Re: Moving bitcoins out
My problem is with the statement that...
This does also mean that one can make a transfer into an alt-coin exchange within the country. That can then, in turn, be moved to another alt-coin exchange anywhere in the world: a pretty handy way of getting your money out of Greece.
So, you want to move your money from your bank account to that of an alt-coin exchange in the country (as only intra-country transfers are still permitted) in order to purchase digi coins and move the money overseas. This is because, presumably, you don't want to be the one without a chair when the music stops.
However, does the exchange not also have the same issue? They now have an account full of immovable currency in place of bitcoins. Sure, they may have seriously haircut you on the purchase but then they now have a much bigger issue when the music stops. Currency controls affect everyone so how are they magically mitigating this? Buying gold, diamonds?