Europe consolidating itself as a Bitcoin Haven

[mynhpark]

Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.

Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology. In fact, Malta’s prime minister announced the approval of a national strategy to promote Bitcoin and Blockchain technology.

In detail, Malta government’s vision is to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.

Do you agree Bitcoin have bright future in Europe?

[densuj]

Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.

Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology. In fact, Malta’s prime minister announced the approval of a national strategy to promote Bitcoin and Blockchain technology.

In detail, Malta government’s vision is to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.

Do you agree Bitcoin have bright future in Europe?

Of course I agree with bitcoin have bright future in Europe, that is mean bitcoin has legal rules from government on Europe, it is good for bitcoin growing because the investors doesn't fear make investments into bitcoin and I think it will not happen at Europe only, the other countries will apply the rules for bitcoin users. For me it is good bitcoin will be used on around the world.

[bryant.coleman]

Perhaps the other governments (especially the state of New York) must learn from the European nations. By legalizing Bitcoin and allowing the Bitcoin businesses to operate freely, these governments are not only increasing their tax revenue, but also creating hundreds, if not thousands of jobs (both direct and indirect) for the citizens of their country.

[Amph]

in europe they have exempt bitcoin from vat which is already a good step in the right direction, but if you don't get the same regulation as japan you won't do much

in some of those country you can buy an house with bitcoin already like in italy, some agency allow this at Rome

what i believe must be done to accelerate adoption is starting to paying the salary in bitcoin , no company do this directly without relying on third party like bitwage, which for some people could be troublesome, i really think this is the dowel that is missed

[Lucius]

Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.

Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology. In fact, Malta’s prime minister announced the approval of a national strategy to promote Bitcoin and Blockchain technology.

In detail, Malta government’s vision is to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.

Do you agree Bitcoin have bright future in Europe?

I think Bitcoin have future in Europe and in the rest of the world,there is interest of many countries regarding Bitcoin and blockchain technology.Japan recognized this and accepted BTC as legal method of payment and this was very good news and signal to others to follow the same path.

Malta is saw the opportunity and I hope they will succeed to become Silicon Valley of Europe.Other EU countries have adopted some rules and regulations regarding BTC and blockchain technology and this is good for attracting new investors and opening new jobs.

The only thing that remains questionable is EU proposal to try identifying users of BTC,as they say in order to prevent money laundering and terrorist financing.Something must be done regarding that,but many users do not like to lose their privacy when using BTC.

[bryant.coleman]

The only thing that remains questionable is EU proposal to try identifying users of BTC,as they say in order to prevent money laundering and terrorist financing.Something must be done regarding that,but many users do not like to lose their privacy when using BTC.

This is a very sensitive subject. If we push too hard on individual privacy and anonymity, then we may receive zero governmental support. In order to receive government recognition, we need to do some compromises. Anyway, there is not much to fear, if you are not using your coins to purchase drugs, or to evade the income tax.

[talkbitcoin]

Countries like France, Germany and the UK have already established regulatory frameworks for Bitcoin companies, users and traders. Other European countries have offered their unique regulatory frameworks with clarity, to ensure there exists no conflict between local businesses and regulators due to ambiguous regulations and policies like India.

Smaller countries such as Malta, an archipelago in the central Mediterranean between Sicily and the North African coast, have begun to consider Bitcoin as a legitimate currency and revolutionary technology. In fact, Malta’s prime minister announced the approval of a national strategy to promote Bitcoin and Blockchain technology.

In detail, Malta government’s vision is to transform Malta into the Silicon Valley of Europe. The country will focus on the development of innovative technologies such as Bitcoin and Blockchain technology to stay at the forefront of European technological innovation.

Do you agree Bitcoin have bright future in Europe?

very interesting information. specially since it is a compilation of many different countries in your post. i would love to see some references for some of these countries since i have never heard anything about any of most of them to do anything about bitcoin before.
i think this can be somehow related to the effect of what Japanese did recently about their stance about bitcoin.

[tiggytomb]

I think if more and more countries leave the EU it will be an exciting time for bitcoin and digital currencies, the UK has or at least has started the ball rolling, France possibly could be on it's way out and maybe Netherlands to follow but who knows.

[gentlemand]

While quite a few individual countries are making encouraging noises, the EU itself is sounding increasingly overbearing. It'll be interesting to see how it plays out. The Japan thing certainly puts the ball in the court of other governments.

[Sundark]

I think if more and more countries leave the EU it will be an exciting time for bitcoin and digital currencies, the UK has or at least has started the ball rolling, France possibly could be on it's way out and maybe Netherlands to follow but who knows.

It will be years before UK will be independent country again. They won't probably achieve that state before 2030.
There is also a possibility than when Scotland will have another Independence Referendum they will join UE as sovereign nation.
Although I noticed that politics not liked directly to economic market is not important for Bitcoin.

[YuginKadoya]

Actually all country is adaptive with bitcoin and I think all countries can work out bitcoin if they will have an open mind and hands by accepting it, even if they don't accept it as their own currency they can certainly use it as an investment and working out with bitcoin and using it on every merchant available in their country! and it is great if a country would accept bitcoin for us it is a big step in making bitcoin much bigger!

[BiTZeD]

I hope so, because we need some place like this. Japan is too far from everything and too weird to become the central place in term of Bitcoin. I would prefer that some other places than Malta take the lead, preferably France, Germany or Italy rather than Great Britain, but in any case I will be satisfied that there is at least one.