University in Cyprus to Accept Bitcoin for Payments
Can pay for tuition and school fees
Deal agreed to in March resulted in businesses losing capital
What could possibly go wrong?
Those with over 100,000 euros in Cypriot banks could lose up to 60 percent of their deposits
Nicos Anastasiades says the situation has been "contained"
Who's money, the account holders' or the government's?
According to Cypriot finance minister
G4S has been working with police and will provide security for banks
Stealing people's money makes them angry
Which has everybody a little antsy
Government still fears a run on the banks
We wouldn't want a run on the banks, would we?
Fears that other countries will follow suit
Would a tax on Cypriot bank accounts be that different from taxation in America? Not really.
Europe slouching toward something
Dmitry Medvedev invokes Lenin, says what is going on in Cyprus is the "stealing of the stolen"
The IMF demanded that the deal would not need approval from the Cypriot government
German chancellor doesn't like Europe being tested
Taking what they can while the government tries to sort out a deal with the European Union
Cypriot government has until Tuesday to offer the European Union a bailout deal
Help Reason push back with more of the fact-based reporting we do best. Your support means more reporters, more investigations, and more coverage.
Make a donation today! No thanksEvery dollar I give helps to fund more journalists, more videos, and more amazing stories that celebrate liberty.
Yes! I want to put my money where your mouth is! Not interestedSo much of the media tries telling you what to think. Support journalism that helps you to think for yourself.
I’ll donate to Reason right now! No thanksPush back against misleading media lies and bad ideas. Support Reason’s journalism today.
My donation today will help Reason push back! Not todayBack journalism committed to transparency, independence, and intellectual honesty.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges central planning, big government overreach, and creeping socialism.
Yes, I’ll support Reason today! No thanksSupport journalism that exposes bad economics, failed policies, and threats to open markets.
Yes, I’ll donate to Reason today! No thanksBack independent media that examines the real-world consequences of socialist policies.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges government overreach with rational analysis and clear reasoning.
Yes, I’ll donate to Reason today! No thanksSupport journalism that challenges centralized power and defends individual liberty.
Yes, I’ll donate to Reason today! No thanksYour support helps expose the real-world costs of socialist policy proposals—and highlight better alternatives.
Yes, I’ll donate to Reason today! No thanksDonate today to fuel reporting that exposes the real costs of heavy-handed government.
Yes, I’ll donate to Reason today! No thanks