Not long ago, we have discussed about some of the countries that have banned digital currencies like Bitcoin, and Russia was among the list. Regardless of the fact that Bitcoin trading is sprouting there, the law says that any currency other than the country’s traditional one and the internationally accepted ones are illegal within the borders of Russia.

However, the Russian President Vladimir Putin has just made his first remarks on digital currencies. He went ahead and told the nation that while the digital currency technology may be difficult to adopt, it cannot be dismissed completely. Apart from praising Russia’s national bank for banning digital currencies immediately, Putin has outlined a couple of issues that Bitcoin has, including the idea that it is backed by nothing. While this is true, Bitcoin has proven itself to be influenced by certain international events, but to be a stable currency overall, which is great news!

If you haven’t been living in a cave, then chances are that you have heard about the Greek crisis, and what this means for the euro if Greece will leave the Eurozone. In light of the recent negotiations that have been going on between the country and the EU representatives, conflicts have begun sprouting throughout Greece, as people have been forbidden to withdraw more than 40 euros from ATMs on a daily basis.

In turn, this has managed to have a positive impact on the cryptocurrency, as more and more Greeks have begun investing their money into Bitcoin, as a way to make sure that they still keep their money even if the euro falls. A similar technique may have been adopted by people from other Eurozone countries, as a fall of the euro is now very likely in case a good decision for all sides is finally reached, and Greece is pulled out of the crisis.

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Chances are that you have already heard about the emerging Bitcoin ATM business, and the high potential that it has to bring Bitcoin to the masses. In case you’ve ever wondered about what it takes to become a Bitcoin ATM operator, then you should know that ATM Marketplace, which represents an ATM industry resource, has just released a 40-page guide, outlining the challenges, risks and benefits of owning a Bitcoin ATM, alongside with what needs to be done in order to establish such a business.

The guide, which is also the first one to explore this emerging marketplace states that these ATMs represent a secure and efficient way for people to buy and sell Bitcoins, considerably safer than the transactions that can be carried out over the Internet. However, time will only tell if this is true or not, as many Bitcoin exchanges have stated that ATMs are somewhat more susceptible to fraud and hacking. With this in mind, Bitcoin ATMs owners should be aware of all the risks associated with this business, but also keep in mind the legal perspective related to these devices.

The idea of using Bitcoin alongside with the Blockchain technology that backs it to trade shares has been considered before, but it is now being put into an actual project, as reports indicate. With this in mind, it seems like the Nasdaq OMX Group has named Chain as its partner for the pilot project that was announced a couple of months back, and which would provide the needed technology for trading of shares in all types of private companies.

Understanding how this is supposed to work can turn out to be a bit difficult, but we’ll try to explain it as well as possible. To kick things off, Chain is a company that provides infrastructure to financial institutions which want to use the Blockchain for all sorts of transactions, as it allows users to digitally transfer money along with digital assets securely, directly and nearly instantly, which is great news from all the points of view.

Along the centuries, all of the world’s countries have faced strong economical disasters, debts, inflation and more. As time passed, most of these coins have evolved and became strong currencies, which are now responsible for large transactions on a daily basis.

However, one currency which is in great trouble at this moment in time is the Zimbabwean dollar, which has reached a state of hyperinflation where one US dollar would buy you a total sum of 35 quadrillion Zimbabwean dollars, which yet again proves the fact that the country’s recent economic strategies, politics, and leaders have failed to change the financial system into a better one. As an effort to avoid getting the currency even more inflated, the country’s leaders have decided to put an end to it, as the country is currently doomed with the world’s worst economy.

Recently, we have featured an article about the countries where Bitcoin along with other digital currencies are banned. In our list, Russia was also included, which is one of the few countries which stated that only Government-approved currencies can be used for trading, buying and selling items and service.

Well, Russia’s Central Bank may soon allow, but also regulate Bitcoin transactions, according to a short report issued by a Russian newspaper. While the dramatic change of attitude towards the idea of digital currencies is definitely surprising, this would further allow the market to develop in a country that is famous for having a population that is tech-savvy, especially when it comes down to platforms such as Bitcoin.

We have covered the idea of a Bitcoin bank appearing in the past, while also talking about the possible benefits and cons of such an institution. While there are some companies which are offering bank-like services, there’s no actual Bitcoin bank opened anywhere in the world at this moment in time.

Well, various news reports point towards the fact that the first Bitcoin bank may be on its way over in Switzerland. Chances are that the country of choice may not be surprising at all, considering the fact that Switzerland is home to many of the world’s most popular banks. Together with this, the country is also popular for the neutrality of the government when it comes down to keep an eye on the privacy of the depositors in the local banks. Additionally, the banking system in this region is also famous for being one of the most stable in the world, which is exactly why a Bitcoin bank should choose to put its headquarters right here.

Every day that passes represents yet another improvement for the digital currency market, but you may still not be aware of the fact that there are countries which have not been open to the developments in the cryptocurrency industry.

The main reason behind this is the obvious s that just about anyone can make between money laundering, criminal dealings and digital currencies. Because of this, certain governments believe that they would be better off not allowing the use of Bitcoin and other currencies in their country, regardless of the fact that the number of illegal activities funded with the help of Bitcoin is quite small. Without further ado, here are some of the most important countries where both Bitcoin, but also other cryptocurrencies have been banned for various reasons.

Satoshi Nakamoto, also known as the creator of Bitcoin is one of the most prominent figures on the Bitcoin market, but also the most mysterious, mostly due to the fact that no one knows who he really is.

Since Bitcoin became mainstream, the search for Nakamoto’s identity has lasted years, with hundreds of different theories being considered. During this time, even people not involved with cryptocurrencies at all have tried to solve the mystery and find out who this man really is. What we know at this moment in time, is that someone who had been using the name Satoshi Nakamoto has released the Bitcoin software back in 2009 and has communicated with different people via mail, but never in person, or by phone. A few years later, in 2011, just as the technology began catching momentum, the man mysteriously disappeared, as all emails had stopped.