While most Bitcoin users in Russia prefer to hide their interest in cryptocurrency, because of the unclear outlook on cryptocurrency regulation, the head of Russia’s largest bank – Sberbank – has confirmed that he has exchanged some of the Bitcoins he had into fiat money.
In Canada the major problem for local cryptocurrency exchanges is banking. This issue has booted major Bitcoin exchanges like Kraken, Coinsetter/Virtex, and Coinbase from Canada. Taurus, Coinsquare and QuadrigaCX are still working in the jurisdiction of Canada.
The Portable Bitcoin ATM presented by LocalBitcoins in October 2016, may cause MSB compliance issues. In a conversation with CoinIdol.com, Anti-Money Laundering specialist Joe Ciccolo advised potential consumers to heed four warnings before they begin doing business with the portable Bitcoin ATM (BTM).
Donald Trump becomes the president-elect of the United States and the Bitcoin price reacts immediately. CoinIdol.com conducted a survey and asked Bitcoin and Blockchain experts about possible price changes.
In recent days, several reports were published in Ukraine’s media, telling about national deputies declaring their wealth in cryptocurrency. Is it possible that deputies don’t believe in the national currency and want to promote Bitcoin as the state currency? CoinIdol.com analysed the situation.
There is a source of growth for the second economy in the world that is in the Shadows. How will cryptocurrencies influence this economy (aka System D)? CoinIdol.com FinTech News Outlet spoke to Geir Solem, founder and Chairman of the Cryptor Trust group of companies.