“‘The system is based on the concept of proof of work,’ explained David al-Achkar, a Lebanese entrepreneur and active member of the regional Bitcoin community. In December 2013 the Lebanese Central Bank issued an official warning regarding Bitcoin. ‘Transactions conducted with Bitcoins facilitate money laundering and the financing of terrorism,’ said a circular issued by the Central Bank. Regionally, the limited Bitcoin economy appears to serve more mundane purposes. Earlier this month Dubai-based restaurant The Pizza Guys began accepting Bitcoin payments. Over the past 10 days, The Pizza Guys has processed seven Bitcoin transactions.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Japan: Fukushima clean-up will cost $58 billion
Robber tries 3 police stations before turning himself in
Don’t laugh - Bitcoin is making a serious point
U.S. diplomat warns of global effort to curb Internet freedom
Police, Looking for 6 Foot 270 lb Black Man, Shoot 2 Asian Women Delivering Newspapers
Flamboyant Australian tycoon unveils plan for Titanic replica
Apple pays Swiss rail $21million over clock dispute
German tax officials raid UBS clients' homes
Paiute tribe opens 'Largest marijuana store on the planet' in Las Vegas
More Greek firms eye low-tax Switzerland
Puerto Rico Budget Won’t Include Borrowing, Official Says
Rules Aimed at Tax Evasion Abroad Trip Up Average Americans
China arrests nearly 1,000 doomsday ‘cult’ members of ‘Almighty God’
Man Cavity-Searched After Rolling Stop At Wal-Mart
Ex-FBI agent lands at CNN after blaming his departure on 'relentless attacks'