Iceland is home to many Bitcoin mines due to cool temperatures. Auroracoin was launched, by an independent developer, as the world’s first nation-state based digital currency. It’s not exactly caught on, and it’s no affiliation to Iceland.Chinese president Xi Jinping’s family has connections to offshore companies, according to the documents. The president is known for having cracked down on corruption in the country. Jinping claimed technology to be an important part of his platform to grow China’s economy. China accounts for about 80% of Bitcoin transactions in the world.

Source: The Panama Papers-Bitcoin Connection