Quote from: NUFCrichard on December 14, 2013, 11:42:12 AM

Check out the NeoBee thread in securities. Cyprus will have a bitcoin bank in the next few months, if it is sucessfull then expect lots more soon.

Cyprus is the jurisdiction that decided to seize assets from everyone. Perhaps better to avoid them unless their population decides to make a grand show for the world by hunting down those responsible...then again, if they were all voting benefits to themselves or something like that, maybe they should think twice. But there's little reason to send money into a hostile jurisdiction with massive problems and the ability to use Sovereignty as an excuse to steal so it can pay for its problems (or send money to those giving loans). It also has the problem that half is currently occupied by Turkey illegally (and unlawfully), though no offense to any Turks around here--it's just a fact of international law (though nobody is enforcing it).

Actually, so long as Turkey's army remains strongish/independent, Turkey could be a better investment in many ways than Cyprus. There really is a large problem with hostilities towards non-Muslims among large populations, but also the cosmopolitan sort; I have family (tenuous family actually, in that it's family-by-marriage only lately-acquired: just being open) that adores Turkey and good friends there, and loves to visit: spent decades either in or in-and-out, apparently, working with technical and engineering firms. Turkey is also troubled by a memory-long minority in the South-east that wants independence so they'll finally stop being at the mercy of other majorities throughout the mideast, but then it has been trying to integrate such people and keeps upping the incentives and outreach to do so; it also has a role balancing mideastern affairs and taking-in refugees from Syria, and sometimes Palestinians, so it aims to be somewhat stable regional player. If I were them I would proceed to remove the illegal plants in Cyprus and apologies for even more brownie points around the world--and show of non-concern and power--but that's just me. Perhaps note before enforceable agreements with the rest of Cyprus that the island's position not be used to claim exclusive through-way through the waters between Turkey and the island but, again, that's just me. (And I'm nobody, so...carry on.)