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<p>[QUOTE=&quot;Juan Blanco, post: 1684823, member: 41665&quot;]Enterprising Cypriot traders skipped Gold for BitCoin.</p><p><br /></p><p><a href="http://blog.willis.com/2013/03/5-financial-news-stories-you-may-have-missed-wakey-wakey/" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://blog.willis.com/2013/03/5-financial-news-stories-you-may-have-missed-wakey-wakey/" rel="nofollow">http://blog.willis.com/2013/03/5-financial-news-stories-you-may-have-missed-wakey-wakey/</a></p><p><br /></p><p>&quot;While that is hardly a lot of money in foreign currency terms (foreign&nbsp; exchange markets trade $4 trillion a day) what makes it particularly&nbsp; intriguing, and topical, is that when Cyprus imposed restrictions on&nbsp; moving money offshore this week, <b>it is believed that certain&nbsp; enterprising Cypriots bought Bitcoin with their restricted Euros.&nbsp; Bitcoin is transferable anywhere with the touch of button. While it is&nbsp; unclear what impact the Cyprus announcement had on the e-currency,&nbsp; Bitcoin values rose 20% …<i>this week!</i>&nbsp; It’s not clear if regulators&nbsp; can, or plan to try to, control this rather odd market– but, trust me,&nbsp; Cyprus is already doing the homework.&quot;</b>[/QUOTE]</p><p><br /></p>

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