Where in the world is it easier to establish a Bitcoin initiative?
where it is easier to buy products, clothes, food .. by cryptocurrency?
All countries belong to Europe, and most of the time are Scandinavians. Countries where the digital currency has had such deep penetration that buying homes, cars, food or services through bitcoins is a common affair.
Where in the world is it easier to establish a Bitcoin initiative ?, Where is it easier to buy products, clothes, food, cars, by cryptocurrency? Here is a list of 5 countries where virtual currency owners can feel more comfortable and make more varied virtual transactions and less difficulty is presented.
5 Countries where bitcoin is Plunged Into Life at The Covidien
1.UK
The homeland of Alan Turing Bitcoin treated as an "inevitable good" and in some local bars can order pint beer and pay with digital currency. The country has more than 30 Bitcoin ATMs and its government is about to start applying Blockchain technology, which supports Bitcoin, to improve the work of state institutions.
The law considers cryptocurrency as a personal right. Goods and services purchased by bitcoins are subject to value-added tax. The cost of goods or services subject to VAT must respect the value of Bitcoin in pounds sterling at the time of purchase.
According to UK MP Harriett Baldwin, the UK accounts for 42% of all European investment in new financial technologies, resulting in last year's GDP increasing by 20 million pounds. Proudly, he notes that some companies that develop digital currencies are moving to the UK:
"For example, Circle, a Bitcoin services company, announced plans to open an office in London
from which to coordinate its European expansion. Why the United Kingdom? Well,
A circle was very clear: because of our positive attitude to the FinTech and digital parts ".
Circle payments from the US operator and banks Barclays have launched a transfer of the system from dollars to pounds sterling. This deal is seen by many as an important step: Banks are actively engaged in Blockchain experiments while avoiding Bitcoin by any means. Barclays now offer Circle, a sufficiently developed infrastructure for this portfolio can connect with a bank in the UK.
2.Denmark
Denmark is one of the countries seeking to eliminate paper money. Here, bank transfers and digital currency are widespread. According to the central bank, Bitcoin is not a currency and therefore its use is not governed by state transactions and is not taxable. In addition, Denmark is home to many new businesses and Bitcoin exchanges, such as CCEDK.
In March of this year, Denmark was the first Scandinavian country where they made purchases of real estate using bitcoins. The payment was made by the local company Coinify.
This is where Bitcoin activist, Jack Nikogosyan, did an experiment with bitcoins alive only for a month. I had to endure a lot of challenges: eat less and use a bike instead of public transportation, but Coinify, who published the results of the experiment on his blog, acknowledged that past the test. It is interesting to note that Nikogosyan convinced his boss to give a digital salary currency and paid rent with it.
3.Sweden
The Swedish financial regulator, Finansinspektionen, has legalized Bitcoin, as well as other digital currencies, defining it as an asset and not as money. The country has become home to many Bitcoin initiatives, including Safello Exchange and has been the site of one of the largest mining equipment manufacturers, KnCMiner.
KnCMiner was the first company to launch ASIC-miner in 2013, but went bankrupt in May 2016, citing the halving of the mining concession (25 to 12.5 BTC) as the main reason. However, the story continues: KnCMiner found a new owner, GoGreenLight, you can resume mining operations. Bitcoin mining is subject to tax in the country, but only if it generates profits.
4.Finland
As he looks at Bitcoin's freedom of movement and its popularity, Finland with regard to its Scandinavian neighbors are not far behind. Finland is one of the countries where Blockchain and technology are becoming more popular. Regarding the use of bitcoins per capita, the country is one of three world leaders.
The Finnish tax authority classifies Bitcoin as a financial service and its operations are subject to value-added tax.
According to the ATMRadar service, the country has 16 Bitcoin ATMs, ten of them located in Helsinki. The country is also home to FinCCX, Bittiraha and LocalBitcoins exchanges. In January 2016, it was Finland where the Tesla S car, with a value of more than 140,000 euros, sold for bitcoins.
5.Netherlands
The first thing to mention is that a whole city, Arnhem, has been dubbed " the city of Bitcoin " after the project of the same name. It has the largest concentration of companies that provide goods and services in exchange for bitcoins. There are more than a hundred services offered: in Arnhem, you can pay a haircut, buy a burger or a new costume, send an e-mail, fix the repair or stay in one of the five Downtown hotels ... all using cryptocurrency.
The Netherlands, home of Bitcoin events regularly organized, has Bitcoin ATMs, while cryptocurrency is not regulated by financial legislation.
In addition, De Nederlandsche Bank (the Dutch central bank) intends to create its own digital currency based on distributed book technology. The project was identified as the bank's priority area in 2016.
The report of the Nederlandsche Bank published in March this year, a possible name for the future of the cryptocurrency state, DNBCoin mentioned. The paper says it is a " prototype based on Bitcoin currency. " According to DNB experts, the introduction of this digital currency will help improve the transparency, security and accessibility of payments for users.