Initially the possibility of people withdrawing Bitcoin to the wild is slim because that would entail them understanding how to use Bitcoin in its raw format, we expect that until we open up the possibility for opening accounts from within the wider European Union direct Bitcoin withdrawals will be almost non existent.

The capital controls are under review in the September meeting of the Troika however this is of no concern because we are signing off on a partnership shortly that will enable the physical notes to remain in Cyprus whilst providing us with those funds electronically outside of the traditional Cypriot banking infrastructure.  This ensures that we have zero exposure with our "competitors", ensuring they cannot try and complicate matters with frozen accounts, temporary holds etc.

We have spent the last 12 months making the necessary contacts with both regulators, government officials and key influential groups such as those now challenging the EU over the bail-ins. The initial lobbying efforts have been very promising, the president himself has spoken about the need for a "Plan B". One of the joys of Cyprus being small is the 2 degrees of separation, in larger countries this would have been a much drawn out process after speaking with personal assistants for months just to ensure a letter is passed onto the relevant person. Here we don't have that problem.