The Traderszone Network

Published in TZ Latest News 3 July, 2015 by The TZ Newswire Staff

Fearing return to drachma, some Greeks use bitcoin to dodge capital controls

There is at least one legal way to get your euros out of Greece these days, to guard against the prospect that they might be devalued into drachmas: convert them into bitcoin. New customers depositing at least 50 euros with BTCGreece, the only Greece-based bitcoin exchange, open only to Greeks, rose by 400 percent between May and June, according to its founder Thanos Marinos, who put the number at “a few thousand”.

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