Lebanon

Lebanon Preparing Central Bank Digital Currency for 2021 Rollout

Central bankers hope the CBDC will help restore confidence in Lebanon's shaky banking sector.

News  ·  10 November 2020

Binance Charity Pledges $20K to Beirut Explosion Relief Efforts

Binance's charity arm is donating $20,000 to the victims of an explosion that rocked Lebanon's capital earlier this month.

News  ·  18 August 2020
CoinFlash

Bitcoiners Launch Cryptocurrency Relief Fund Following Beirut Explosion

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.

People  ·  11 August 2020
Lebanon

How Bitcoin Fits Into Lebanon’s Banking Crisis

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.

Business  ·  5 June 2020
Bitcoin

Bitcoin in Emerging Markets: The Middle East

Regions with weak states and educated diasporas are seeing a rising demand for cryptocurrencies, stablecoins and decentralized applications.

People  ·  4 May 2020
Lebanon

When Currencies Fail: A Primer on the Dollar Crisis in Lebanon

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.

People  ·  29 April 2020
Bitcoin

Despite Bitcoin Price Dips, Crypto Is a Safe Haven in the Middle East

Bitcoin fell 40 percent this week from coronavirus shocks, but it's still seen as a safe haven in the Middle East.

Policy & regulation  ·  13 March 2020
Bitcoin

Lebanese Bitcoiners Show How to Talk About Crypto at Thanksgiving

Amid civil unrest, bitcoin is helping some Lebanese get by. Emphasis on the word “helping.” Traditional social ties are as important as technology.

People  ·  27 November 2019
Bitcoin

Global Protests Reveal Bitcoin’s Limitations

Protesters across the globe are testing out bitcoin and other decentralized technologies – then promptly discovering their limitations.

Tech  ·  21 November 2019
Exchanges

How Lebanon’s Economic Crisis Highlights Bitcoin’s Limitations

Bitcoin users in Lebanon have numerous hurdles to overcome to develop a local market during the nation's economic crisis.

Policy & regulation  ·  28 October 2019
Regulation

Lebanon’s Central Bank Issues Bitcoin Warning

The Bank of Lebanon has issued the first digital currency warning in the region.

Policy & regulation  ·  2 January 2014