Despite Europe being far more open to the idea of Bitcoin and other virtual currencies, there are still quite a few hurdles to overcome when purchasing Bitcoin for the very first time. There are already various exchange platforms available to European customers, but having more competition in this market can only be beneficial in the long run. CoinCorner, a reputable Bitcoin exchange based in The Isle of Man, has now expanded their services to European customers.
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One of the major hurdles to tackle is making it easier and more convenient for consumers from all over the world to purchase Bitcoin. Iran, of all countries, is a place where buying Bitcoin is easier, compared to many places in the world. Whether or not BTXCapital will be a success in Iran remains to be seen, as virtual currency is technically illegal in the country.
Bitcoin is slowly making headway in all kinds of places on this planet and it looks like digital currency is finally gaining a foothold in Japan. Up until now, the only reason Bitcoin has ever been connected to Japan was due to the Mt.Gox exchange, a story most people would rather forget as soon as possible. However, bitFlyer might be the next Bitcoin success story in Japan.
Bitcoin Exchange & Crowdfunding Platform bitFlyer
The Japanese bitFlyer platform provides an interesting combination of various Bitcoin services, neatly packaged into one platform. Not only are buyers and sellers of Bitcoin able to use the platform for trading and exchanging purposes, but bitFlyer also offers its very own crowdfunding platform.
BitLicense is the first proper form of Bitcoin regulation in the United States, even though most Bitcoin companies do not agree with the proposed requirements. Whereas several Bitcoin exchanges are leaving the New York state area, Bitstamp has announced they will, in fact, be applying for a BitLicense in order to comply with current regulations.
BitLicense Causes Lots of Controversy
Bitcoin regulation is still an important aspect for digital currency to be recognized as a legitimate form of digital money. Yet at the same type, the first revisions of Bitcoin regulation are quite harsh, especially as far as BitLicense is concerned. Applying for a license is expensive, and there is a thorough process every company has to go through.
The world of finance is starting to evolve towards new systems and services being used, as well as the mobile space being explored by various companies. Even though Bitcoin has been available on mobile devices since day one, popular Bitcoin exchange Huobi thinks there is still room for improvement in this area. Rather than sticking to the Chinese crowd, the company hopes to expand the presence in the Western world as well.
Bitcoin exchanges are the premier solution for the everyday consumer to buy and sell Bitcoin in exchange for fiat currency. However, it seems like most Bitcoin exchanges are flagging accounts who are trading at higher volumes on a monthly basis. Sometimes, these conversations can lead to some very awkward information being asked from the consumer.
Bitstamp – Providing A Copy of Passport or Birth Certificate
Every Bitcoin exchange around the world has to comply with existing legislation and regulations in the region they are operating from. In the case of Bitstamp, the company is compliant with all EU regulations concerning Know-your-Customer and Anti-Money Laundering requirements. After all, Bitcoin exchanges attract quite a lot of money from people looking to buy, sell and trade Bitcoin.
At this time, there are two camps in the world of Bitcoin exchange platforms. On the one hand, there are the traditional Bitcoin exchanges, where users deposit funds and withdraw it through the exchange’s accounts. On the other hand, there are decentralized peer-to-peer exchanges that are slowly but surely gaining more popularity.
Coinffeine Launches in 70 Countries
When a new Bitcoin exchange launches, there is usually the question of whether or not it will be available outside of the continents of Europe, the US and Asia. And in most cases, the answer to that question is no, due to regulatory and legislative requirements that need to be taken into account in most parts of the world.
Bitcoin businesses around the world are attracting a lot of attention. Not just because other companies believe in Bitcoin as a payment method, but the underlying blockchain technology can have massive implications for all kinds of business models. Coin Republic, a Singapore-based Bitcoin exchange, could be the next company to be acquired.
Coin Republic Gains Attention Outside of Singapore
Even though Bitcoin in Asia is a major trend, there is hardly ever any big news coming out of the continent. China is not openly banning Bitcoin, even though the country’s central bank has issued multiple warnings against digital currency usage; and Japan seems to be slowly warming up to Bitcoin as well, but nothing newsworthy has been reported there yet.
Bitcoin exchanges around the world are facing many struggles these days. Even though there is less regulatory concern in the EU, that doesn’t make Bitcoin exchange platforms less of a favourable target for hackers and thieves. However, that is not deterring the Bitcoin enthusiasm in Romania, as BitcoinXRomania wants to be the country’s premiere exchange platform.
Second Bitcoin Exchange in Romania
Several areas of the world are more “prone” to embrace Bitcoin and digital currency compared to others. In talks about Bitcoin, Romania is hardly ever mentioned, despite it being one of the EU’s most tech-savvy countries. As a result, there are a lot of Romanians active in the IT sector, which is a natural breeding ground for Bitcoin discussions.
The current financial situation in Greece is causing both excitement and trepidation in the Bitcoin world. Whereas many speculators believe that Bitcoin is seeing a price increase due to the pending Grexit, there are no official statistics to stave that claim. But that isn’t keeping major exchanges from trying to cater to the Greek population either.
Greek Citizens Inquire About Bitcoin
With the Greece economy on the brink of collapsing, citizens are looking for alternate ways to get rid of their money which is being tightly controlled by the banks. However, the options are fairly limited for the Greek population, especially because it is almost impossible to move your funds out of the country right now.