Blockchain in Cyprus: active steps towards a new economy
https://bitcoingarden.org/blockchain-cyprus-active-steps-towards-new-economy/In 2013, the country suffered a debt crisis that paralyzed the Central Bank. I
n addition, the taxation on bank deposits was approved. These aspects lowered the republic position in the financial world. Nevertheless, such new technologies as cryptocurrencies and blockchain are warmly welcomed. Nowadays, Cyprus rides on a wave of decentralized economy. The country is attractive to blockchain startups and is likely to be among the pioneers of blockchain inclusion in the government control.
Well that's a bit of a frickin' understatement isn't it? They stole all funds over 100,000 euro and some from those under that. Sensible people won't touch the Cypriot banking system for a long, long time. Nobody forgets losing their livelihood.