Bitcoin Forum
April 18, 2019, 01:44:36 PM *
News: Latest Bitcoin Core release: 0.17.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: [2014-08-05] Kyrgyzstan: Bitcoin Payments Violate State Law  (Read 812 times)
epere
Sr. Member
****
Offline Offline

Activity: 364
Merit: 250


View Profile
August 05, 2014, 03:16:36 AM
 #1

http://www.coindesk.com/kyrgyzstan-bitcoin-payments-violate-state-law/

The National Bank of the Kyrgyz Republic, the central bank of Kyrgyzstan, has issued new statements confirming the use of bitcoin and other digital currencies as a form of payment is currently illegal under national law.

Issued this July, the notice states that the only legal tender in Kyrgyzstan is the national currency, the som (KGS), and that as such, any use of bitcoin for payment violates this policy. At press time, 1 KGS was worth $0.019.

1555595076
Hero Member
*
Offline Offline

Posts: 1555595076

View Profile Personal Message (Offline)

Ignore
1555595076
Reply with quote  #2

1555595076
Report to moderator
1555595076
Hero Member
*
Offline Offline

Posts: 1555595076

View Profile Personal Message (Offline)

Ignore
1555595076
Reply with quote  #2

1555595076
Report to moderator
Even if you use Bitcoin through Tor, the way transactions are handled by the network makes anonymity difficult to achieve. Do not expect your transactions to be anonymous unless you really know what you're doing.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1555595076
Hero Member
*
Offline Offline

Posts: 1555595076

View Profile Personal Message (Offline)

Ignore
1555595076
Reply with quote  #2

1555595076
Report to moderator
1555595076
Hero Member
*
Offline Offline

Posts: 1555595076

View Profile Personal Message (Offline)

Ignore
1555595076
Reply with quote  #2

1555595076
Report to moderator
1555595076
Hero Member
*
Offline Offline

Posts: 1555595076

View Profile Personal Message (Offline)

Ignore
1555595076
Reply with quote  #2

1555595076
Report to moderator
bitsmichel
Sr. Member
****
Offline Offline

Activity: 518
Merit: 250



View Profile
August 05, 2014, 08:51:36 AM
 #2

http://www.coindesk.com/kyrgyzstan-bitcoin-payments-violate-state-law/

The National Bank of the Kyrgyz Republic, the central bank of Kyrgyzstan, has issued new statements confirming the use of bitcoin and other digital currencies as a form of payment is currently illegal under national law.

Issued this July, the notice states that the only legal tender in Kyrgyzstan is the national currency, the som (KGS), and that as such, any use of bitcoin for payment violates this policy. At press time, 1 KGS was worth $0.019.

How are they going to regulate this? It's not possible. Every citizen can simple use bitcoin and exchange them in a neighbouring state.

TheButterZone
Legendary
*
Offline Offline

Activity: 2436
Merit: 1010


Pay with SegWit!


View Profile WWW
August 05, 2014, 10:24:21 PM
 #3

Bring on the summary executions, then.

Saying that you don't trust someone because of their behavior is completely valid.
dwdoc
Legendary
*
Offline Offline

Activity: 966
Merit: 1000


- - -Caveat Aleo- - -


View Profile
August 06, 2014, 02:47:10 AM
 #4

Kyrgyz

Currency's not worth sh*t but kyrgyz is worth 26 scrabble points!
Kprawn
Legendary
*
Offline Offline

Activity: 1722
Merit: 1053


View Profile
August 06, 2014, 09:07:35 AM
 #5

Their country will stay in the dark age and be left behind, and the people will transfer their savings into BTC to protect it from the falling fiat currency.

Poor decision, that will cost them more in the long run. The same is done with other countries and the same response --> Black market use of banned items/currency increased.

And it becomes even more popular.  Grin Grin

Signature space available for your Ads :-.>
bryant.coleman
Legendary
*
Offline Offline

Activity: 2058
Merit: 1011


https://amastar.net


View Profile
August 08, 2014, 07:06:05 AM
 #6

Almost one-fifth of the Kyrgyz population is outside the country, working in various blue collar jobs (mostly in Kazakhstan and Russia). If Bitcoins are banned in Kyrgyzstan, then the people can easily purchase them in Russia.


                                                ▄
                                                ▒▌
                                               ███
                                              ▒███▌
                                             ▐█████▌
                                             ███▒███
                                            ███▌ ▐███
                                           ▐███   ▒██▌
                                          ▐▒██     ███▌
                      ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄███▌     ▐███▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
                        ▀███████████████████▌       ▒███████████████████▀
                                                                ▄▄███▀
     ▐██████▌      ▒█████▌     █████▒       ███▒███          ▄▄███▀
    ▐███  ███▌     ▒██▌▒███   ███▒▒█▒      ███▌ ▒███      ▄▄███▀
   ▄███▒  ▐▒██▌    ▒██▌ ▒███ ███  ▒█▒     ███▒   ▒███   ▄███▀
  ▒████████████▌   ▒██▌  ▒█████   ▒█▒   ▐█████████████▄ ███▌
 ▒███        ████  ▒██▌   ▐███    ▒█▒  ▐▒██▒       ▒██▒▌▐███
                                              ▄███▄      ▒██▌
                                           ▄████▀████▄    ▒██▌
                                        ▄████▀     ▀████▄  ███
                                     ▄████▀           ▀████████
                                  ▄████▀                 ▀█████▌
                                ▐███▀                       ▀███
                                ▒▀                             ▀▒
..
AmaStar
















EARN
FOR
PORN














Bonus from 20%
Ambassador pornstars














ANN   Whitepaper   Telegram   
BountyLinked In   Twitter   
                    ▄
                   ▓▓
                  █▓▓▓
                 ▐▓▓▓▓█
                 ▓▓▓▓▓▓
                ▓▓▓▓▓▓▓▓
               █▓▓▓▓▓▓▓▓█
▀██████████████▓▓▓▓▓▓▓▓▓▓██████████████▀
  ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
     ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
           ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓█
           ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
          ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓
         ▐▓▓▓▓▓▓▓▀    ▐▓▓▓▓▓▓▓█
         ▓▓▓▓▓▀          ▐▓▓▓▓▓▄
        ▓▓▓▓                ▀▓▓▓
       ▐▓                      ▓▀
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!