Safest country for exchange?

[bluemountain]

The country with the most advanced economy and banking system to facilitate transfers from banks....the US

[jjc326]

I think it is unclear/there is a miscommunication about what OP is looking for. If you want something totally unregulated then you want something like South American or Singapore. If you want to follow the laws and just be safe and have recourse if something goes wrong, then you want something like the US or Canada.

[freedombit]

I'd like to see an exchange floating above ALL of our heads, on a series of independently operating satellites.




I can see it now, a manufacturer of mining servers offering a special package.

Get it now, for only $5 million, the Orbital Placement and Solar Package deal. For a nifty sum of USD $5 million, we will launch your miner into space, place it into low-flying orbit above the earth. If you act now, we will give you a free set of solar wings. Just enough to power your miner infinitely. No more electricity bill. Call now. 1-800-SKY MINE.

[minerpumpkin]

I don't know if it is really a country thing. Some people are freaking out because even Bitstamp, which I consider rather trustworthy, is located in eastern Europe and uses single accounts to keep their customers FIAT money. I know there may be complications in case of some freeze but that hasn't happened as of now...

[needFREElunch]

I don't know if it is really a country thing. Some people are freaking out because even Bitstamp, which I consider rather trustworthy, is located in eastern Europe and uses single accounts to keep their customers FIAT money. I know there may be complications in case of some freeze but that hasn't happened as of now...

I think the bigger risk with bitstamp is that their owners have unknown identities.

Having a small number of bank accounts would not be unusual for companies.

[michaelwang33]

I don't know if it is really a country thing. Some people are freaking out because even Bitstamp, which I consider rather trustworthy, is located in eastern Europe and uses single accounts to keep their customers FIAT money. I know there may be complications in case of some freeze but that hasn't happened as of now...

I think the bigger concern for bitstamp is the fact that they are located in a very politically and economically unstable part of the world.

[dquancey]

The UK is as good a place as any in my opinion.

HMRC have legalized BTC and scrapped taxes for business that deal bitcoin to one another too.

Then only charge tax on the BTC you are wanting to withdraw from your business, if you decide to convert to GBP.

[AliceWonder]

What is the safest country to operate an exchange in, where would you rather buy all your BTC from? Tunisia? Singapore? Morocco? Many countries seem to want to regulate BTC so it's hard to follow, which country is the safest currently?

For me, for USD -> BTC the safest exchange is America because I live in America so if there is fraud, me being American and the exchange being American means I have an easier time with legal recourse.

[ukwarren]

Hong Kong and Singapore.

Thank you

[moko666]

seychelles

easy to get a financial company license if you want your company registered

[qiuxiang]

British Virgin, how does it sound?

[gmx95]

I think its a 22 dollar question: you can open an exchange in Zimbabwe for example and nobody would probably bother you there and with the right marketing it can work just fine, but then on the other hand serious customers may consider it unsafe. The more industry develops the more the would be calls for it to be regulated, so customers may start asking exchanges these questions, because it makes them feel more safe.

[gmx95]

The country with the most advanced economy and banking system to facilitate transfers from banks....the US

Do you know that many banks in the US do not have SWIFT codes and do not know how to send or receive international wire transfers? I wouldn't call it the most advanced economy and the banking system :-)

[Cranky4u]

Australia because;
1. The federal government have declared btc / crypto a legal currency.
2. The Australian Taxation Office treats btc as per fiat.
3. Trust already exists between Australian banks and existing btc exchanges.
4. Melbourne, Australia is already a btc hub for software developers.
5. Australia has a healthy btc economy e.g. you can buy 4wd racing cars right through to a cup of coffee on a smart phone QR reader
6. Cool people reside in Australia, namely me   

[79b79aa8d5047da6d3XX]

panama

[Mental Fight]

i think you can use bitstamp or btc-e to buy it . or you can buy in local bit[Suspicious link removed]d luck.

[abora]

Germany,Denmark,Hong Kong,Singapore and US

[btcxindia]

Singapore; Tight regulatory system but quick approvals.

[FishcakeBuffet]

Probably Australia. We dont have mandatory data retention so your data would be safe. But the EU has Bitcoin positive regulation so also there might be a good bet

[Wealthy]

I believe afghanistan or other similar countries would be the safest place where people don't have any knowledge regarding bitcoin  .Or may be a country where there is least reach of internet and technology