Bolivian Central Bank Reportedly Bans Digital Currencies Like Bitcoin
Here's an unfortunate news item. It's being reported that El Banco Central de Bolivia - the Bolivian Central Bank - has banned any form of currency or coin not issued or regulated by the Bolivian government, reports CoinDesk. This, of course, would include bitcoin and similar digital currencies like "Bitcoin, Namecoin, Tonal Bitcoin, IxCoin, Devcoin, Freicoin, 10coin, Liquidcoin, Peercoin, Quark, Primecoin, and Feathercoin." The news was reported originally by the PanAm Post, who points to a resolution dated May 6th "which prohibits the use of coins specifically not issued or regulated by....
Related News
The Central Bank of Russia has released their view on cryptocurrencies like Bitcoin. We have earlier argued that Russia may outlaw the use of Bitcoin due to its strict monetary policy. It seems our presumption was correct as the press release from the Central Bank of Russia is hostile against the use of Bitcoin and other digital currencies. A Russian source has told us that the Central Bank's new stance on virtual currencies means that they have banned the use of it, affecting both their partners and customers. This will make it hard to operate both Bitcoin-exchanges and Bitcoin-businesses....
The Central Bank of Iran has reportedly banned its citizens from trading bitcoin mined outside of the country in an attempt to stop capital flight.
Bangladesh recently banned the use of bitcoins. This action makes the country the latest in a string of nations that have taken steps to restrict or otherwise ban the use of bitcoin and other digital currencies. Also read: Ecuador Bans Bitcoin In Favor Of Own National Cryptocurrency. Brief Profile of Bangladesh. Bangladesh is a South-Asian country on the Bay of Bengal that borders India to the east, south and west, and has Myanmar (formerly Burma) as its south-eastern neighbor. It is classified as a developing country with a rapidly growing market-based economy. Bangladesh is the world's....
While more and more countries are recognizing the technological achievement that is bitcoin, Ecuador is seemingly taking a step back by effectively banning bitcoin and other digital currencies in a recent legislative vote, as reported by CoinDesk. The ban came as part of a series of amendments to the financial law in the small South American country, of which there were reportedly 91 lawmaker votes in favor. The amendment will allow the Ecuadorian government to make payments is "electronic money", but slashes the potential for crypto-currencies that have seemingly been taking the financial....
In this episode of Fed Watch, the hosts discuss the potential for a digital euro, central bank digital currencies and the "financial hurricane" that is ongoing The post Video: Digital Euro, Central Bank Digital Currencies And Bitcoin appeared first on Bitcoin Magazine.