Posted September 28, 2018 16:31:56Greece has become the latest country to embrace the cryptocurrency bitcoin.
Greeces government announced the plan on Tuesday.
The decision came after a group of experts from the countrys central bank, finance ministry, economic development ministry and the country’s central bank’s finance and economics department met with bitcoin experts from across the globe to discuss the possibility of the cryptocurrency being used as a form of payment.
Grees central bank has long been the source of controversy for its stance on bitcoin, with its decision to introduce a ban on the digital currency.
Its previous attempt to use the digital currencies for payment failed in 2018.
In 2017, Greece launched the first bitcoin-based payment terminal in the country, known as a bitcoin ATM.
The ATM can accept bitcoin, ether, litecoin and other digital currencies.
Since then, Greece has also started accepting bitcoin payments through its payment service, eGreeks, as well as its official payment portal, eBid.
The central bank also has a bitcoin debit card which allows Greeks to make cash withdrawals from banks or ATMs.
A number of countries, including the United States, have recently begun accepting bitcoin as payment for goods and services.
However, the European Union, which governs the bloc, has banned the currency for non-financial goods.
The euro zone has been rocked by the spread of bitcoin and other cryptocurrencies in recent months, as the central bank and the European Central Bank have been reluctant to regulate them.
However, the EU recently adopted a “technical proposal” on bitcoin regulation which would allow it to impose stricter financial rules on cryptocurrencies.
The proposal has yet to be published.
In a statement, the central banker said that the government was considering a number of measures aimed at controlling and regulating the use of cryptocurrencies, including measures to prevent their use for money laundering, counterfeiting and other criminal activities.
“We have to do everything to prevent illegal uses and to limit their use,” the statement read.
The Greek government is currently considering whether to accept bitcoin as a means of payment for all government services.
If the decision is taken, the move will have significant implications for Greece and its economy.