Top 10 Bitcoin-friendly countries in no particular order.

in #crypto-regulation • 9 years ago (edited)

THE UNITED STATES OF AMERICA - The U.S. Treasury classified bitcoin as a convertible decentralized virtual currency in 2013.

CANADA - Canada regulates bitcoin subjectively on a case-by-case basis.

THE UNITED KINGDOM - In the United Kingdom bitcoin is treated as 'private money'. There is no VAT applied to the value of bitcoin when traded with other currencies.

ESTONIA - In Estonia, the use of bitcoin is not regulated or otherwise controlled by the government.

DENMARK - On March 25, 2014, Denmark declared bitcoin trades to be tax-free.

SWEDEN - The first bitcoin ATM is unveiled in Europe by a Swedish Company.

SOUTH KOREA - South Korea's central bank is exploring ways of implementing the blockchain technology that underpins bitcoin.

THE NETHERLANDS - Amsterdam is home to some of the leading bitcoin startups including BitFury and Bitpay.

FINLAND - The Central Board of Taxes has given bitcoin a value -added tax-exempt status by classifying it as a financial service.

AUSTRALIA - Australia classifies bitcoin as property and therefore purchases made with bitcoin as barter.

9 years ago in #crypto-regulation by
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     9 years ago 

    THE UNITED STATES OF AMERICA -

    stopped reading there

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     9 years ago 

    HAHA! true that!

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       9 years ago 

      BARBADOS — The Central Bank of Barbados has backed a Digital Barbados Dollar on the blockchain, created by a local company named Bitt. Representatives of the Government have also expressed interest in [looking into] keeping reserves of bitcoin. There's also a Bitcoin ATM, with more planned.

      Read more: http://www.coindesk.com/bitt-launches-barbados-dollar-on-the-blockchain-calls-for-bitcoin-unity/