5 Of The Most Bitcoin-Friendly Nations

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Where Did Bitcoin Start?

We still have no idea what country Satoshi Nakamoto or his/her/their innovation originated in. Sure, the name Satoshi Nakamoto is of Japanese descent, but outside of that, there are no reasons for us to believe that Bitcoin holds its roots in Japan. What we do know is that Bitcoin is both the most popular cryptocurrency and the most frequently-used means of payment in the world.

Why is that? Bitcoin provides its users a plethora of different advantages. Some of these include: speedier transaction times, safe and secure transactions, low-to-no fees, the ability to transact freely across international borders, etc. The list goes on and on.

Bitcoin’s Fate Is Up to the Government

Where Does Bitcoin Get the Most Love?

  1. Singapore. Although Singapore isn’t a large country by any means, it is one of the most developed and economically/technologically progressive countries in the world. The government has taken a pretty relaxed approach on Bitcoin, which has spurred a flurry of entrepreneurship within the cryptocurrency world. Earlier this year, a Singaporean startup that develops ‘smart banknotes’ launched, allowing people to purchase Bitcoin in a way that is immediate, free and anonymous. (For another way to purchase Bitcoin using cash that is immediate and anonymous, find a Coin Cloud Bitcoin ATM location near you.)
  2. Sweden. Sweden is on a mission to eliminate cash as much as they can from the country. As a step towards achieving this goal, the Swedish government has officially declared Bitcoin as a legitimate means of transacting. In doing this, the country has been able to expedite the growth and acceptance of Bitcoin across the nation. Because of this, Sweden is now home to some of the world’s fastest-growing cryptocurrency startups.
  3. Japan. Japan has been of the most Bitcoin-friendly countries since its inception. However, after the collapse of Mt. Gox in 2014, the government has stepped in to implement different regulatory measures to ensure people are protected in case something like this were to happen again.
  4. Malta. Recently, government officials have approved three (3) different bills that have encouraged innovation and entrepreneurship in the cryptocurrency world. In addition, two of the largest Bitcoin exchanges, Binance and Okex, have announced that they are moving their operations to Malta.
  5. The United States of America. The US is arguably the most Bitcoin-friendly nation in the world. Some of the largest US-based multinational companies such as Microsoft and Starbucks have begun accepting Bitcoin as a form of payment for their products and services. In addition, some of the largest and longest-standing financial giants like Goldman Sachs and the Chicago Board Options Exchange have worked to establish their niche in the cryptocurrency world.

What Does All This Mean?

What Is Coin Cloud?

To buy and sell Bitcoin using cash, find a Coin Cloud Bitcoin ATM location near you. Our live support ensures that your Bitcoin transaction is safe, easy and secure.

Written by

The world’s leading operator of two-way Digital Currency Machines (DCMs), a.k.a. Bitcoin ATMs.

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