Can blockchain technology be used as a tool to tackle corruption in Greece?
In today’s digital age, it is imperative that governments and public institutions around the world undergo digital transformation, utilizing new technologies and data to develop innovative and efficient public policies. One such technology with a wide range of potential applications is blockchain, which offers the promise of more transparent and accountable processes and the ability to combat corruption.
According to the OECD, blockchain technology is a distributed ledger that records, stores, and provides access to digital transactions without the need for a central authority. Each new record in the blockchain is connected to the previous one using cryptographic methods, making blockchain records immutable.
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If you are planning to relocate to Greece or purchase property in the country, it is essential to have a local bank account. In the past, opening a new bank account in Greece was a challenging task due to strict regulations in the banking sector. However, as the Greek economy has improved, these restrictions have been eased, and the process of opening a bank account in Greece is now straightforward.
Read moreThe New Rules for Greek Golden Visa in 2023
In September 2022, the Greek Prime Minister announced that the minimum investment amount for property acquisition for the Greece Golden Visa program would be increased from €250,000 to €500,000 in 2023, to help make real estate more affordable for Greeks. On December 21st, 2022, the Greek Ministry of Development submitted an amendment to parliament to raise the minimum investment amount to €500,000, which would only apply to certain areas of Greece.
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