It’s been 10 years since the mother of all cryptocurrency Bitcoin first came onto the scene. Here’s a list of which countries currently support spending Bitcoin and other cryptocurrency coins / tokens.
Switzerland has recently made headlines for pioneering a new framework for the regulation of initial coin offerings, or ICOs. The Swiss Financial Market Supervisory Authority (FINMA) has recently announced guidelines intended to assist local startups in launching ICOs in a manner that is compliant with Swiss law.
Japan is extremely friendly toward cryptocurrency, and is a major global market hub. In April 2017 Japan officially recognized cryptocurrency as legal tender and offers exchange platforms a liberal regulatory environment in which to operate. According to local media, Japanese Yen accounts for more than 50% of the global trade in Bitcoin worldwide.
It may seem surprising that a global financial hub such as the UK would be on the list of crypto-friendly nations, but perhaps as a fear of waning influence due to Brexit, regulators have been hands-off to date, and London is home to a thriving crypto community.
Amsterdam is widely known in the cryptocurrency ecosystem for hosting the “Bitcoin Embassy”, which is home to a highly active crypto-community that is working hard to promote widespread adoption of the most valuable cryptocurrency. Named as the best tech startup city in Europe, Amsterdam boasts the highest density of Bitcoin ATMs in the world.