Worsening Lebanese Crisis May Spark Bitcoin Adoption

[cheezcarls]

The middle eastern nation of Lebanon has been suffering its worst civil and economic crisis since its civil war in the mid-1970s. With no end in sight, the desperate yet resourceful population may start to explore Bitcoin as a weapon against the corrupt political and banking system.

BeInCrypto first reported on the civil unrest in Lebanon in October. Demonstrators took to the streets to voice their objections to a planned tax hike on tobacco, fuel, and telecom tariffs. As is often the case, this quickly morphed into a general movement against political and financial corruption.

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