BITCOIN WITH THE MOST STRENGTH IN THE WORLD

Map of the countries where most is produced and marketed with bitcoin

All the countries belong to Europe, and, for the most part, they are Scandinavian. Countries where the digital currency has penetrated so deeply that the purchase of residences, cars, food or services through bitcoins is common.

Atm bitcoin in the world

In what part of the world is it easier to establish a Bitcoin initiative? Where is it easier to buy products, clothes, food, cars, through the cryptomoneda? Below is a list of the 5 countries where virtual currency owners can feel more comfortable and perform more varied and less difficult virtual operations.

United Kingdom

The country of Alan Turing treats Bitcoin as an "inevitable good" and in some bars in the area you can order half liter beer and pay it with the digital currency. The country has more than 30 Bitcoin ATMs and its government is about to start applying Bitcoin's Blockchain technology to improve the work of state institutions.

The law considers the cryptonion as a personal good. The goods and services acquired 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 British Deputy Harriett Baldwin, the UK accounts for 42% of all European investments in new financial technologies, which translates into the fact that in the last year the country's GDP has grown by 20 million pounds . He proudly points out that some companies that develop digital coins are moving to the UK:

"For example, Circle, a service company Bitcoin, has announced that it plans to open an office in London from which it will coordinate its European expansion. Why the UK? Well, Circle was very clear: because of our positive attitude towards FinTech and the digital currencies. "

The American payment operator of Circle and the Barclays banks launched a transfer system of dollars to pounds sterling. This agreement is considered by many as a landmark: banks are actively participating in the experiments with Blockchain, while avoiding Bitcoin by any means. Barclays now offers Circle, with an infrastructure sufficiently developed so that this portfolio can be connected to any bank in the UK.

Denmark

Denmark is one of the countries seeking to eliminate paper money. Here, bank transfers and the digital currency have become widespread. According to the country's central bank, Bitcoin is not a currency and therefore its use is not regulated by state transactions and is not subject to taxes. Moreover, 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 real estate purchases have been made using bitcoins. The payment was made by the local company Coinify.

It is here where activist Bitcoin, Jack Nikogosyan, did an experiment living only with bitcoins for a month. He had to endure a lot of challenges: eating less and using a bicycle instead of public transport, but Coinify, who published the results of the experiment on his blog, acknowledged that he passed the test. It is worth noting that Nikogosyan convinced his boss to give him a salary in digital currency and that he paid the rent with this one.

Sweden

The Swedish financial regulator, Finansinspektionen, has legalized Bitcoin along with other digital currencies, defining it as an asset, but not as money. The country has become home to many Bitcoin initiatives, including Safello Exchange, and was the site of one of the largest manufacturers of mining equipment, KnCMiner.

KnCMiner was the first company to launch ASIC-miner in 2013 but filed for bankruptcy in May 2016, citing the halving of the mining concession (from 25 to 12.5 BTC) as the main reason. However, the story continues: KnCMiner found a new owner, GoGreenLight, who can resume its mining operations. Bitcoin mining is subject to the country's taxes, but only if it generates profits.

Finland

As for Bitcoin's freedom of movement and popularity, Finland is not far behind its Scandinavian neighbors. Finland is one of the countries where Bitcoin and Blockchain technology are becoming increasingly popular. Regarding the use of bitcoins per capita, the country is one of the three world leaders.

The Tax Administration of Finland 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 the FinCCX, Bittiraha and LocalBitcoins exchanges. In January 2016, it was Finland where the Tesla S car, worth more than 140,000 euros, was sold for bitcoins.

Netherlands

The first thing to mention is that a whole city, Arnhem, was nicknamed "the city of Bitcoin" in honor of the project of the same name. It has the largest concentration of companies that supply goods and services in exchange for bitcoins. There are more than 100 services offered: in Arnhem, you can pay for haircuts, buy a hamburger or a new suit, send an e-mail, repair appliances or stay in one of the five hotels in the city center ... all Using the criptomoneda.

The Netherlands, home to Bitcoin events regularly, has Bitcoin ATMs, while the Cryptomoneda is not regulated by the country's financial legislation.

In addition, De Nederlandsche Bank (the Dutch central bank) intends to create its own digital currency based on distributed ledger technology. The project was identified as the priority area for the bank in 2016.

In the report of the De Nederlandsche Bank published in March of this year a possible name for the future state criptomoneda, DNBCoin, is mentioned. The document says it is a "prototype currency based on Bitcoin." According to DNB experts, the introduction of this digital currency will contribute to improving the transparency, security and accessibility of payments to users.