Why Cyprus Became a Web3 Hub: A Timeline of the Cyprus Banking Crisis Crypto Connection, Capital Controls, Regulation, and Crypto Adoption

March 2013 nearly broke Cyprus apart. Banks suddenly shut down, cash machines froze solid, while people found themselves locked out of their own accounts. Big deposits took a sudden hit, and funds were slashed without delay. Trust did not erode quietly. Instead, it shattered completely at that moment. Out of nowhere, banks in Cyprus began […]