The popularity of the bitcoin has grown since it was first introduced in 2009. Some regard it as a safe haven and believe the bitcoin will change the world in a positive way. Others, however, point at the high risks of this virtual currency. Being an independent currency (which is not monitored or regulated by any government or other government-linked institution) it can show high volatility and is easier to be used in illegal activities such as money laundering, tax evasion or even the financing of terrorism.