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Author Topic: Greetz from Bolivia, first lame country to prohibit use of Cryptocurrency.  (Read 496 times)
mikylinr
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September 19, 2015, 02:21:22 PM
 #1

Well, that is not really true; it is forbidden to use non-fiat currencies. Why, oh why did Bolivia do this? My theory; out of pure ignorance. Instead of looking into the issue, pros and cons of BTC and other altcoins, they simply forbid it, as they did not understand it yet.

However, there is a small community, I am trying to build, that supports BTC, although, political environment may not be the best at the time. I am a lawyer (IT and Business Law are the areas I deal the most in), so if you want to drop by any questions, I'd be glad to help.

Anyhow, thought I'd say hi, being a true n008 on the forums n all. Trying out the auction part.

See ya all around.


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pawel7777
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September 20, 2015, 12:35:33 PM
 #2

Hi and welcome.

Yes, cryptocurrencies are tough for law-makers, they have to decide whether treat them as currency or commodity, there are VAT issues etc. So the easiest way for lazy governments is just to make them illegal.

But, on the bright side, it's almost impossible to enforce any ban on the average, non-business users.

Best of luck in building the community in Bolivia.

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September 20, 2015, 12:46:00 PM
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oh man, that is so bad. i hope here in my country the government continues on without knowing about bitcoin and any sort of cryptocurrency. because i think we are at the risk of it being banned out of pure ignorance.

anyways i wish you best of luck in Bolivia

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September 20, 2015, 02:31:49 PM
 #4

Ignorance is at the heart of this.

Countries should be looking at being crypto friendly to attract business operators in and boost the technological industry.

Mind you, Bolivia will get enough revenue from the coca farms methinks.

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September 20, 2015, 02:42:45 PM
 #5

Sad to hear this. Yes, they don't probably have a clue what the Bitcoin is and they decided to take these measures, lawmakers and the government.

Especially to bring this decision as a small country, before any of the big countries is lunatic. I wonder what would happen if big countries would acknowledged Bitcoin tomorrow, this would really make them look like fools.
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September 21, 2015, 12:16:29 AM
 #6

Well, that is not really true; it is forbidden to use non-fiat currencies. Why, oh why did Bolivia do this? My theory; out of pure ignorance. Instead of looking into the issue, pros and cons of BTC and other altcoins, they simply forbid it, as they did not understand it yet.

However, there is a small community, I am trying to build, that supports BTC, although, political environment may not be the best at the time. I am a lawyer (IT and Business Law are the areas I deal the most in), so if you want to drop by any questions, I'd be glad to help.

Anyhow, thought I'd say hi, being a true n008 on the forums n all. Trying out the auction part.

See ya all around.


Which exchange do you people generally use in Bolivia ?

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September 21, 2015, 07:01:47 PM
 #7

Well, that is not really true; it is forbidden to use non-fiat currencies. Why, oh why did Bolivia do this? My theory; out of pure ignorance. Instead of looking into the issue, pros and cons of BTC and other altcoins, they simply forbid it, as they did not understand it yet.

However, there is a small community, I am trying to build, that supports BTC, although, political environment may not be the best at the time. I am a lawyer (IT and Business Law are the areas I deal the most in), so if you want to drop by any questions, I'd be glad to help.

Anyhow, thought I'd say hi, being a true n008 on the forums n all. Trying out the auction part.

See ya all around.



Welcome to this forum.
I hope someday Bolivia gov will realize if bitcoin is the future of money.
Keep your bitcoin community alive and i hope you all who use cryptocurrency will not be jailed like bangladesh case.
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