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Discussion => Philosophy, Economics and Justice => Topic started by: fugitive189 on April 02, 2013, 11:20 am

Title: Cyprus goes cashless the hard way - is Bitcoin the answer?
Post by: fugitive189 on April 02, 2013, 11:20 am
Interesting article on Forbes about whether Bitcoin (or at least a cryptocurrency) will become more widely used in future as it would allow people to avoid capital controls such as those being levied against major investors in Cyprus:

http://www.forbes.com/sites/jonmatonis/2013/03/24/cyprus-goes-cashless-the-hard-way/

It's probably worth noting that pretty much any Russian with over a million in Cyprus got out of the country over a year ago, seems the writing was very much on the wall.

V.