The Switzerland of Bitcoin

[Searing]

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.

http://www.coindesk.com/isle-man-welcomes-digital-currency-exchanges-license-required/

http://www.coindesk.com/isle-of-man-introduces-regulation-for-bitcoin-businesses/



http://www.bbc.com/news/business-32394170


they are a small out of the way place..but they seem busy enough on trying to be the Switzerland of bitcoin

underdog thou they may be

just for the above links  think they should have made the list if Belize did imho

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[muhrohmat]

well i guess the best are the usa and europe and japan cause the others are just to colsed to bitcoin vision but america south too its good.

[techgeek]

The most countries that need it are the ones are people with most financial restrictions or developing countries.

I`d choose india, and has a mass population that hasnt even touched enough yet.

[knowhow]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

[lissandra]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I tend to agree china is the next wave.

Only because the population difference is so huge compared to u.s that it`ll probably make a huge mark for prices.

[aso118]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon.

[Amph]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon.

in fact they will not, they are too much attached to the money of bitcoin, not to bitcoin itself, they don't care too much about what it can offer in the future over their currency, or over fiat in general

i still can't understand why japan cannot embrace it yet, they are always in favor of new tech, they love new technology...

anyway my vote go to singapore

[funtotry]

The switzerland of bitcoin is anywhere a bitcoin wallet is. No one is controlling my wallet and only I own the wallet key.

[marcus_of_augustus]

Looks like Switzerland is making claimms on being Switzerland of bitcoin more and more.
http://bitcoinassociation.ch/blog/no-vat-on-bitcoin-in-switzerland/

... and treatment as foreign currency status, i.e. no capital gains applicable.

[aso118]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon.

in fact they will not, they are too much attached to the money of bitcoin, not to bitcoin itself, they don't care to much about what it can offer in the future over their currency, or over fiat in general

i still can't understand why japan cannot embrace it yet, they are always in favor of new tech, they love new technology...

anyway my vote go to singapore

Japan has been at the forefront, apart from the US. Mt Gox was in Japan. 
Japanese always seem to prefer something which is localized. Monacoin is pretty popular now.

[xavi21]

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

[RealBitcoin]

Liberland.

It's already the official currency of the Republic of Liberland:

https://liberland.org

[lissandra]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon.

in fact they will not, they are too much attached to the money of bitcoin, not to bitcoin itself, they don't care too much about what it can offer in the future over their currency, or over fiat in general

i still can't understand why japan cannot embrace it yet, they are always in favor of new tech, they love new technology...

anyway my vote go to singapore

Singapore seems to be spot on.

They have known to adopt and grown their economy in other ways that most wouldnt, and almost made their building eco friendly that most havent done too.

[pereira4]

the land of bitcoin is china since big mining company there already but  the best country well ,potencial several of them the best well no one since all are making lays to try control bitcoin .... that is decentralized crypto coin ....

I don't see China becoming bitcoin friendly. It would mean loosening capital control - something which is not going to happen soon.

in fact they will not, they are too much attached to the money of bitcoin, not to bitcoin itself, they don't care too much about what it can offer in the future over their currency, or over fiat in general

i still can't understand why japan cannot embrace it yet, they are always in favor of new tech, they love new technology...

anyway my vote go to singapore

Singapore seems to be spot on.

They have known to adopt and grown their economy in other ways that most wouldnt, and almost made their building eco friendly that most havent done too.

I think Japan has the bigger odds. They are always ahead of the curve, and their crisis is an internal one, their debt is not external, therefore they can get away with any decision they take because it will only affect themselves. The problem of adopting Bitcoin as the official coin is taxing, the gov does not have the measures to properly tax as far as I know.

[tspacepilot]

For a while I thought maybe this thread had become a little irrelevant, but now, with that bit licenense thing in New York, it's sorta seems important again to consider which jurisdictions are attempting to punish bitcoin users/innovators and which ones are encouraging it.

[ammy009]

obviously america 

[dollarneed]

i think singapore is the future of bitcoin because in there bitcoin is popullar and there so many merchant using bitcoin as alternative payment.

[n2004al]

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.

I don't see China. China will be, according to me, the motherland of bitcoin. It is already and it will be. Chinese people are loyal people and are to much friendly with bitcoin and the governments of Chine, even for the moment has no clear approach against it I'm sure that in the future will accept and regulate it.

[legendster]

So I guess Switzerland IS The Switzerland of Bitcoin

[pitham1]

So I guess Switzerland IS The Switzerland of Bitcoin

How real is that news? I couldn't locate anything on it when I searched.
Plus,  you have people from Switzerland claiming that it isn't true.

I am Swiss, living in Switzerland, but I never heard about that referendum. It's not a real news...