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Author Topic: Safest country for exchange?  (Read 5045 times)
H4M24
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September 12, 2014, 09:59:47 PM
 #41

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.

I don't know about the other countries but i don't recommend Morocco because exporting the local Currency 'MAD' is considered a CRIME ,and buying BTC for MAD is technically exporting MAD .
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zorke
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September 13, 2014, 03:54:09 PM
 #42

I would say that once the NY regulations come into effect NY (in the US) would likely be the safest country for an exchange. The proposed regulations would make it more costly to do business in NY however it would make it safer for consumers and thus the exchange itself.
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September 14, 2014, 07:04:49 PM
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I think the safest countries currently are Germany and Singapore.

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September 14, 2014, 08:14:11 PM
 #44

I think the safest countries currently are Germany and Singapore.

i dont agree on germany, since it is in EU, and has milion tax laws .
you should definetly look for something that is not in EU or some big country.
now where do people love to have their money safely hidden ? Smiley
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September 17, 2014, 04:09:36 PM
 #45

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.

I don't know about the other countries but i don't recommend Morocco because exporting the local Currency 'MAD' is considered a CRIME ,and buying BTC for MAD is technically exporting MAD .

Well, that's the case for any good. If you buy a carpet with MAD, and send it to Europe, you are indirectly exporting MAD. And Morocco is for sure a "protected" economy, but it does export.

But it is true that the BTC exportation can't be controlled/taxed..

Do anyone has or know somebody who got into troubles because of Bitcoin trading in Morocco?
Or have any idea of the Bitcoin status there?
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