That's not true in Ecuador.
The National Assembly of Ecuador has effectively banned bitcoin and decentralized digital currencies.
http://www.coindesk.com/ecuador-bans-bitcoin-legislative-vote/
Topic: Bitcoin’s Future Looks Positive But Remains Unclear In South America (Read 342 times)
May 20, 2015, 08:31:28 AM
Regardless of how you look at it, Bitcoin is slowly maturing as a currency. Its underlying technology — powered by the blockchain — is gaining more attention, which could be beneficial for everyone around the world. Despite Bitcoin often being labeled as “volatile,” it will eventually stabilize in the same way as traditional currencies are “stable.”
A lot of Bitcoin’s future will depend on the regulatory landscape, which is another topic spurring quite a few debates. Many “core” Bitcoin enthusiasts feel there is no need to regulate Bitcoin, in the same way as the Internet should remain unregulated at all times. Others feel that proper regulation will legitimize Bitcoin in key parts of the world.
In South America, however, there does not seem to be any rush concerning the regulation of Bitcoin and blockchain technology. Some see this lack of concern ass a blessing, while others remain afraid of jumping ship as there is no “governmental control” over this disruptive digital currency.
A lot of Bitcoin’s future will depend on the regulatory landscape, which is another topic spurring quite a few debates. Many “core” Bitcoin enthusiasts feel there is no need to regulate Bitcoin, in the same way as the Internet should remain unregulated at all times. Others feel that proper regulation will legitimize Bitcoin in key parts of the world.
In South America, however, there does not seem to be any rush concerning the regulation of Bitcoin and blockchain technology. Some see this lack of concern ass a blessing, while others remain afraid of jumping ship as there is no “governmental control” over this disruptive digital currency.
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