Why Bitcoin's Star is Rising in the Czech Republic
Bitcoin's public image may have taken a beating recently, with its price dramatically falling at the beginning of the year and the recurring coverage of the Silk Road trial dominating the headlines. However, there is evidence to suggest that bitcoin's popularity may be rising in the Czech Republic. Downloads of the free bitcoin-QT client in the country have soared in the last month, surpassing the US - the former world leader - and topping the downloads table with 777. Martin Stránský, CEO of Prague-based bitcoin center wBTCb, attributed the rise in part to the country's "strong....
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In line with the recent legislative policy led by the European Commission, the Czech Republic government aims to create a more strict approach to cryptocurrency anonymity. Czech Republic’s Ministry of Finance Enforces Cryptocurrency KYC Procedures. Bitcoin and cryptocurrency are a popular phenomenon in the Czech Republic and the city of Prague. The....
Bitcoin can be used in various countries around the world just about any item or service you want to, depending on how you are looking to spend your digital currency. While most of the focus is on the Western countries, the Czech Republic is seeing an interesting trend in terms of Bitcoin awareness and adoption. According to the statistics provided by CoinZone, the Czech Republic is quite active in terms of Bitcoin adoption and usage. With 55,000 wallet downloads – in a population of 10.5 million – that may not seem like much, but it’s a definite start for this Eastern European country.....
On Saturday, December 4 and 7, Node5 will host lectures on Bitcoin in the Czech Republic. Node 5 serves as a startup community and coworking center in Prague, Czech Republic. The main purpose of the December 4 and 7 events are to conduct a Bitcoin educational event, consisting of two parts. Both segments aim to teach the audience how to get the best experience when using Bitcoins. The first event, from 7PM till 9:30PM, is a free lecture, aimed at providing general insight into Bitcoins for beginners. You can find the programme in Czech and in English here. The second event, on December 7....
Czech investment firm Marlyle has announced plans to set up the first bitcoin ATM in Prague, the Czech Republic's capital. The company's website indicates it will launch a Robocoin machine - possibly the first one to be operated in Europe - which will allow users to purchase and sell bitcoins. Marlyle has ordered three bitcoin ATMs from US manufacturer Robocoin Technologies, with the first one set to be located in the Smichov district of the Czech capital. The contract, signed in December last year, is worth about 1,500,000 CZK ($74,500) according to the operator. Under the plan, Marlyle's....
The Czech Republic has introduced a law restricting bitcoin, according to an article by Elizabeth Vejvodova, editor of Pravni radce (Legal Counselor). The article noted that more than 80 locations in Prague accept bitcoin. The Czech Republic previously had no law regulating cryptocurrency. An anti-money laundering law prepared by the Finance Ministry requires virtual currency exchanges to determine the identity of customers. Bitcoin users will no longer be able to “hide behind fake names or nicknames.” The Finance Ministry determined that it is possible to disguise links to criminal....