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Does/will bitcoin make Cypriot (or anyone's) capital controls ineffective?


Not if you wait until after capital controls have been introduced, because then you have no way to convert your EUR to BTC.


You can amass cash in Euros by slowly withdrawing it from chas machines then instead of leaving the country with the cash, you can use a local bitcoin trader to buy bitcoins with it, then turn them back into normal currency when you have left the country.




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