One of the key examples of the use of bail-ins was in Cyprus, a country saddled with high debt and the potential for bank failures. The country's banking industry grew at an alarming rate after Cyprus joined the European Union (EU) and the Eurozone. This growth, coupled with risky investments in the Greek market and risky loans from two large domestic lenders, led to the need for government intervention in 2013.

2

A bailout wasn't possible, as the federal government didn't have access to global financial markets or loans. Instead, it instituted the bail-in policy, forcing depositors with more than 100,000 euros to write off a portion of their holdings—a levy of 47.5%.

3

At this point in clown world it’s hard to know if it was a glitch, an attack or rug pulled. I tend to lean towards thinking the opposite of what is reported being more likely, but in this case I can be sure that Bitcoin fixes this. 😁

That money in your bank account is not money & is not yours.

*Some dude on a centralised media platform*

Brian Armstrong > Jim Cramer

following a lot of under 100 followers people recently

#plebchain

#zapchain

Thought the same. Followed you 🫂

This is pure Proof of Work! 💪🍞🤙The experimental sourdough worked beautifully. Now let's work on the sourdough Pizza Napolitano dough...🍕

Looking at my btc wallet and it says i cant chill yet...

Is Banksy on Nostr? Tag him please 🤙🍀🫂

Alright team, the kind masseuse in LGA Terminal B is now set up with a Muun Wallet.

If you a flying through NY, be sure to stop by.

Your profile has a really long neck.

Neat! Let's increase that 13