One of the major benefits of using over the traditional fiat currency is their decentralized nature. The DLT or technology that underpins bitcoins allow cross border payments and with ease, which was not available with local currency ex. dollar, euro etc. network that works with the internet connection allows payments without using any central authority as an intermediate, and authorize everyone on the for transactions.
This flexible nature of may seem exciting however when it comes to wide of the technology, things do not work smoothly. There are many countries in the world that consider as well as other as a bubble, highlighting its volatile and decentralized nature. But, there are some who are still favouring this emerging technology and accepting it with the open arms. So for those who want to do business and looking for the -friendly place to start, we have listed here top crypto friendly countries as of today.
USA: the USA is one the leading country to put forward pro structure in its state. With the number of digital assets wallets, crypto exchanges, ATMs operating successfully in the country, now regulators are looking to draft legislative framework to smartly handle crypto related business and avoid scams related to . Moreover, with the flourishing in state and entering the mainstream, many industrial giants in the US has started accepting and other popular as a payments option. For instance, recently Ohio has announced to allow companies to pay taxes with .
Switzerland: Switzerland the rich country in central Europe is well known for its high economic productivity and standard of living. The Swiss government has open-mindedly accepted emerging technology by encouraging startups in the country. In December, the Swiss lawmakers have also announced a legislative approach for applications in the country. The crypto friendly environment of the country attracts many entrepreneurs to its land space. For example, recently ATM manufacture Lamassu has flown to Switzerland in search of a more progressive and secure nation to set business.
: witnessing the number of crypto companies operating in and with the news like Financial Services Agency (FSA) receiving 190 licensing applications in December, The country is considered as the ideal destination to set the crypto business in Asia. Since FSA has given local the self-regulatory status and certifying Japanese Currency Exchange Association (JCEA) to address AML policy, has become the first country in adopting the legal system for flow.
Wrap up: As for now, the technology is in its period of infancy, and many countries are still unaware of its downsides. However, for those who have understood the threat concerning bitcoins are looking for ways to regulate it under their jurisdictions. Need more information on ? Ask us, we at offer every piece of information on and .
Published at Thu, 11 Apr 2019 20:13:17 +0000
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