Best Countries for Bitcoin Businesses

[pon-viet]

I think the best country for bitcoin businesses is Russia!

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[Cloud27]

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.

[procryptoguy]

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.

[Palmerson]

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.

[Domenc]

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 .                                          

[BitcoinIsAlgebraic]

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.

[Pasabm]

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.

[Shping Coin]

Wikipedia could be a good reference point https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory

[coin_1122]

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.

[Reatim]

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.

[Hexah]

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.

[Proton2233]

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.

[bitcoinisbest]

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.

[Yousint0r]

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

[countryfree]

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...

[wilhb81]

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...

[ROB18]

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

[Kronos21]

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

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.

[leonair]

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.

[kimochidesh]

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.