Capital controls in Greece make Bitcoin increasingly attractive
As capital controls continue to impact Greece with the imposition of the newly-agreed economic arrangement, reports suggest that the 1,000 Bitcoin ATMs that are set to be installed in the country by Bitcoin platform Cubits are leading people to view digital currency as an increasingly attractive proposition.&nbsp;Strict capital controls have been in place in Greece since June, leaving people and businesses unable to withdraw more than &euro;60 a day and banned from transferring money to foreign bank accounts; many of these limitations can be circumvented through the use of Bitcoin.
And bitcoin, the so-called 'crypto-currency' could be the solution. According to Coin Telegraph, BTCGreece, the first bitcoin exchange in Greece, plans to install 1,000 bitcoin machines in partnership with bitcoin platform, Cubits.

Seeking Alternatives? 1,000 Bitcoin ATMs Are Coming To Greece: http://t.co/VXeFnWmrYR — AnonymousArmy (@AnonymousNewsHQ) September 7, 2015

Strict capital controls have been in place in Greece since June, leaving people and businesses unable to withdraw more than $66 (60 euros) a day and banned from transferring money to foreign bank accounts. This has led to more people viewing Bitcoin as a viable alternative.

"We are creating the ecosystem of bitcoin and blockchain solutions in the Greek market," BTCGreece founder Thanos Marinos told CoinTelegraph.