18 Mar '13, 9pm

Bitcoin-funded debit card holders get 10% of balance confiscated "under instruction from govt of Cyprus": #Bitcoin

As you have probably already learned from the news, the Cypriot government is planning to introduce a one-time tax on all customer accounts held with Cypriot financial institution. In order to secure the collection of this tax, many customers have had funds blocked against their accounts held in Cyprus-based banking institutions. UWC Financial Services Ltd issued a statement confirming that Cyprus bailout will have no effect on the funds held in our customers accounts, as these funds are kept outside Cyprus. For our UWCFS Quick Cards it is regrettable that customers that are holders of the CSC24Seven issued cards will have probably noticed that an unrecognised transaction has been issued on their cards over the weekend 16th-17th March 2013. CSC24Seven the card issuing bank has originated these transactions under instruction from the government of Cyprus to ensure the colle...

Full article: https://bitcointalk.org/index.php?topic=154518.msg1638361

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