Australia:
Bitcoin will be treated as money in Australia by the 1st of July. Australian Government said:
“The Government will make it easier for new innovative digital currency businesses to operate in Australia. From 1 July 2017, purchases of digital currency will no longer be subject to the GST (goods and services tax), allowing digital currencies to be treated just like money for good and services purposes.”
Expect a boom of Bitcoin usage in Australia.
Russia:
A year ago Russia’s Finance Ministry was threatening jail time to anyone using digital currencies. But recently, Deputy Finance Minister said in an interview that the authorities hope to recognise Bitcoin and other cryptocurrencies (Ethereum has major interest) in 2018 as they seek to enforce rules against illegal transfers. Another major market open.
Expect a boom of Bitcoin usage in Russia.
Africa:
Africa is “craving” for Bitcoin and cryptocurrencies. As of today there are more than 1,000 merchants accepting Bitcoin in South Africa alone. Ambassador of Nigeria stated:
“Africa is an emerging market with lots of opportunities. People have been failing time over time trying to implement the economy and start own businesses by fiat money (normal current money) that don’t hold value. Africa has lots to offer Bitcoin and other crypto currencies, simply because Africa needs an alternative to the weak and not always available current money. All cryptocurrencies will be well embraced if promoted in Africa”. Once they see it works, Africans will embrace Bitcoin because they really want something that works with value, they are only missing the awareness about the technology”.
If the proper promotion can take place, expect a boom of Bitcoin usage in Africa.
Japan:
Japan passed to accept Bitcoin as a legal payment method on April 1, 2017. Days after, two major Japanese retailers (Bic Camera and Recruit Lifestyle), partnered with Japanese Bitcoin exchanges to start accepting the digital currency for payments. Coincheck (famous Japanese Bitcoin exchange), claims that this partnership will add, by this summer, 260,000 more stores to the already 4,500 accepting Bitcoins for payment purposes speculatively.
As the cryptocurrency becomes more practical for everyday use, expect a boom in Bitcoin usage in Japan.
China:
In February of this year, a four-month freeze on withdrawals from the Bitcoin exchanges was placed, because of presumed violations of monetary laws, and thus the exchange of Bitcoin in China were halted. However on June 5, 2017 withdrawals were resumed. Many analysts attribute the 12% spike in Bitcoin price over the past week to the news from China.
As the Chinese are now allowed to exchange the cryptocurrency again, expect a boom of Bitcoin usage in China.
United States:
Bitcoin is becoming increasingly accepted. The U.S. dollar currently makes up for 46% of Bitcoin exchange volume by currency, far greater than any other currency. That means that globally, the United States trade 46% of every bitcoin in the market. What would happen if Bitcoin were to be legalised in the U.S. ? As from September 2015 Bitcoin has been classified as a commodity, we are not far to see the legalisation of such a currency for payments. Considering some political or economic instability in the U.S. along with the growing global adoption of Bitcoin: expect a boom in Bitcoin usage in the United States.
If you haven’t yet gotten the message, what I’m saying is this: Buy Bitcoin.