As the Greek financial crisis continues bringing down the value of stock prices and the euro world wide, use and interest in digital currency bitcoin has skyrocketed. Bitcoin companies internationally are reporting huge spikes in […]
Tag: Capital Controls
Government Closes Greek Banks As Country Nears Default
Greek officials scrambled over the weekend to prevent the country’s financial system from collapsing in panic, with banks in the eurozone nation staying shut on Monday. The capital controls, designed to prevent badly needed currency […]
Greece To Join Australia In Taxing Cash As Soon As Next Week
In what looks to become a trend, reports emerged today that Greece is finalizing capital controls that will take the form of a tax on withdrawals. The country is also considering a ‘ceiling’ on the […]
Swiss Banks Latest To Declare War On Cash, Ban Withdrawals
Stunning news out of Switzerland this weekend where a Swiss pension fund manager, after calculating that he would save at least 25,000 CHF per year on every CHF 10m deposit due to negative interest rates, […]
Greece Teeters Closer To Bankruptcy, Announces More Capital Controls
The latest developments in Greece do not appear to be positive. Last week, the Greek government seized “excess cash” from municipal government to replenish the central bank coffers so that Athens would be able to […]
Greece Announces Capital Controls, Moves Closer To Bankruptcy
Greek citizens awoke this morning to their country being one step closer to bankruptcy. Yesterday, following weeks of intense speculation, Greece finally launched its first round of capital controls, when it declared that due to […]