Can the Bitcoin Economy Help Greeks Hide Their Wealth?

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Greece continues to suffer from economic turmoil as European lenders and the International Monetary Fund (IMF) struggle to impose austerity measures across the country. Furthermore, in just over a month, in spite of Greek capital control restrictions, citizens have withdrawn 2.5 billion euros from regional banks. The turbulent economy in Greece may once again cause more demand for bitcoin as a safe haven.

Also read: 10,000+ EU ATMs to Cash Out Bitcoin 

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Can the Bitcoin Economy Help Greeks Hide Their Wealth?Greek citizens are only allowed to withdraw 1,800 euro per month due to capital control restrictions. However, the country’s capital flight policies have not stopped a vast amount of Greek residents from taking their funds out of the banks this past month. Throughout the years of economic depression surrounding Greece, bitcoin

Read more ... source: TheBitcoinNews

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