It took ten years for them to consider Bitcoin isn't scam or could harm them.
I think different. This policy change possibly was made because their government thinks it can benefit them from political to economic and social aspects. That nation went through a coup d'état weeks ago.
Topic: Bolivia lifts 10-year old ban on Bitcoin - page 3. (Read 447 times)
We are yet to see more countries unban Bitcoin in their country and they will do so till Bitcoin becomes adopted globally
I believe what you said here and am also beginning to feel that most of the countries that are unbanning Bitcoin in their country are doing so based on what they want to achieve, political, and socio-economic recognition just like you have stated and after unbanning Bitcoin they often want to regulate it's operation. However, even if they unban Bitcoin as regards to what they stand to gain but it's a welcome development that countries are now understanding that Bitcoin is not a scam project and it's the way forward.
It took ten years for them to consider Bitcoin isn't scam or could harm them.
Honestly unbanning Bitcoin is already more than enough, it doesn't have to be accepted as a commodity or currency because it would make Bitcoin become more centralized since the government will regulate it.
It's only need a time to wait for other country to unban Bitcoin.
Honestly unbanning Bitcoin is already more than enough, it doesn't have to be accepted as a commodity or currency because it would make Bitcoin become more centralized since the government will regulate it.
It's only need a time to wait for other country to unban Bitcoin.
Exactly. I don't see the initial rush-into-banning approach that a lot of these governments do to bitcoin technology. Many of the governments around the world only banned bitcoin out of sentiments or better still out of fear of transparency since they first got the idea of the decentralized technology as a platform where transactions are open for everyone to see while others out of total ignorance and resistance to new or emerging technologies. What have happened as a result is, they have watched more closely and interesting to see the benefits of Bitcoin and are now removing the bans against them.
So, basically Bolivia is now at the same level of most of the developed world in terms of Bitcoin. It is legal to transact with it, but it is not seen as a legal tender.
You are free to transaction (move) your bitcoin through Bitcoin blockchain that is decentralized. If you care about privacy, use Bitcoin full node and Tor to broadcast your transactions.What I care is "Does exchanging bitcoin (buy & sell) in Bolivia is legal?"
If it is, it is nearly the same in many countries globally, not only developed nations.
It took ten years for them to consider Bitcoin isn't scam or could harm them.
I think different. This policy change possibly was made because their government thinks it can benefit them from political to economic and social aspects. That nation went through a coup d'état weeks ago. 
It took ten years for them to consider Bitcoin isn't scam or could harm them.
Honestly unbanning Bitcoin is already more than enough, it doesn't have to be accepted as a commodity or currency because it would make Bitcoin become more centralized since the government will regulate it.
It's only need a time to wait for other country to unban Bitcoin.
Honestly unbanning Bitcoin is already more than enough, it doesn't have to be accepted as a commodity or currency because it would make Bitcoin become more centralized since the government will regulate it.
It's only need a time to wait for other country to unban Bitcoin.
Bolivia, a country in South America, used to be extremely against Bitcoin. Since 2014 they have had regulations against its use, with further updates on that in 2020.
But now it has all changed, and the Central Bank of Bolivia has recently removed all bans on Bitcoin transactions. Here's the X post from them:
https://x.com/BancoCentralBO/status/1805997364362318143
PDF link here: https://www.bcb.gob.bo/webdocs/files_noticias/CP_35%20NormativaActivosVirtuales4.pdf
This is the official statement from the central bank (in Spanish):
They also clearly stated that this doesn't mean that Bitcoin is legal tender:
So, basically Bolivia is now at the same level of most of the developed world in terms of Bitcoin. It is legal to transact with it, but it is not seen as a legal tender.
But now it has all changed, and the Central Bank of Bolivia has recently removed all bans on Bitcoin transactions. Here's the X post from them:
https://x.com/BancoCentralBO/status/1805997364362318143
PDF link here: https://www.bcb.gob.bo/webdocs/files_noticias/CP_35%20NormativaActivosVirtuales4.pdf
This is the official statement from the central bank (in Spanish):
El Banco Central de Bolivia (BCB), comunica a la opinión pública que mediante Resolución de Directorio N°082/2024, de 25 de junio de 2024 dejó sin efecto la Resolución de Directorio N°144/2020, de 15 de diciembre de 2020, habilitando, de esta manera, el uso de canales e Instrumentos Electrónicos de Pago (IEP) para operaciones de compra y venta de Activos Virtuales.
They also clearly stated that this doesn't mean that Bitcoin is legal tender:
El BCB enfatizó que la única moneda de curso legal en el país es el Boliviano conforme a la Ley N°901 de 28 de noviembre de 1986. En este sentido, un activo virtual no es una moneda de curso legal, no es efectivo y no existe obligación, por parte de la población, para recibirlos como medio de pago, por lo que los riesgos inherentes al uso y comercialización de los mismos serán asumidos por los usuarios de dichos activos
So, basically Bolivia is now at the same level of most of the developed world in terms of Bitcoin. It is legal to transact with it, but it is not seen as a legal tender.
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