Tuesday, July 18, 2017

Why are Corrupt Countries so Fearful of Bitcoin?

![corrupt-governments-bitcoin.png](https://steemitimages.com/DQmNn6Pyqh4hDCeLxYiUN1m16KqqyGm8RhcYnnYqzF5PpWQ/corrupt-governments-bitcoin.png) # Where is Your Government on This List Put Together by [CoinTelegraph](https://cointelegraph.com/news/corrupt-governments-tend-to-declare-bitcoin-illegal-analysis)? # My adopted country Panama is not on the list but we all know that Bitcoin is welcome in this country. So many great Bitcoin entrepreneurs live here and there are a good deal of companies who are based here as well. I would give us a BRI of 100 even though the corruption number would probably be around 40 since it is part of the culture. ### What is BRI? ### The system for ordering Bitcoin acceptance (BRI) by countries uses a scale of 0-100 with 0 defined as Bitcoin is illegal and 100 means Bitcoin is completely unregulated by the government and the government has deliberately decided not to regulate. ### What is CPI? ### The CPI describes governance in a country by a number in the [0, 100] interval with 100 reflecting excellent governance and 0 being corrupt. ![bitcoin-governance-corrupt-government-cpi.jpg](https://steemitimages.com/DQmTy9wBLrrJFdT7ZGHouAFQSaVbTdk4hYLhQKk2fgMzvRt/bitcoin-governance-corrupt-government-cpi.jpg)
Why are Corrupt Countries so Fearful of Bitcoin? posted first on https://steemit.com/@hilarski

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