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Does/will bitcoin make Cypriot (or anyone's) capital controls ineffective?

• wmf 14y ago
  Not if you wait until after capital controls have been introduced, because then you have no way to convert your EUR to BTC.
  • aj700 14y ago
    You can amass cash in Euros by slowly withdrawing it from chas machines then instead of leaving the country with the cash, you can use a local bitcoin trader to buy bitcoins with it, then turn them back into normal currency when you have left the country.