Five Countries Where You Can Live On Bitcoin

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FIVE COUNTRIES WHERE YOU CAN LIVE ON
BITCOIN
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United States Of America
Unsurprising to most, the US has the highest
number of bitcoin users in the world. Besides
being backed by Silicon Valley, the federal
government has held a positive stance towards the
cryptocurrency. Additionally, they also have the
highest number of bitcoin ATMs and blockchain
based start-ups.
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Japan
The introduction of bitcoin might have been
delayed to Asian continent, but the enthusiasm
remains high. Bitcoin is a huge deal in Japan.
Similar to the US government, the Japanese
government also shares a positive stance
regarding the cryptocurrency. In 2014, Japanese
authorites believed that bitcoin does not need to
be self-regulated.
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Canada
Canada has become home to countless bitcoin
start-ups and ATMs, and shares the same mindset
as their southern neighbour. In Canada, bitcoin
has been classified as a commodity by the
countrys revenue agency (CRA). This means that
they are viewed as barter transactions.
Furthermore, a bitcoin exchange in Canada would
be subjected to anti-money laundering laws and
all transactions are registered with Financial
Transactions and Reports Analysis Centre
(FINTRAC)
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Finland
The home of Nokia is among a few of the
Scandinavian countries to have allowed bitcoin
payments. The Finnish Central Board of Taxes
(CBT) has classified bitcoin as a financial
service, exempting it from VAT. Interestingly,
the most expensive bitcoin sale involving a Tesla
Model S worth 140,000 occurred in Helsinki in
January 2016.
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Estonia
The small Baltic nation has displayed the habit
of jumping on the technological bandwagon from
time to time. With a government that has a
proclivity for adopting tech-friendly measures,
its safe to say that cryptocurrency users have
found a safe home in Estonia. The European nation
was the first to introduce a blockchain-based
e-voting system that allows people to become
shareholders of Nasdaqs Tallinn Stock Exchange.

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Company dedicated to serve as a Trustworthy and
Convenient Platform for Buying, Selling, Storing
and Transferring Bitcoins. BITFORT aspires to be
an Accountable Partner for Crypto Enthusiasts to
navigate and explore the potentials of this new
booming economy of Bitcoin and Digital
Assets. BITFORT's wallet provides a unique
combination of wallet services to hold Bitcoins
and Exchange facility to Sell BUY BTC with
Local Currencies. Reckoning operative forces in
APAC MENA countries through channel partners,
BITFORT expertizes in application based
Blockchain technologies such as Bitcoin,
Cryptoasset Wallet Exchanges, Trading Platform
and Crytpo Mining Ventures.
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