The Switzerland of Bitcoin

[clochard]

I agree, the OP left out it from the poll, which is funny since Netherlands has the most ATM's and the most liberal ideology there (actually libertarian) ,which I really admire.

I am from the Netherlands and based on the population I would vote yes. The population is very internationally oriented, most people posess an advanced level of English and many also one ore more other foreign languages, the population is tech savvy, everywhere in the country there is superfast internet and Dutch people are big online consumers and even grandparents buy stuff online. Furthermore, everyone uses iDeal, a money transfer systems that all webshops accept and allows you to buy instantly goods online with your debit card. There are systems that allow you to buy and sell Bitcoins in seconds with your debit card and without any account nor verification such as www.bitonic.nl. In certain Dutch cities such as Amsterdam, The Hague or Arnhem, there are already a lot of shops and services accepting Bitcoin. Heck, Arnhem is the Bitcoin capital of the world! In my surroundings (I have to admit, I study in a university, so the people here are already a bit more tech savvy) I see quite an interest in Bitcoin. In 2013 during the autumn bubble, I have explained many of them about Bitcoin and at least 10 other students from my study now also possess Bitcoin. Many of my friends as well. So population wise: definitely a yes!

Furthermore, a lot of Bitcoin companies are locating themselves in Amsterdam, such as for example Bitpay.

Even my parents have a 'Bitcoin wallet' now, since I talked them into using Gems

The Netherlands could be a Switzerland of Bitcoin, for Europe at least. Let Hong Kong or Singapore be it for the world

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[SnokkomBTC]

I agree, the OP left out it from the poll, which is funny since Netherlands has the most ATM's and the most liberal ideology there (actually libertarian) ,which I really admire.

I am from the Netherlands and based on the population I would vote yes. The population is very internationally oriented, most people posess an advanced level of English and many also one ore more other foreign languages, the population is tech savvy, everywhere in the country there is superfast internet and Dutch people are big online consumers and even grandparents buy stuff online. Furthermore, everyone uses iDeal, a money transfer systems that all webshops accept and allows you to buy instantly goods online with your debit card. There are systems that allow you to buy and sell Bitcoins in seconds with your debit card and without any account nor verification such as www.bitonic.nl. In certain Dutch cities such as Amsterdam, The Hague or Arnhem, there are already a lot of shops and services accepting Bitcoin. Heck, Arnhem is the Bitcoin capital of the world! In my surroundings (I have to admit, I study in a university, so the people here are already a bit more tech savvy) I see quite an interest in Bitcoin. In 2013 during the autumn bubble, I have explained many of them about Bitcoin and at least 10 other students from my study now also possess Bitcoin. Many of my friends as well. So population wise: definitely a yes!

Furthermore, a lot of Bitcoin companies are locating themselves in Amsterdam, such as for example Bitpay.

Even my parents have a 'Bitcoin wallet' now, since I talked them into using Gems

The Netherlands could be a Switzerland of Bitcoin, for Europe at least. Let Hong Kong or Singapore be it for the world

Very true. I'm also from the Netherlands. My study mates, 2 brothers and my parents also have a Bitcoin wallet(more then 1 bitcoin each). People in my neighborhood are open to try something.

[legendster]

I agree, the OP left out it from the poll, which is funny since Netherlands has the most ATM's and the most liberal ideology there (actually libertarian) ,which I really admire.

I am from the Netherlands and based on the population I would vote yes. The population is very internationally oriented, most people posess an advanced level of English and many also one ore more other foreign languages, the population is tech savvy, everywhere in the country there is superfast internet and Dutch people are big online consumers and even grandparents buy stuff online. Furthermore, everyone uses iDeal, a money transfer systems that all webshops accept and allows you to buy instantly goods online with your debit card. There are systems that allow you to buy and sell Bitcoins in seconds with your debit card and without any account nor verification such as www.bitonic.nl. In certain Dutch cities such as Amsterdam, The Hague or Arnhem, there are already a lot of shops and services accepting Bitcoin. Heck, Arnhem is the Bitcoin capital of the world! In my surroundings (I have to admit, I study in a university, so the people here are already a bit more tech savvy) I see quite an interest in Bitcoin. In 2013 during the autumn bubble, I have explained many of them about Bitcoin and at least 10 other students from my study now also possess Bitcoin. Many of my friends as well. So population wise: definitely a yes!

Furthermore, a lot of Bitcoin companies are locating themselves in Amsterdam, such as for example Bitpay.

Even my parents have a 'Bitcoin wallet' now, since I talked them into using Gems

The Netherlands could be a Switzerland of Bitcoin, for Europe at least. Let Hong Kong or Singapore be it for the world

Very true. I'm also from the Netherlands. My study mates, 2 brothers and my parents also have a Bitcoin wallet(more then 1 bitcoin each). People in my neighborhood are open to try something.

Did they acquire the coins to hold it as a novelty (virtual) item ? or are they actually looking to use them as a currency ?
No country can be the 'Switzerland of Bitcoin' unless there is a thriving exchange of the currency itself.

[muhrohmat]

im living in portugal now i wish i could be a better place for indicator fo a crypto courrencies its just plug the net and plug the paypal and plug the bank acount and euros come out that would be good.

[thejaytiesto]

I dont drink you can draw a papel with fiat, bitcoin is global and its everywhere.
But i guess china could be it if they start buying like crazy again.

[tspacepilot]

This topic has such a funny name that I have to ask whether Switzerland might be the Switzerland of bitcoin.

[scox]

Awesome thread.
BTW id say Panama, 0 internet laws.

[legendster]

The recent news of Dominica and the initiative named  “Let the Bit Drop” was compelling enough to have their island's name put up on the poll.

Anyone knows of any bct forum threads related to any of these parties involved : Coinapult, Aspen Assurance, Bitcoin Beauties, and the College Cryptocurrency Network (CCN)

[legendster]

This topic has such a funny name that I have to ask whether Switzerland might be the Switzerland of bitcoin.

I thought I would read China as the Swiss bank of Bitcoins.

Not any more they arent, countries that are predominantly communist like China and Bangladesh are strictly against Bitcoins and all that it stands for, but for some reason Russia are still very open towards it.

[muhrohmat]

well swiss will never be becuse they are de centralization of all banks its unbelivalbe thay would aceppt bitcoin that is too much registred as being crime form midle east but they do aceppt all soo i dont know lol

[picolo]

Original Post :



I am going to re-post or rather copy paste an article from siliconindia here with my question that will follow it :

Original Article :
Location plays an important role in the progress of any business. Also, obstacles are an integral factor in the expansion of any business. Lesser are the obstacles, better growth can be expected in the business.


Nowadays, most of the nations are targeting on the revenues, coming from the business, inside their boundaries. While some countries already had friendly policies for the ‘already developed’ or ‘developing’ business within its boundaries, some other countries are now accepting newer policies to encourage the same.


According to the list of the ‘business-friendly’ countries in the world by ‘doing business’, India ranks 132, while Singapore tops the list.


1. Singapore


From the last few years, Singapore has been ranked as the best country for business. Singapore provides an encouraging environment to all the newcomers, irrespective of their gender, nationality, etc.


At present, Singapore is the fourth largest financial center in the world and is also an impactful nation. Major portion of Singapore’s GDP comes from its manufactured goods. Export and import also plays an important role in the economy of Singapore.


It has the fifth largest as well as the busiest ports in the world.


2. Hong Kong


Hong Kong is highly known for its low taxation and free trade policy, has retained its second position this year; it ranked the second position last year. Hong Kong’s per capita income is very high compared to other Asian countries.


In terms of business, Hong Kong provides the maximum economic and financial freedom in the Asian region. The quality of life in Hong Kong is also very high and has already received many appreciations from the UN and WHO.


3. New Zealand


New Zealand has a highly protectionist economy that offers a free-trade economy. Its free trade policies are one of the main reasons; it is still the third best country for business.


New Zealand has one of the modernized as well as developed economies in the world. It’s GDP and PPP is also very high.


Agriculture is one of the main reasons behind the economic growth of New Zealand. Over the past century, wool was the main agricultural products of New Zealand. However, the reduction in the price has made dairy farming as one of the main source in the recent times.


4. United States


The nineteenth century has been the best period for the economic growth of U.S.


U.S. stands in the fourth rank in this list; it was also the same in 2012. It has the largest economy in the world as well as a higher rate of per capita GDP.


It has a capitalist mixed economy, which depends mostly on its natural resources. The U.S. currency is one of the mostly used currencies across the globe.


5. Denmark


Doing business rank (2011): 5 Doing business rank (2012): 5


Denmark is the pioneer nation to introduce social and labor-market reforms. This took place in Denmark in the early twentieth century. Well, this is the main reason of Denmark’s highly developed economy.


Denmark has the most flexible labor market in the Europe. It has also been ranked as the easiest place to do business. Setting up a business in Denmark can be accomplished within a few hours and the cost is also comparatively low. The flexibility in the market allows the employers to hire employees whenever they want and also do the same, in case they has to fire the employees.


6. Norway


Norway has made a progress of one move. When last year, it was on the seventh position, this year, Norway has made it to the sixth rank in this list.


It is second wealthiest county in the world. From the last six years, it has been the leader in the Human Development Index rate. The Norwegian economy is considered as one of the most stable economies in the world.


The main resources of Norway are petroleum, hydropower, forests, minerals and fish. It also has one of the highest standards of living in the world.


7. United Kingdom


Last year, United Kingdom was ranked as the sixth best nation to carry out business. This year, it has slipped down to one slot to the seventh position in the same list.


United Kingdom is the world’s first industrialized nation of the world and is considered as one of the developed nations in the world at present. Its economy is the sixth largest in the world.


It is an impactful country and has a higher influence in the international trade and commerce. It offers much freedom of business to the insiders as well as to the outsiders.


8. South Korea


South Korea has climbed up by seven slots and is ranked as the eighth best country for doing business; last year, it was on the fifteenth place.


The economy of South Korea, which is highly dependent on the exports, is the fourth largest economy in the world. In order to promote international trade, South Korea joined hands for a free trade government in 2010.


South Korea is one of the global leaders in exporting robotics, electronic products, petrochemicals, automobiles, ships and petrochemicals.


9. Georgia


Since Georgia is very closely associated with the Black Sea, it has been the trading partners of many other nations from the ages. During the olden times, Georgia was one of the leaders in trading valuable and precious metals; gold, silver and coppers were the chief metals. Wine making has also been one of the traditional businesses in Georgia.


At the recent times, Georgia has reformed itself into a free market economy. It is one of the fastest growing nations in the world. It has been ranked as the ‘the number one economic reformer in the world’ by the World Bank.


10. Australia


In the year 2010, Australia was ranked as the third country in the list of 'Index of Economic Frredom'. Australia has the thirteenth largest economy in the world and is also the country with fifth largest per capita GDP.


Australia's trade and commerce started rising vigorously by the starting of the twenty-first century. even though the Australian economy tasted growth in the early 2012-2013, its non-mining economy affected its economy by a certain extent.


Agriculture has been one of the main sources of Australia’s economic growth.



NOW My Question :

Some of these countries are already Bitcoin friendly, after all most of the Miners and traders are from Japan and US. But which of these countries has the best possibility to turn into what 'Switzerland is to Fiat currency' .. in other words, which of these countries are still under exposed to the concept of Bitcoin and why do you think they can become a better market in the future.

Honk Kong, New-Zeland failed to protect Dotcom.

[runningfree]

All of these countries can become better Bitcoin market places. There is still a lot of work to do.

[picolo]

All of these countries can become better Bitcoin market places. There is still a lot of work to do.

There could be more than a Switzerland of Bitcoin like there is more than one place that is business friendly.

[TXWA]

I think Belize would be able to become the "Switzerland of Bitcoin" in the future 

[picolo]

I think Belize would be able to become the "Switzerland of Bitcoin" in the future 

I doubt it.

[ajareselde]

How about Uruguay, since you need a country small enough that they feel profit from its position,
and politicians that wont get easily bribed by banks or other financial institutions.
Their president seams straight up person, and i doubt they would mind being the best at atleast something :]

[picolo]

How about Uruguay, since you need a country small enough that they feel profit from its position,
and politicians that wont get easily bribed by banks or other financial institutions.
Their president seams straight up person, and i doubt they would mind being the best at atleast something :]

Bitcoin needs freedom, it needs the people to understand the value of really owning your wealth.

[legendster]

How about Uruguay, since you need a country small enough that they feel profit from its position,
and politicians that wont get easily bribed by banks or other financial institutions.
Their president seams straight up person, and i doubt they would mind being the best at atleast something :]

Are you implying that people in Uruguay arent the best at anything ??

[Searing]

 the Isle of Man should be on this list ..just saying

[legendster]

the Isle of Man should be on this list ..just saying

Why do you think so ? The point of the post is to back up the country you think should be on the list with some valid reasoning.