Civil unrest in Lebanon has led to all banks shutting down in the country, leaving businesses and citizens without access to basic banking services. Naturally,
After the civil unrest, banks were closed all over the country. After six working days, a senior executive from a bank said that this status quo will continue until everything gets back to normal.
“Once normalcy is restored, we are very happy that we can resume servicing our customers in full capacity,” said Salim Sfeir, head of local lender Bank of Beirut.
Earlier, there were long queues at the ATMs because worried customers tried to attempt
Crypto Twitter, of course, had the solution. For the renowned Lebanese statistician and “The Black Swan” author Nassim Taleb, the policy which came from the government was sufficient impetus to adopt crypto directly.
“The most potent case for
This anger is pretty much justified considering various episodes of economic chaos in the world, in which states withhold money from their own citizens. Besides Hong Kong this year, India makes another infamous example, which started a range of botched currency reforms in 2016 due to which millions of individuals were left with nothing but worthless notes.
There was soon a dramatic increase in India’s market for Bitcoin, before their hardline policy
What’s worth noting here is that, according to