Bolivia Central Bank legal department recommends not using Bitcoin in the banks

[Elwar]

http://www.cityam.com/1403264481/bitcoin-banned-bolivian-central-bank-threat-national-currency

Not as sexy or shocking as "Bolivia Bans Bitcoins" but more accurate.

The legal department of the bank only recommended that only fiat currencies should be used in their bank accounts and money transfers.

No legal authority in Bolivia has done any damn thing about Bitcoin.

The US banks do not currently use bitcoins in their bank accounts and money transfers. The US has not banned Bitcoin.

[bitcoinsrus]

The title in the article is kinda misleading when it states that it outright bans it. But its their choice if they don't want to use it in their banks. Also elwar, I remember your 900, 1800 thread (forgot the name). Do you think your estimation is off tracked by a few (future) months or what. Thanks

[Elwar]

The title in the article is kinda misleading when it states that it outright bans it. But its their choice if they don't want to use it in their banks. Also elwar, I remember your 900, 1800 thread (forgot the name). Do you think your estimation is off tracked by a few (future) months or what. Thanks

It was on its way. Stopped mainly by the 666 whale that felt it was funny to keep selling at $666 and stop the rally. Then it was dealt a blow by the Silk Road sale.

But the price will go up. The rally was only going to take us from the bottom of the price band to the top. But it is still within the band riding along the bottom as it continues to rise.

A rally was due because everyone was ready for one. But the fundamentals will push the price to the top of the band when the ETF is released.

[bitebits]

Thanks for clarifying Elwar, it is important to just report the facts. Has the article on Coindesk been adjusted?