19/04/19 08:40 UTC-4

Financial geography. The number of cryptocurrency companies and Bitcoin exchangers is increasing in Greece

The number of exchangers for Bitcoin and cryptocurrency companies increases in Greece
The number of exchangers for Bitcoin and cryptocurrency companies increases in Greece

On April 18, information appeared that the number of cryptocurrency exchangers in Greece increased to 31 companies. The sudden increase in Bitcoin exchangers is attributed to the "debt crisis" in 2009 and 2010 and its implications for the Greek economy.


Cryptocurrency regulation in Greece

Currently, 31 crypto-companies are officially operating in Greece. After the crisis experienced in 2010, the citizens of the country began to use cryptocurrency massively. By 2016, more than 200 Bitcoin-ATMs were recorded in Greece, which were actively used by residents.

The popularity of Bitcoin and other altcoins is not an accident, but a natural phenomenon, after restrictions on cash withdrawal were introduced in Greece. So, for example, every resident of the country can withdraw from the ATM no more than 600 euros per day (for tourists, these restrictions do not apply).


Yanis Varoufakis or April Fool's joke about Bitcoin

In April 2015, the Minister of Finance of Greece announced that he was going to make Bitcoin a national cryptocurrency. Residents of Greece reacted very positively to the news and strongly supported the statement of the Minister. Unfortunately, his "statement" turned out to be an ordinary April Fool's joke.


Crypto-testing in Greece

In the same 2015, the Nautiluscoin cryptocurrency began testing in Greece. The coin was considered as an alternative to the euro. Unfortunately, attempts to introduce new crypto into the economy of Hellas were unsuccessful due to the crisis and large debts to the World Bank.


Local exports in Bitcoins

Spartan Route, the local export company, accepts Bitcoins as a payment for transporting goods abroad. In addition, the carrier accepts some altcoins for long-distance transport of goods.

Interesting in the section: BitPay Wallet for storing Bitcoin


Benito Mussolini's palace for Bitcoins and not only

Selling real estate in Greece is no longer a novelty. For example, for 100 Bitcoins tried to sell the Palace of Benito Mussolini. Attempts were not crowned with success, as local authorities intervened. Today in Greece there is a very interesting store – BitPremier. So far this is the world's only virtual Bitcoin-store of luxury goods. Recently BitPremier put up for sale a villa in the city of Messinia for 1.2 million euros, which at the time of sale was equal to 4917,831 BTC.


Bitcoin ATMs in Greece

In August 2015, Cubits, the Bitcoin payment provider, signed a contract with the local Bitcoin BTCGreece network of exchangers. In this cooperation, more than 50,000 Bitcoin-ATMs were installed in the country.

In Greece, the number of cryptocurrency companies and exchangers for Bitcoin is increasing. Recall that France is trying to convince the European Union to create a regulatory framework for the regulation of cryptocurrency.

Editor: Yulia Krasnaya

See also: "Japan: FCA introduces new rules for exchanges and crypto-wallets"

#Greece #cryptocurrency #Bitcoinexchangers #Nautiluscoin #YanisVaroufakis #Cubits



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