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International Forex trading hub, Cyprus, signals that much tighter standards will be enforced within 9 months, causing uncertainty among FX companies, some of them holding bitcoin/fiat positions.
Danny Brewster, ex-CEO of Neo & Bee, a Cyprus based Bitcoin company, who is accused of fraud against customers, has shown up in public trying to clear his reputation a few months before a court case settlement.
Cyprus based Bitcoin exchange Authenta Trade aims to become a licensed exchange and Cyprus Investment Firm (CIF) after the approval of regulator.
In a possible redux of the handling of the Cyprus economic crisis from 2013, Greek banks are setting new contingency plans for a possible “bail-in” to avoid collapse.
Bitcoin prices are on the move upward. Bitcoin volume trading is on the move upward. Greece is on the move downward to a total collapse. Coincidence? I think not.
Bitcoin regulations in Europe.
Today, the embattled CEO of Neo & Bee, Danny Brewster, went to reddit to refute accusations of fraud and embezzlement, which led to the Cypriot police issuing a warrant for his arrest last Friday.
Cyprus was long used as an offshore haven for fiat currencies, but the financial crisis of 2012-2013 culminated in massive levies on uninsured bank accounts in Cyprus with deposits of at least 100,000 euro.
The Cypriot Bitcoin community has been talking about this for some time, and now it’s finally here: The University of Nicosia in Cyprus has opened up registration for its massive free online open course, “Introduction to Digital Currencies.”
Neo & Bee, a pair of businesses working in tandem, are making Bitcoin a lot easier to adopt in the island nation by opening physical locations that look and act a whole lot like banks.
Without a hint of irony, the central bank of Cyprus warned citizens against cryptocurrencies, noting that such money is not government-backed, volatile and ripe for money laundering.
One developer in Cyprus is selling luxury beachfront apartments for about 120 BTC each.
Bitcoin Is Going to Rise from Ashes
The University of Nicosia in Cyprus informed that it is starting to settle for Bitcoins as a payment of tuition and other fees.
Daniel Cawrey at CoinDesk has a must-read piece on wealth transfer and the effect Bitcoin has on this.
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