“Although it has faded somewhat from the press in recent months, Israel remains one of the major hubs of the Bitcoin community worldwide. The country may only have a population of 8 million, but its technological and financial center, Tel Aviv, is home to three Bitcoin-accepting restaurants and a rapidly growing number of startups. The Israeli Bitcoin community is responsible for colored coins, the instant altcoin exchange Coinpair, the peer-to-peer Bitspend alternative Proxycoins, and many others. Now, the latest development in Israel is the emergence of the Israeli Bitcoin Association, a national Bitcoin group similar in spirit to the Bitcoin Alliance of Canada.”
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