9 Exchanges to Buy Bitcoin & Crypto in Cyprus (2020)
Bitcoin booms in Africa Cyprus Mail
Cyprus Cryptocurrency Regulation Analysis
21 Exchanges To Buy Bitcoin In Cyprus (2020)
Bitcoin - The Currency of the Internet
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Thank you all for your upvotes, replies and messages. You've raised some interesting points and I would like to share some of my thoughts on them. Cypriots are sensibly cautious about giving their hard-earned and increasingly hard to come by cash to buy into a digital currency that has a high volatility rate, is not tangible, has received bad press from the media and most of all, is not accepted anywhere in the country... yet. Moreover, buying Bitcoin in Cyprus is not as simple as in other countries. Bank transfers are out of the question, capital controls severely limit the amount of cash that can leave the island and there are absolutely no reliable bitcoin sellers in Cyprus. So even those interested in buying and using Bitcoin aren't doing it... yet. My initial idea was to ask the international bitcoin community for donations so that I can give them out as tips to attendees of the first Bitcoin Forum in Nicosia on May 25. I understand that there is an issue of trust; how do you know that I won't just keep the donations for myself. Fact is, you don't. But how else can we get Bitcoin into the Cyprus economy? Your feedback has helped me narrow my scope and focus. It is very encouraging how many of you are willing to use your Bitcoin to support the Cypriot economy by purchasing Cypriot products with Bitcoin. I'm sure many farmers, producers, beekeepers, agriculturalists, hydroponic growers, manufacturers etc will be excited to know that there is a global market out there for them that doesn't require access from the government, the banks and wholesale exporters. I will actively begin discussions with cooperatives and independent farmers next month and update you on the progress. Meanwhile, I've created a facebook page if you would like to follow: facebook.com/RebootCyprusWithBitcoin Critics of Bitcoin have noted that Bitcoin's volatility is due to the fact that it used as a commodity for speculative trade rather than as a currency. That's because it hasn't been used as a national currency... yet. Here is a chance to legitimize Bitcoin in the eyes of its doubters and give an entire country a new hope for a better future. And why limit ourselves to the primary sector? Let's get Cypriots to propose business ideas, start up companies and new services and not donate to them, but INVEST in them with Bitcoin. Here's a chance to really test the limits of Bitcoin's genius. Please keep sending your feedback and ideas and I will do my best to address them. Thank you very much!
Just letting you know that I've created a facebook page and event: https://www.facebook.com/RebootCyprusWithBitcoin?ref=hl The venue will be determined by the number of confirmed participants, so please join only if you intend on coming. During this inaugural forum, there will be a short introductory presentation of bitcoin followed by an open discussion. Explaining the technical aspects of Bitcoin in English is challenging enough and since the goal is to encourage Cypriots to understand and use Bitcoin, the presentation and much of the discussion will be in Greek. If you do not speak Greek but would like to participate, please do not be discouraged. You can express your opinion and ask questions in English, everyone here speaks the language. If you are unable to attend but still want to encourage other people to come, please don't do so by pressing "Join". Express your support by writing something on the event or group wall. This will be an enormous help; people are more likely to attend the event if they see that there is an entire world watching, supporting and wishing them to succeed. The Forum will take place even if it's just me talking to one other person at a cafeteria. If up to 20 people attend, I will book an auditorium. If it's up to 100, I'll book a bigger one. If it's over 1000 we'll have an open air Forum at Freedom Square in the heart of downtown Nicosia. You get the idea. Point is, I can't do this by myself. I need your help and active involvement. This is what I will do over the coming 20 days to promote the event:
Get media coverage from personal contacts I have at Phileleftheros - Cyprus' largest daily newspaper.
Update my Greek (bitcoingr.wordpress.com) blog more frequently with Bitcoin related information
Start a YouTube channel and upload videos of me talking to shopkeepers, farmers, entrepreneurs and ordinary citizens in Cyprus about Bitcoin
Assign administration of facebook page and social media promotion to anyone interested and passionate about Bitcoin
I am currently in Greece for Orthodox Easter and will return to Cyprus some time next week. Keep those comments coming, this is getting exciting. Some quick responses to comments: u/ExeciN:
I live in Cyprus. I am a Cypriot citizen. I am tracking Bitcoin since 2010. I haven't heard of any Bitcoin-related event happening in Nicosia (if you exclude this reddit post). If you want that project to succeed, Cypriots need to know about that more than any other. If I wasn't subscribed to that subreddit how would I knew about it?
You haven't heard of any Bitcoin-related event because there hasn't been one yet. If you've been tracking Bitcoin since 2010, then you are far better qualified than I am to talk about it. Now that there is an event, I hope to see you there and share your knowledge with the rest. Join the event on facebook and please share it on your news feed. u/kmeisthax:
Look, I think you're god damn nuts, and I hope your project fails.
Gee, thanks. But let's talk about your failure to understanding something. You consider printing a new currency as the best option for Cyprus. This new currency, whatever it is, will be massively devalued to reflect a massively devalued economy. The cheap currency will incentivize exports in the primary sector, leaving the local economy to either import from poorer countries with cheaper currencies or try and match the prices of export, thus raising prices. Furthermore, the country's debt will still be in euros. A devalued currency will increase the debt to unsustainable levels and lead to a catastrophic default. Those with euros tucked safely away in foreign banks will then buy out properties and assets at fire-sale prices. So congratulations, your vision for Cyprus is one of abject poverty and despair for anyone who doesn't own hotels, farms or has all their money in banks outside of Cyprus. Bitcoin is a currency that will increase in value the more it is used and circulated. And it doesn't need to be annointed an "official currency" by any government nor does it need to be printed by a central bank that belongs to a global financial system that is designed to accumulate wealth in a pyramid scheme through fractional reserve. All it needs is a software installation on your computer. To be fair, your reservations about the practicality of using Bitcoin in everyday transactions are quite valid and it is something that everyone in the community shares. But that is why we need a Forum, to discuss solutions to these problems. They are not insurmountable. I hope you will attend in good faith and discuss your concerns with everyone else.
Hi all, Does anyone know a method of converting 1.5 BTC in cash in Cyprus? Tried through Bank of Cyprus and Hellenic Bank but they won't allow it. They are saying that the Cyprus Central Bank directive prohibits them from allowing any type of crypto currency transaction. Revolut no longer allows you to top-up from an external BTC source (Blockchain official wallet in my case) since they have added their own BTC buy/sell option within the application, essentially forcing you to invest in BTC only through them. Any suggestions?
Why I believe we're on the cusp of the 3rd great Bitcoin bubble
We've recovered from the last crash You might think it's a bit early (based on the time frame for the last recovery), but things are looking a lot different than in 2011. I would suggest its because the last bubble popped prematurely due to Mt. Gox's failure of a trading engine. Interest in buying Bitcoins has gone up to its highest point since the last bubble. There's a similar spike in general interest. Partly helped along by the Silk Road news. The network is being used at the same rate as during the last bubble. The Bitcoin ATM story (see below) is causing Bitcoin to trend in Canada on Google (was #1 for a bit). The $27 story (see below) will almost certainly cause a large spike worldwide in Google trends once they're updated up to yesterday. Lots and lots of new businesses now accept Bitcoins One legitimate criticism of Bitcoin last year was the lack of places to spend them. We basically just had Alpaca Socks, Reddit and Wordpress, we've grown a lot since then!
The $27 story is going massively viral I think the attention this story is getting took a lot of us by surprise. We're thinking "of course if you bought Bitcoins in 2009 you're rich" and it didn't make much of a splash. But to the rest of the world it's a very novel and interesting story.
Institutional money is coming Afraid with the price at $200 that it will be hard to find enough moms and pops to keep money coming in faster than miners are selling? Don't be, there are individuals out there with a net worth higher than the entire Bitcoin ecosystem.
Governments are explicitly saying it's not illegal More and more governments are either saying Bitcoins are legitimate currency, or releasing guidelines for exchanges to comply with anti-money-laundering laws.
New generation of exchanges Mt. Gox's terrible trading engine was a huge factor in the last crash. They couldn't keep up with all the new interest. This time around there are more exchanges in more countries, and not a single point of liquidity.
Cyprus supports bitcoin as a non-regulated form of money and is a popular place for people to buy bitcoin. Here are the 21 best exchanges in Cyprus to buy bitcoin. Need a reliable bitcoin wallet? Have a look at our wallets page. Coinbase The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most ... The legality of Bitcoin in Cyprus is in good standing, and it has even been declared a legal tender. The country's government has no plans of banning or otherwise restricting merchants and consumers abilities to trade digital currencies with each other for goods and services. Locations of Bitcoin ATM in Cyprus The easiest way to buy and sell bitcoins. Locations of Bitcoin ATM in Cyprus The easiest way to buy and sell bitcoins. Producers. Genesis Coin (3577) General Bytes (2994) BitAccess (1036) Coinsource (633) Lamassu (527) All producers; Countries. United States (7996) Canada (887) Best Bitcoin Exchange for Cyprus. Crypto currencies and especially the only true Bitcoin are booming and are accordingly also widespread in Cyprus, almost every new emigrant we have met and (like most) online entrepreneurs is also a crypto user.
In this interview, Andreas answers questions about Bitcoin's development into a secure, borderless system that is already influencing geopolitical relations ... MOOC 10, 4th Live Session with Andreas Antonopoulos - Bitcoin in Practice I - Duration: 1:06:21. MSc in Digital Currency - University of Nicosia 1,425 views 1:06:21 This weeks show is filmed in two parts from Cyprus where Roger Ver talks with Daniel Kelman who is an advisor and bitcoin cash advocate. This episode Roger unveils meeting the president of Cyprus ... VISA's CBDC Patent, Vechain Walmart transactions come alive again, XRP Tipbot gets fiat onramp - Duration: 5:41. Crypto Daily Update 848 views First Blockchain & Bitcoin Conference in Cyprus (Limassol) will take place on November 30, 2017 The organizer - Smile-Expo - has been holding the largest conferences and exhibitions dedicated to ...