Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat

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Another Case for Bitcoin as Lebanon Reportedly Targets Depositors’ Fiat

   Adoption Banking Bitcoin Bitcoin News central bank Cryptocurrency Economics    February 2, 2022  |  0

 
Lebanon allegedly plans to forcibly convert foreign currency holdings to its floundering pound (LBP), once again building a case for Bitcoin (BTC). 
Earlier this week, Reuters reported that it had seen a government “blueprint” plan designed to fight the ongoing financial crisis. The plan, the news agency wrote, “projects a 93% devaluation of the Lebanese pound and converts the bulk of hard currency deposits in the banking system to local currency.”…
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