Crypto-Friendly Countries: Check Where You Can Spend Your Bitcoins

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Cryptocurrency is widely spreading all over the globe and more countries thinking about a launch of their own digital currency.

Countries like, Japan, Sweden, Estonia, and Venezuela all announced similar digital currency projects: J-coin for Japan, E-krona for Sweden and Estcoin for Estonia, petro for Venezuela. The roster doesn’t stop there — the UK, Uruguay, and Kazakhstan have all expressed similar ambitions.

While some countries are still thinking about the legitimacy of using bitcoins, other are offering “currency freedom”. Here are the list of most cryptocurrency-friendly countries:

Japan

Japan was the first and so far the only country to consider bitcoin as a legal payment method.In Japan you have an opportunity to pay bitcoins for various services – at electronics stores Bic Camera, department stores Marui and a number of hotels – for example, Comics & Capsule Hotel Comicap.

Recently, in December 2017, Japan’s Financial Services Agency (FSA) has authorized the operation of four new virtual currency exchanges in the country. In late September, the agency has okayed the applications of the first batch of applicants consisting of 11 exchanges.

japan-bitcoin-friendly-photo

Source: SEAN PAVONE / ALAMY

Estonia

After becoming the first country in the world to establish e-residency, the small Baltic nation of Estonia’s tech-friendly government seems willing to implement innovations like blockchain technology for healthcare, banking services and even governance by allowing its citizens to become “e-Residents.”

Estonia is well positioned to be a place where a cryptocurrency users can certainly feel welcome.

 Estonia-to-launch-its-own-cryptocurrency-photo
Netherlands

Netherlands go even further and created its own “Bitcoin City” called Arnhem with over 100 merchants. Here a bitcoin owners could get everything they need including gas, accommodation, bicycles, and even dental services.

netherlands-bitcoins-cryptocurrency-photo

Source: steemit.com

Russia

Russia’s biggest banks like Sberbank and VTB Group created a new blockchain ledger called Masterchain, which will be used to help process transactions much faster through the central bank. President Putin also supporting for a long time Ethereum and the possibilities that arise in its blockchain. There is even a Russian airline that is using a blockchain ledger built off Ethereum that will record all of its ticket bookings.

moscow-russia-bitcoins-photo

United Kingdom

The presence of numerous Bitcoin and blockchain related startups, BTMs, and an active community makes it a Bitcoin-friendly environment indeed. Despite bitcoin is treated as “private money”, you still can buy a pint of beer at many local pubs for bitcoin.

london-uk-pub-cryptocurrency-photo

Denmark

Denmark, as well as its neighbor Sweden, is trying to become a cash-less country and that’s a great opportunity for digital currency to be used instead of cash. Despite the use of cryptocurrencies is not spread everywhere, they can be used freely, without paying taxes, because for the Danish Central Bank, Bitcoin is not a currency.

Denmark-cryptocurrency-bitcoin-photo

Source: Fedor Selivanov / Shutterstock

Australia

In 2016, Australia removed its “double taxation” on Bitcoin and other altcoins, officially considering it all as currencies.  Australia has recently planned to regulate digital currencies, but this regulation is happening globally and means that crypto is being acknowledged as an important player in the economy.

Australia-cryptocurrency-bitcoins-photo

Source: UNSW Sydney

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Crypto-Friendly Countries: Check Where You Can Spend Your Bitcoins
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Crypto-Friendly Countries: Check Where You Can Spend Your Bitcoins
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Cryptocurrency is widely spreading all over the globe and more countries thinking about a launch of their own digital currency.
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