Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector.
Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.
A group of Lebanese expats in Europe organized the Crypto Disaster Relief For Beirut Explosion fund to support those affected by last week's tragedy.
Lebanon's crisis has been raging for years, but the devaluation of the Lebanese pound and a global downturn has made stable financial services even more urgent.
Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.
A massive shortage of dollars is instigating economic chaos, including a more than 50% loss of value in the Lebanese pound and what looks like an enormous local premium for bitcoins. Presented in podcast and full-transcript formats.
Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.
Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology.
Protesters across the globe are testing out bitcoin and other decentralized technologies – then promptly discovering their limitations.
Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation's economic crisis.
The Bank of Lebanon has issued the first digital currency warning in the region.