
“This is the first time in modern history when such a large swathe of territory with a pre-war population of 3.8 million people has been left with no banking services whatsoever. All business and personal accounts were closed and ATMs stopped operating leaving businesses and millions of people without any means of accessing their money. CoinTelegraph spoke with the Head of the Cryptocurrency Foundation Russia (CCFR), Igor Chepkasov on how cryptocurrencies are being used in these runaway regions and whether the Ukrainian or Russian governments are capable of doing anything to stop this.”
http://cointelegraph.com/news/113926/kievs-economic-blockade-boosts-bitcoin-usage-in-separatist-east
Related posts:
How Cops' Extra Rights Shield Misconduct
Marc Faber: Even QE99 won't help US; India best in Asia
The tepid mainstream “defenses” of Aaron Swartz
The man who stood up to the NSA, Ladar Levison Lavabit founder
Uruguay may have started a marijuana legalization storm
What Do the Latest NSA Leaks Mean for Bitcoin?
Ukraine Protestors Turn to Bitcoin to Ease Cash Crisis
Report: Apple hack compromised ‘hundreds’ of other companies
House Votes to Repeal Sequester, Give Obama Relief
How Obama murdered the gun culture
Pimco Total Return Had $9.9 Billion Withdrawals in June
The Resident: Why Gov't Consolidates Media
Health Insurance Under Obamacare: "The More You Make The More You'll Pay"
Gold’s Protective Power In Action: India’s Ongoing Currency Destruction
Google report reveals world government requests for private data rising sharply