Is the future of bitcoin in Europe?
Acceptance and further developments behind the digital currency have been active and apparent in areas such as the United States and Southeast Asia. Coinbase recently announced its expansion into Singapore, and several major players such as Kraken make their home on American soil, but that’s not to say that there haven’t been problems.
For one thing, the U.S. is still coming to terms with the idea of digital currencies in many ways. Regulation stemming from the BitLicense and the various “copy models” we now see in areas such as California and North Carolina has caused several businesses to leave, unwilling to “play by the rules” and put customer privacy on the line. Furthermore, hostility is coming from several businesses looking at regulation as an attempt to halt innovation in the cryptocurrency arena.
Asia has also had an up-and-down, slow-paced relationship with bitcoin. Between Mt. Gox, Russia’s on-again off-again relationship with virtual currencies and China’s alleged bans on bitcoin trading have not done much to further its establishment in eastern countries.
Many are now pointing to Europe as the potential “it factor” behind the perfect home for bitcoin. Due to licensing restrictions in the United