Spaniards shield assets in Bitcoin to avoid Cyprus-style bank account grabs

Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab - Hit & Run

reason.com 20 Mar '13, 11pm

Spaniards shield assets in Bitcoin to avoid Cyprus-style bank account grabs

Reason The great Cypriot bank account grab of 2013 may or may not be off. Sure, Cyprus's lawmakers rejected a proposal that would carve a chunk out of the deposits of every depositor in the country, but officials are back for another try. The latest proposal would nationalize the country’s pension funds and steal a little bit less from bank accounts than was originally envisioned. Banks remain closed and funds frozen while the details are worked out. Perhaps unsurprisingly, people well beyond the boundaries of the tiny island nation are scared shitless by the idea that government officials might just help themselves to private savings to pay ill-considered government bills. In just two days, the value of Bitcoins has risen 15 percent as Spaniards convert euros into the digital currency. From Bloomberg Businessweek : Since Sunday, a trio of Bitcoin apps have soared up Spain...

Full article: http://reason.com/blog/2013/03/20/covered-at-reason-247-s...

Tweets

@publio71 » 21 Mar '13, 11am
RT @GoldStockBull: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] via #bitcoin
@BitCoinReporter » 21 Mar '13, 9am
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank ... - Reason (blog) [link] #bitcoin
@GoldStockBull » 21 Mar '13, 4am
Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] via #bitcoin
@jasonyoumans » 21 Mar '13, 2am
Interesting traction for Bitcoin. [link]
@mmdevaney » 21 Mar '13, 2am
Government unintentionally pushes alternative currency. Good. MT “@reason: Spaniards Shield Assets in Bitcoin [link]”
@dL_1337 » 21 Mar '13, 12am
again, what is The Firm going to do about Bitcoin? [link]
@nandorvila » 21 Mar '13, 12am
WOW RT @reason: Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link]
@Antiwar2 » 21 Mar '13, 12am
RT @jjmdirector: RT @reason: Covered at Reason 24/7: Spaniards Shield Assets in #Bitcoin To Avoid Bank Account Grab [link]
@MUSlCROCK » 20 Mar '13, 11pm
RT @HelixtheZombie: Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] #indie #rock #music
@LibertyIsNow » 20 Mar '13, 11pm
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] #tlot #amagi #tcot
@HelixtheZombie » 20 Mar '13, 11pm
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] #indie #rock #music
@HipsterLiberty » 20 Mar '13, 11pm
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link] #tlot #hipster #p2
@CraigCeely » 20 Mar '13, 11pm
RT @JD_Tuccille: Spaniards shield assets in Bitcoin to avoid Cyprus-style bank account grabs [link]
@JD_Tuccille » 20 Mar '13, 11pm
Spaniards shield assets in Bitcoin to avoid Cyprus-style bank account grabs [link]
@jjmdirector » 21 Mar '13, 12am
RT @reason: Covered at Reason 24/7: Spaniards Shield Assets in #Bitcoin To Avoid Bank Account Grab [link]
@reason » 21 Mar '13, 12am
Covered at Reason 24/7: Spaniards Shield Assets in Bitcoin To Avoid Bank Account Grab [link]