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What Bitcoin had banned? Yes, many countries in the world has said "NO" to Bitcoin. Why?

Petro, Venezuela's oil-endorsed digital currency should become a legal tender for all transactions that includes government institutions to financial firms to all other companies. The time allotted to this venture is 120 days as per the declaration was given by the Government's Official Gazette.

As cryptocurrencies are flourishing in the business, there are in the surge of conquering the world. There are various countries who are framing rules and regulations to legalize digital currencies. Countries like Japan, Italy Germany have come up with their plan to utilize cryptocurrency and blockchain technology.

The most surprising thing about bitcoin, it has been accepted as legal payment. What is the secret behind the sudden growth of bitcoin trading?

After Bitcoins hit the market successfully, new crypto currencies were developed with few different unique and interesting characteristics relative to BTC. Some emerged in order to emulate BTC's success while others tried to perceive the limitations in BTC and prove competitively stronger. One of them is AltCoins (ALT). ALT adds random block reward mechanism. BTC could not completely be accepted as a legal currency since it is decentralized. Some potential points were left out in opposition to the challenge of its mission as a decentralized currency. However, today the BTC has transformed from a decentralized to a much more centralized one as its computational power is been controlled and managed by large data centers. Read full Article: http://buybitcoinsguide.wordpress.com/2014/04/15/what-is-bitcoins-how-to-buy-bitcoins/