Topic: bitcoin BANNED in bolivia - page 6. (Read 818 times)
This is not new and not surprising news. Bolivia has recently banned bitcoin, then again allowed its use. The country is not constant in its decisions.
I think that the prohibition of bitcoin and Crypto as a whole in a country like Bolivia should not have a big impact on the market.
Each country that bans bitcoin has big influence to the market but this seem to be not effective and was ignored by many.If you're going to read many posts on the first page this news isn't new.
This was even in wikipedia and it already acknowledged that crypto's there are ban.
https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory
ctrl + f + bol
Literally nobody cares about tiny countries that have no effect on the world, they make these statements as if they will have any effect on the bitcoin industry. Bolivia.... Really? Tell me when the USA bans it. Notice how it's always the most corrupt countries that look to ban it, their corruption is about to be undermined.
this is an old news already and i already read the article but i always wonder why the governments ban bitcoin? especially in some countries although bitcoin is used in crimes such as money laundering and stuff that involves with bitcoin. it became a tool for crimes but computer and internet is also used in crime such as child porn, buying and selling illegal drugs and firearms scamming and hacking why don't they ban computer instead since all online illegal activities is caused by computer.
Just the government of Bolivia does not understand that by doing so, they further alienate its place among the leading countries. The economy, imports and exports, trade and other issues will not be able to develop without digital technologies at an equal speed.
Another FUD thread, isn't it?
No one cares about bolivia, and it does not change anything.
What, if we follow the statement, USD or any other currency would be ilegal too... came on.
No one cares about bolivia, and it does not change anything.
What, if we follow the statement, USD or any other currency would be ilegal too... came on.
The decision to fully ban bitcoin puts Bolivia in unique standing in the international community, as other nations previously believed to be embracing restrictive policies including China, Thailand and Russia have since backed away from implementing similar measures.
such a bad news to open my day?
Read the comments before your. It's an old news from a very long time now. The op is not-relevant to the situation
Not a big surprise. Bolivia is devastated by its socialist government. No wonder they are afraid of crypto which will expose all their drawbacks.
The central bank of Bolivia, El Banco Central de Bolivia said in a statement:
“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”
The details of the ban are fairly draconian: They prohibit the use or ownership of third-party currencies, and prohibit the denomination of prices in any currency except the official currency of Bolivia, the Boliviano. That includes sending money out of the country via Bitcoin, or making most international purchases, effectively isolating the Bolivian economy from the rest of the world.
“It is illegal to use any currency that is not issued and controlled by a government or an authorized entity.”
The details of the ban are fairly draconian: They prohibit the use or ownership of third-party currencies, and prohibit the denomination of prices in any currency except the official currency of Bolivia, the Boliviano. That includes sending money out of the country via Bitcoin, or making most international purchases, effectively isolating the Bolivian economy from the rest of the world.
Its unfortunate that some countries see no reason in letting Bitcoin transact, and still consider it a threat to their national needs. Bitcoin is the future currency and needs more help in realizing its potential, we need all the help we can, and countries banning BTC is not one of them. its such a sad thing for the industry
I think that the prohibition of bitcoin and Crypto as a whole in a country like Bolivia should not have a big impact on the market.
it's for sure but people in Bolivia can't earn money with bitcoin and it's a poor country as we all know. very bad that the local government cuts the opportunities for the citizens to earn some money.
I think that the prohibition of bitcoin and Crypto as a whole in a country like Bolivia should not have a big impact on the market.
BOLIVIA
the central bank of bolivia,el banco central de bolivia said in a statement:
"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."
the central bank of bolivia,el banco central de bolivia said in a statement:
"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."
hm, these weird countries that don't really seem to be built on democratic principles usually either try to exploit crypto for their own benefit (Venezuela) or try to ban it completely (China)
This is a 4 years old news bro! Where were you these day? However, bitcoin is being legalised in many countries and the number is increasing day by day. So, I think one day will come that every countries will adopt bitcoin to deal with it.
This is again one of the same fake news repeated again and again. There is a big difference from considering non legal a currency and to ban it. Of course any country would consider legal only the currency it is issuing itself. But this does not mean you are not allowed to own other currencies.
BOLIVIA
the central bank of bolivia,el banco central de bolivia said in a statement:
"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."
The official Bitcoin ban policy was launched on May 6, 2014. But there is no clear reason why not allow the use of Bitcoin. the central bank of bolivia,el banco central de bolivia said in a statement:
"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."
Since this news is too old, I'm more interested in the question whether the citizens of Bolivia, as well as other countries where crypto-alaith is banned, are being used bypassing the government's prohibition. On this forum, I only once met mention that in his country only for talking about the crypto currency can be put in jail. However, the country was not indicated and how this prohibition is dispensed with and whether the use of crypto-currency is circumvented by a massive ban on the government. This will be a good experience for decentralized Crypto currency and for us. Can anybody share this information?
Wasn't this very very old news though?
https://www.coindesk.com/bolivias-central-bank-bans-bitcoin-digital-currencies/
https://www.coindesk.com/bolivias-central-bank-bans-bitcoin-digital-currencies/
Yes it is a very old news and if I remember it correct it was done last 2014. I dont know why the author posted this topic possibly he have its own reasons why. Anyway to refresh us with this topic last May 2014, the declaration was made by the government including the central bank of bolivia to ban bitcoin and cryptocurrency since it is not controlled by the government. The problem is the other countries on South America such a Brazil and Argentina were permissive to cryptocurrency. If we look at it it was only Bolivia among all the countries who banned bitcoin and the rest were permissive.
I guess we should already lock this topic since it is very old.
Even if they banned crypto it will not effect the market so nothing to be worry
And regarding to being post again since this was happend four years ago,maybe OP had something to explain here..or better lock this thread so posting will stop
we can not blame if it's going to ban it overseas because everyone does not like bitcoin but we do not want to be discouraged because it's important we know it's true and it helps us to let them know what the importance here is that we earn and here we are rich because bitcoin is not a scam.
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