Spaniards spooked by Cypriot savings grab turn to virtual currency to hide money from THEIR cash-strapped government

Spaniards spooked by Cypriot savings grab turn to virtual currency to hide money from cash-strapped governmentTrio of Bitcoin apps soar up Spanish download chartsBitcoin is a decentralised peer-to-peer currency that cuts out banksValue soars from 32 to 48 per Bitcoin in just a week 10en.pdf” rel=”nofollow” target=”_blank”> European Central Bank report published last year warned that increased demand for Bitcoin 'could have have a negative impact on the reputation of central banks'. 'The public may perceive the incident as being caused, in part, by a central bank not doing its job properly,' the report added presciently.