in Bitcoin are perceived as barter transactions. The income generates by these transactions is considered to be the business income. The taxation of Bitcoin is depending on its nature.

Bitcoin exchanges in Canada are also subject to the anti-money laundering (AML) laws. Moreover, the exchanges are obliged to register with Financial Transactions and Reports Analysis Centre (FINTRAC).

Australia calls Bitcoin a non-harmful mean of the transaction

Australia continues our list of top countries where Bitcoin is legal. Australian authorities perceive Bitcoin as a non-harmful mean of the transaction, thus allowing trading, mining and buying Bitcoin across the country. The Australian Taxation Office (ATO) is classifying Bitcoin transactions as a barter ones. Therefore, they are subject to related taxation law.


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October 05, 2017, 08:10:40 AM
 #33

You should open your business in Japan. Now that China is having issues about the regulation and etc, it looks like now that Japan is taking the lead in the cryptocurrency business.

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October 05, 2017, 08:17:32 AM
 #34

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!


For me Best countries are:

-Japan

-Korea

-Indonesia

-Italy

-France


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October 05, 2017, 08:29:38 AM
 #35

Japan would be on my number one list if I have to choose a country for establishing a bitcoin business overseas..
Then Philippines for the many good reviews about bitcoin situation not legalized but too much freedom and very open for bitcoin transactions and cryptocurrency trades.. Last maybe I would give that spot to USA,, not my favorite country anyway but strict regulation is sometimes a must and I think the Americans are easy to be as an investors than any nationality.. It all just base on my observation and any inconsistencies are unwanted..

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October 05, 2017, 07:03:57 PM
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Singapore, Switzerland, Japan
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October 06, 2017, 02:28:55 AM
 #37

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 could try bitcoin businesses here in the Philippines where bitcoin was not a legal but not banned.In fact our local bitcoin wallet exchanges is operating smoothly with partnership of most reputable establishments and banks here. You will may apply your business here legally like your gambling online sites thru our game and amusement boards then pay the business permit and corresponding taxes to ensure smooth operations of your business.

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October 06, 2017, 07:46:13 AM
 #38

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!

i think japan is the best place for bit coins business. satoshi nakamota introduced this bit coins. so here very one knows about bit coins. so my choice is japan. actually in japan i had friends. so their suggested  me to start bit coins business in japan. present i have to planning to start bit coins business in japan. if any one giving me suggestions i'll try to listen that.
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October 06, 2017, 03:23:16 PM
 #39

Bitcoin is used on the Internet so it seems to me that there is no difference in what state is your business. In order to navigate to what bitcoin will make the restaurants and shops you need to pass a stage when all Internet shops will do it. While we do not see. So it's still early to talk about the business in the country.

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October 06, 2017, 04:39:59 PM
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no one country legalyzed the cryptocurrency and it's very dangerous to have any deals w it. But in many countris you can use it promptly
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October 06, 2017, 05:35:33 PM
 #41

I do not believe that it is now possible to find many willing to do business with bitcoins. It does not depend on the country in which you want to start such a business. Bitcoin is now a full-fledged currency. Users turned it into an investment and don't want to part with their bitcoins. Your business will suffer from a lack of buyers in any country.

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October 06, 2017, 07:20:53 PM
 #42

Japan is Best one Because NO ban many users use bitcoin have high trading country


France no ban and many users use bitcoin from france


Germany other good place to start your work


Korea , china (prefer for mining) and US
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October 08, 2017, 05:04:30 PM
 #43

I think the best country to do bitcoin business is japan.
The Japanese government passed a law for bitcoin and the Japanese government has confidence in bitcoin, which automatically strengthens users to start business in the country.
Already many large companies in Japan are beginning to plan to install bitcoin payment software in all Japanese outlets to facilitate every bitcoin user.
Now Japan has surpassed the btc / usd market and is the best place for someone to start a bitcoin business in the country.

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October 08, 2017, 06:46:05 PM
 #44

If you are going to be dealing with aspects of bitcoin which will not be regulated under existing financial services laws - i.e. securities, funds etc - then Gibraltar may be the place.

There are new regulations coming in and it has been home to a good amount of ICOs. The regulations coming up have been in the works for some time, years even, and will be targeted at DLT businesses. Gibraltar has done well in regulating other 'wild west' industries in the past. For example it regulated gaming in the late 90's and became the jurisdiction for online gaming operators to base themselves in.

There are also a few other good benefits apart from just regulatory - in the EU, uses the pound, potential access to bank accounts, 10% tax on profits.

Shoot me a message if you want to know more.
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October 09, 2017, 12:54:50 AM
 #45

The best countries are those who have no laws about bitcoin and where you have to pay only a very law tax rate, hence we speak about the known tax heaven offshore locations like Panama, Belize, Seychellen and many more.

As in online gambling, those businesses don't have to follow foreign regulations, but only the local regulations.

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October 09, 2017, 01:21:26 AM
 #46

Policy and regulations have changed a lot since the topic started. Not only need consider regulations intensity, we need also consider the stable of regulation, whether the law is clear to run such business,  how the local view/accept cryptocurrency, the population of the area, etc. So I don't think the "small" one is good place to start your cryptocurrency business.
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October 15, 2017, 06:49:53 AM
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I see Japan and Australia as a good opportunity for making btc related business. There are some countries that already accept bitcoin but I noticed that these two countries accepts crypto with arms wide open.

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October 15, 2017, 07:39:31 PM
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The best countries for doing business in Bitcoin should be those countries that recognized Bitcoin as a legitimate means of payment and provided normal conditions for its circulation inside the country, as well as judicial protection in case of violation of the rights of the owners of bitcoin. This is primarily Japan Canada, to some extent the US, Australia, Sweden, Denmark and many other countries. The number of such states is increasing every day.

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October 15, 2017, 09:54:31 PM
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The best country for crypto business should be Japan. This country attracted the most of traders and traders after Chinese banning. Japan as always on the top of progress among other countries. I would like other countries do the same about crypto, but not just ban it.

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October 15, 2017, 10:27:27 PM
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   https://yabtcl.com/?ref=65086
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October 16, 2017, 12:17:10 AM
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Basically anywhere where bitcoin is legal. But you have to remember the obstacles that come with opening a business in another country. Find a professional to do that for you
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October 16, 2017, 01:10:17 PM
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   https://yabtcl.com/?ref=65086
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October 16, 2017, 01:30:06 PM
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   https://yabtcl.com/?ref=65086
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October 16, 2017, 04:11:54 PM
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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.
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October 18, 2017, 02:19:44 PM
 #55

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!
I think the best countries to start and run bitcoin business will be USA and Australia and China and Japan as major market of bitcoins are revolving in these countries . other countries are still emerging in cryptocurreny trading. But the best option according to me will be United States Of America and Japan.

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October 19, 2017, 05:19:36 AM
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i would like to know how good is Denmark for bitcoin business?
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October 19, 2017, 03:45:39 PM
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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.

All countries are good for bitcoin businesses as long as the authorities on that country didn't classified it's use as illegal. Bitcoin is still considered as new and businesses are not that much yet, more opportunity are still available,

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October 19, 2017, 11:20:35 PM
 #58

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

Yes, these countries without regulamentations over Bitcoin are the best to have businesses as you won't have bureaucracy. There is only a negative point: The regulamentation can come anytime if the country's command wishes and when it comes you won't have how to run from it... Or you close the business or you adequate yourself on the new rules. It's an unstable situation.

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October 20, 2017, 07:44:26 PM
 #59

At the present time, the best countries for doing business in Bitcoin are those countries that in the legal field, through the adoption of relevant regulations, have recognized Bitcoin and other crypto currency as the legal tender in this country and have established the optimal rules for its circulation in the country. To date, such countries are Japan, Canada, USA, Australia, Sweden, Denmark and many others. It should be noted that the number of such countries increases with time, and I do not know of any country where Bitcoin and other crypto currency would be banned in a particular country. Recently, China has tried to limit and prohibit its own crypto currency, but nothing has come of it.

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October 25, 2017, 11:26:29 AM
 #60

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!
Japan suitable for bitcoin businesses. Japan has accepted bitcoin. Bitcoin activity in Japan is legal. This move is the main reason for the strong bitcoin market in Japan. Therefore bitcoin businesses should expand the market to Japan

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October 25, 2017, 11:40:40 AM
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Bitcoin is now at its hike of popularity millions of people are involved in this business.Bitcoin is the most known trusted one. People are exploring the technology in bitcoin, it is an independent cryptocurrencies. The best countries that legally accepts bitcoins are US,Canada,Belgium, here the transactions of bitcoin is perceived as barter transactions.Australia is one of the top countries where bitcoin is legal ,in Europe they have developed their own vision .In U.K they are favouring bitcoin friendly and in Switzerland the government has classified it as a foreign currency.Italy,Netherlands,France,Singapore,Japan, etc;also uses bitcoins.
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October 25, 2017, 12:45:56 PM
 #62

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!
Japan suitable for bitcoin businesses. Japan has accepted bitcoin. Bitcoin activity in Japan is legal. This move is the main reason for the strong bitcoin market in Japan. Therefore bitcoin businesses should expand the market to Japan

Japan and Australia are the both countries till now accepting Bitcoin as payment. I think those countries are doing legal business with Bitcoin. I think Bitcoin business will expand to other countries also very soon.

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October 25, 2017, 01:26:19 PM
 #63

well, my opinioin is that Russia may be a very good option for a bitcoin business since Mr Putin stated to fully legalize bitcoin by bringing in a bill about blockchain tax yesterday
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October 25, 2017, 02:06:26 PM
 #64

A country with no tax on cryptocurrency, America has a tax on bitcoins, but no one really pays it. Also if your mining, a cold country would save you a lot of money. Like Iceland, or Norway or Sweden.
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October 25, 2017, 03:11:32 PM
 #65

I think the better countries are where there are already bitcoin users with many potential new users. New users will get access to opportunities associated with cryptocurrency and business owners will also gain benefits that they won't with old ones. Owners can even reduce the cost of risk.
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October 25, 2017, 03:33:35 PM
 #66

I think the best country for bitcoin businesses is Russia!
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October 25, 2017, 03:58:19 PM
 #67

As of today Singapore is one of the best to do business for bitcoin, currently the central bank of Singapore announces that they will not regulate the digital currency but, they will have to monitor the money laundering activities.

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October 25, 2017, 04:01:05 PM
 #68

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!
right now if you want to start a bitcoin business start from Zimbabwe.
basically their own currency is gone now.and every people there use bitcoins as their primary currency.
So yeah you can basically start everything there poker ,gambling what not.
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October 25, 2017, 05:16:21 PM
 #69

I think that now there are no countries where business is free to use bitcoin. This is not because the state prevents this. People do not want to waste your coins. If there is no demand then the sentence makes no sense. I think that until the price of bitcoin will rise no chance for it to be used in trade.

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November 04, 2017, 07:19:46 PM
 #70


Well , the very simple answer to this question will be that the countries where there is no fear to use bitcoin are the best countries for bitcoin business .
Many such countries such as USA , Canada , Australia does not consider the use of bitcoin as an offense and have positively accepted bitcoin .
The wear and tear of taxes and regulations are not associated with the countries which legalize it .                                          


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November 04, 2017, 09:33:08 PM
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You've all heard of the Switzerland banks and its no different for Bitcoin Switzerland is one of the best places to operate a business no matter what currency.
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November 05, 2017, 02:55:34 AM
 #72

Japan is one of the largest bitcoin markets in the world. Now about 60% of bitcoin trade takes place through the Japanese market. The bitcoin trade volume in Japan jumped after the enactment of the law in the country which recognizes bitcoin as a legitimate payment instrument. US bitcoin market became the largest market after Japan, accounted for about 25% of total global transactions. During infancy bitcoin, most bitcoin trade is done in USD.
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November 07, 2017, 04:53:16 AM
 #73

Wikipedia could be a good reference point https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
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November 07, 2017, 06:16:47 AM
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well, my opinioin is that Russia may be a very good option for a bitcoin business since Mr Putin stated to fully legalize bitcoin by bringing in a bill about blockchain tax yesterday

I think they are cutting taxes on Bitcoin buying and selling may be. Yes, if they do that then it is going to be very good because people can happily transfer Bitcoin without any problem. Now people afraid only because of government whether they will keep them in jail for doing business with Bitcoin.

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November 07, 2017, 08:57:28 AM
 #75

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!
Japan suitable for bitcoin businesses. Japan has accepted bitcoin. Bitcoin activity in Japan is legal. This move is the main reason for the strong bitcoin market in Japan. Therefore bitcoin businesses should expand the market to Japan

Japan and Australia are the both countries till now accepting Bitcoin as payment. I think those countries are doing legal business with Bitcoin. I think Bitcoin business will expand to other countries also very soon.

This is the only 2 countries that have so far legalized bitcoin so it makes sense to put up your business in those. Specially Japan, they are now the market leaders in terms of acceptance and trading volumes. However, If my memory serves me right, they have cut tax on crypto specially on bitcoin. So there is no doubt in my mind that opening a business in those 2 countries are very good.

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November 07, 2017, 10:27:17 AM
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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 never heard of it but as I've read the article it is really a great jurisdiction to operate bitcoin businesses and apart from that they have act that safeguards whoever runs a bitcoin business there, what a good place to start with.

I think there are many countries that are good for bitcoin businesses especially the countries that bitcoin is legal just like Japan, South Korea, Canada, most part of Europe and a lot more since I just heard few countries that bitcoin isn't legal or prohibiting to use it. Here in Philippines, few are starting to know what these digital currency is and starting a business relating to bitcoin would be great way also to make it happen.
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November 07, 2017, 11:52:39 AM
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It seems to me that it is too early to talk about business with bitcoin. Any business requires stability. Bitcoin cannot now provide. It seems to me that there should be even a single year before bitcoin can be used in business. So I think that in any country there will be problems. It seems to me that bitcoin is now in stage of development. He created more for personal use than for business.
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November 07, 2017, 01:30:31 PM
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As of today Singapore is one of the best to do business for bitcoin, currently the central bank of Singapore announces that they will not regulate the digital currency but, they will have to monitor the money laundering activities.

Along with Singapore I will also place the Japan to the best country who supports btc fully and one of the countries who has legalized the btc for their citizens. Its a nice way where people are known that btc is legalized. Because majority of the countries still are unsure about what to do with it.

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November 07, 2017, 02:31:47 PM
 #79

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!

Best countries is Japan (new bitcoin leader ) because they can support mining , trading and finally exchange to cash .

Russian also best country  , Dubai ,India , China and UK
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November 07, 2017, 03:11:25 PM
 #80

A legal BTC-friendly environment is one little part of the problem. I see many people have replied Japan. I say maybe, but if you aren't Japanese and if you don't speak Japanese, you'll find Japan a pretty difficult place to start a business.

You should also ask:
What country makes it easy for a foreign investor to start a business?
Does the country follow standard accounting?
How much reporting is legally required?
Can it be in English? Can it be done online?
etc...
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November 07, 2017, 03:37:54 PM
 #81

After China ban ICOs and shut down all the Cryptocurrency exchanges - Japan and Singapore are the newest "hotspots" for starting up Bitcoin businesses in Asia region.

While in Africa, Zimbabwe would be the best choice, as the popularity and acceptance of Bitcoin is increasing rapidly over there now...

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November 07, 2017, 03:41:57 PM
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A bet for China as well because they have the biggest market due to their population and the growth of their economy. Philippines is also a good choice Tongue

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November 07, 2017, 04:55:41 PM
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A bet for China as well because they have the biggest market due to their population and the growth of their economy. Philippines is also a good choice Tongue
The pace of development of China's economy has decreased significantly. It seems to me that it is impossible to rely on one country even if we are talking about China. Fortunately bitcoin has no borders and if China does not want to participate in the crypto economy, their place will be taken by other countries. The market will regulate everything itself.

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November 07, 2017, 05:35:25 PM
 #84

A company has only to comply with the laws and regulations where it's registered, because you can't run a business while you have to consider thousands of laws from other countries. And to consider all the laws of other countries would also require to speak and understand all the languages of those countries and that is impossible.

In general all countries that have no specific laws in relation to bitcoin are interesting but as you already mentioned bitcoin gambling, offshore gambling countries are surely a good location for such activities.

Some people might will say why not go to a country where it's already regulated, but in this case you have often to fill out a ton of papers and pay fees and taxes!

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November 07, 2017, 07:19:02 PM
 #85

Then without a doubt the best countries to start Bitcoin businesses are the countries that recognize Bitcoin as a payment and you can see it here https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory. Regulations of a country is a must in building your own businesses so you just need to comply to their wants and you are all good but you must also think of a best strategy to what is your target market and is it worth invest for to go abroad just for finding a business that accept Bitcoin.


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kimochidesh
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November 09, 2017, 10:01:49 PM
 #86

I Think Singapore, Malaysia, and India are the best opportunity available to expand BTC Business in ASIA.
In Africa, Zimbabwe and South Africa. In South America, Brazil is the best opportunity as it is world leader in drug generation and export.

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November 10, 2017, 06:14:40 PM
 #87

I think that the best country for Bitcoin is China ,
China has a big market . Japan is also a good choice , they have a new Bitcoin leader , they can support mining , training and finally exchange to cash .
Russia , UK , Dubai , India are also a good country for Bitcoin.
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November 10, 2017, 07:27:52 PM
 #88

i recommended japan because my friend start project about bitcoin and he gain a lot of money generally Asia countries is good 
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November 10, 2017, 11:18:02 PM
 #89

Bitcoin is a universal currency that is accepted any where in the world or country and I guest any country you where now. Invest on bitcoins and it appreciate every day.
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November 10, 2017, 11:30:30 PM
 #90

I do believe Japan and possibly the middle east countries. The rich ones that have become interested in bitcoin ever since it is worth gold as of now.
They began to allow purchasing of land and homes there now using it so that is sure sign that they are beginning to acceptable it and view it as a form of payment for goods.
Which is always a step in the right direction when it comes to countries accepting it.

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November 11, 2017, 05:04:41 AM
 #91

Asia is a big country so i think they have all things about bitcoin like mining,trading site and some gambling site.But i think the best answer here is if you know bitcoin that's alright even you earn big or small that is still earnings,this is the base of extra income so even your country are big or small bitcoin is bitcoin that's all we can earn here

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November 11, 2017, 07:48:03 AM
 #92

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!

There Are so Many country that you can start and run a bitcoin Business, We have Here The First,Second, Third World Country. Exchanges are those Which in the First World Country That Has Tax in it. Second Country, Has Online Shopping Sites That Accept Through Bitcoin Payment. Third World Countries are adopting Bitcoin Through Wallet Sites. But First and Foremost before doing business it should be Regulated within the government laws and regulations in order to be  formal and Secured.

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November 11, 2017, 09:18:40 PM
 #93

United Kingdom it's hard,

We were trading on LocalBitcoin for 2 months and now don't have a business account,  Was using Tide Bank which is a Digital Bank but they are supported by Barclays and got shut down as saying it's too risky of a business.

I am unsure if Asian countries are interested in BTC Trading as maybe the margins are good there but if no Bank wants to provide a Bank account hard to trade BTC for Fiat.

While the UK Government and Bank Of England have had a consultation about Crypto Currencies but the banks don't want to do anything about it which is normal for them I guess!

Thanks

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November 12, 2017, 03:56:58 AM
 #94

If you want to build a business using bitcoin as mode of payment you should choose the country which are bitcoin was already accepted and there find an area where bitcoin is more popular and most people traffict to make you business much easy to access by more people.
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November 12, 2017, 03:45:02 PM
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If you want to build a business using bitcoin as mode of payment you should choose the country which are bitcoin was already accepted and there find an area where bitcoin is more popular and most people traffict to make you business much easy to access by more people.

Yes, I agree with your statement. Nevertheless, choosing only countries that already accepted Bitcoin is a clear limitation of your growth as an entrepreneur and will consequently affect the competitiveness of your business. Simply put, while it is best to start a business in a place whereby Bitcoin is readily accepted, it would be even greater to pioneer Bitcoin in a place where it is almost impossible to create an impact about it. I am here talking about risks and how lovely it is to start onto something thereby educating many of our youth. 

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November 13, 2017, 05:35:31 PM
 #96

I think Switzerland & Indonesia is the best countries for Bitcoin Business.Already this countries people fully involved in crypto currency platform & they will be successful in Bitcoin industry.Although China & Philippines is most popular country for Bitcoin Business i think.

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November 14, 2017, 03:33:12 AM
 #97

You should choose the country which are bitcoin was already accepted and  those who have no laws about bitcoin. I think that  japan , Switzerland & Indonesia is the best countries for Bitcoin Business.



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November 14, 2017, 05:59:52 PM
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It seems to me that the best country for business bitcoin is not a country where legalized bitcoin. The best country is where the government pays no attention to the cryptocurrency. I support the idea that the government controlled only Fiat. They ditched the Fiat and now I want to do the same with bitcoins.

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November 14, 2017, 09:35:51 PM
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The Philippine Central Bank has open and good relationships among the Bitcoin exchanges.
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November 16, 2017, 09:41:07 AM
 #100

All countries are best for bitcoin businesses as long as the country did not identify it as illegal. In order for Bitcoin to be a global currency more and more business that accepts it should be made and not most of the countries have it available.

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November 16, 2017, 12:15:32 PM
 #101

Switzerlaaaaaand!🇨🇭🇨🇭🇨🇭🇨🇭🇨🇭

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November 18, 2017, 03:38:44 AM
 #102

I think Japan,United State, Great Britain and China has the center of all bussines then all investor are there so you can start there asking bitcoin businesses if they have.

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November 18, 2017, 07:25:08 AM
 #103

Switzerlaaaaaand!🇨🇭🇨🇭🇨🇭🇨🇭🇨🇭

I would add Japan and Singapore as well. These nations are also very friendly as far as Bitcoin is concerned. Russia is also shedding its hostility towards Bitcoin and trying to attract BTC-based businesses and mining ventures in to that country. Let's see how that progresses. 2018 is going to be a crucial year. Many more nations are going to legalize Bitcoin.

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November 18, 2017, 09:39:09 AM
 #104

The best country for bitcoin business I think the first is the United States of America, then followed by Japan afterwards.
Bitcoin originated and developed in the United States at first, I think this is what makes bitcoin's developments of this country much better when compared with other countries. Of course all things related to bitcoin, developments, popularity, supports, and all of bitcoin's businesses of course more prominent in this country. There's no doubt anymore if in this country bitcoin was more popular and more knowed by all people.

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Today at 11:30:52 AM
 #105

Any country is good for bitcoin businesses since Bitcoin is created to become a currency and might replace fiat in the future.
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