bitcoin BANNED in bolivia

[Gathel]

Since June 19, 2014, the country located in South America is starting to ban the bitcoin circulating in the country. The central bank of Bolivia says that using an unpublished currency and issued by the state is one of the illegal acts.

[nicksnn]

This is really 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.

[Wahyud11]

, by 2014, Bolivia's central bank has declared it official to block bitcoin. In Ecuador bitcoin is also considered illegal. Not just bitcoin instead, but also other digital currencies. the government prioritizes transactions with the use of local currency that is the government-regulated dollar.

[fritzwalter195]

intersting news

[BoyleWilder]

 The problem is the other countries on South America such a Brazil and Argentina were permissive to cryptocurrency

[GaryGadoot]

Yes it is the major reason that government cannot control bitcoin that's why the banned it.

[tokenomics]

If they have ban Bitcoin, then that is something we should respect. Every country has the right to accept, allow and ban. Bolivia maybe worried about the volatility of Bitcoin and they wanted to protect the countrymen from losing their money out of investment. But we'll never know, they may revoke this in the future.

[GilbertQuintanilla]

By doing this they just make a big mistake because it would become very useful for them.

[BelieveInBTC]

Nobody cares that Bitcoin is being banned in some third world countries. Just look at Venezula which has banned Bitcoin. People are still using Bitcoin there because its their only chance to trade and keep their money valuable. Their government is investing huge amounts of money in cryptocurrencies mining and even confiscating mining equipment during custom clearance. This is getting more and more ridiculous.

[Crypto Mark]

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."

I believe many countries are resisting bitcoin including Bolivia because they have not done extensive research on Bitcoin. The role of media is also required. More and more media expose bitcoin. then the more positive impact for many people who want to know more about bitcoin.

[loveinberlin]

i haven't heard about this but I can't understand why the country banned it. They will understand that it would be much wiser to accept it than banning. It is my personal opinion but I think the reason is that they are afraid of massive changes

[Anees1122]

This news is old one.
I know many countries have banned bitcoin, but if all countries make research on bitcoin they will surely get positive aspects of bitcoin as well.

[PAKYU]

who cared about bolivia man. i don't even know where the country in world map just relax and don't think about it.

[Nick Abimanyu]

"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."

This is true, this is the basic principle of each country about its mass production. Although the use of Bitcoin is prohibited as a means of payment in BOLIVIA, this isn't necessarily can turn off the interests of its citizens against this digital currency and they can still perform its action by investing in the internet. In the internet era, their investors guaranteed will not find any meaningful constraints to deposit the check or withdraw funds online in global scope.

[bachus]

Sad to hear, I`m interested, why all the countries could not gather together and develop a unite overall worldwide decision!

[Washball]

Bitcoin banned in Bolivia, doesn't mean a thing to the rest of the world. It concerns only the population in this third world country and probably it only affects just a small number of people who are involved in cryptocurrencies and can afford bitcoin. And these people do not give up just because authorities have banned bitcoin.

[Sobol101]

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."

Sad but the authorities want to keep everything under control and cryptocurrencies will be under constant pressure from the government side.

[Dmitry.Vastov]

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."

Like bolevia there are many other countries who thinks the same regarding crypto currencies like Bangladesh, karyzikstan, Nepal and somewhere in India also. These are the countries who consider bitcoin a fraud, a Ponzi scheme, a means by which many illegal activities has been carried out like selling drugs, explosives, money laundering etc and because of this only they have fear that introduction of bitcoin can bring all these activities to their nation also but for their kind attention, I would like to say that all these activities can be controlled of bitcoin will be legalised.

[ivanst776]

"it is illegal to use any currency that is not issued and controlled by a goverment or an authorized entity."

This is true, this is the basic principle of each country about its mass production. Although the use of Bitcoin is prohibited as a means of payment in BOLIVIA, this isn't necessarily can turn off the interests of its citizens against this digital currency and they can still perform its action by investing in the internet. In the internet era, their investors guaranteed will not find any meaningful constraints to deposit the check or withdraw funds online in global scope.

Soon everyone will change their minds and decision. Bitcoin can't be control by any government and that is what designed for.
It is time to have the peoples demand and voice with currency. This is not what they wanted. but soon they will just join.
They want to stop people investing their money in something the government does not have access or even can't monitor them.

[StuartJonson]

They banned it but i think they should judge a little before take this strong step.