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RE: Bitcoin is closing in on its first positive(Green) month in 6 months...Could this be the end of the bear market????
I can't remember what island you live on. Did your island ever become crypto friendly?
Yea its definitely crypto friendly
The Dutch islands are quite open. Once the US gives more clarity then the banks here would readily do business with crypto business, the only problem for most of them is losing corresponding banking from the US (derisking) if a business does commerce with a crypto company.
Quite a few of these islands are crypto friendly especially those within Caricom, you can actually purchase a passport or get Citizenship through Bitcoin. It used to be US dollars dominating things but I notice a change with several governments requesting more business be done in Euro, Yuan and Bitcoin.
Am I correct that the Dutch islands are still US regulated? What I’m after is a country to launch a crypto that has nothing to do with the US. Your thoughts?
I understand, the reality while these islands are all independent countries, the USA can bully them by threatening them with "derisking". The Dutch islands are firmly under the control of Netherlands and their banks likewise but the ones really calling the shots are the USA. Anything that these islands do with regard to financial aspect they must get approval from the USA or they can feel the full weight of the USA government. For example, Jamaica has fully legalized marijuana and is trying to developed the industry there but the USA is playing a hide and seek game with them, this is how it works, any bank in Jamaica doing business with any company associated with the marijuana industry on the island cannot do business with any US bank. So they are left with a situation where farmers and companies cannot cash checks and no investment can be made because banks are afraid to engage in business dealing with that. Its the same thing with cryptocurrencies, all these islands embrace it but if anything goes above 10K USA limit they have set, you automatically put on a list at the mercy of the US government.
I know its sad, but that how things work in this part of the world, in terms of islands if you are looking to business that isn't so much dependent on USA harrassment, your best bet would be Antigua and Barbuda and Bermuda, from what I have seen, they seem to stand by investors irregardless of the demands of US government. Bermuda is well respected financial center and it has shown its capable of standing on its own but its again at the mercy of UK government.
Addition: The Bahamas also very friendly along with Cayman islands but from what I have seen, they are hand in hand with the USA. Things should change with time, I think the USA days of influence and dominance in the Caribbean are numbered.
How are you friend?