A deepening monetary crisis has seen Lebanon’s national currency plummet a further 50% over the last 10 days to reach parity with a single satoshi.
A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets.8738
An enormous disparity between the market value and the official peg of Lebanon’s lira has resulted in chaotic pricing on Localbitcoins.12173
Banks have already been closed for six working days due to civil unrest, with fresh information confirming they would stay that way for an unspecified time.10966
The Central Bank of Iran plans to conduct a comprehensive review of its policies covering Bitcoin and other cryptocurrencies.4467
Lebanese central bank Governor has claimed that Bitcoin and other virtual currencies are “unregulated” commodities whose use should be prohibited.19131
In order to boost the Lebanese startup scene, the United Kingdom, in collaboration with Lebanon's central bank, the Banque du Liban (BDL), has launched the UK Lebanon Tech Hub.633
A warning from the Bank of Lebanon, issued in mid-December, ran through a list of risks related to Bitcoin and cryptocurrencies in general.562