Bolivia's Central Bank Bans Bitcoin
El Banco Central de Bolivia, the central bank of the South American nation, has officially banned any currency or coins not issued or regulated by the government, including bitcoin and a list of other cryptocurrencies including namecoin, peercoin, Quark, primecoin and feathercoin. The official policy, launched on 6th May, has recently surfaced to garner coverage from Spanish-language news source PanAm Post, and is the first announcement by the country's central bank on the subject of digital currency according to research from the US Law Library of Congress. A translation of the central....
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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....
Widespread acceptance of Bitcoin and cryptocurrencies suffered another blow this week when El Banco Central de Bolivia outright banned any currency or coins that were not either issued by or regulated through the government. The bank specifically mentioned Bitcoin, Quark, Peercoin, Namecoin, Primecoin and Feathercoin in the announcement but the statement seemed to include all cryptocurrencies. The policy actually went into affect but the announcement did not surface for general consumption until PanAm Post, a Spanish language media outlet, released the news. The statement from the central....
Bolivia is one of the rare countries that has essentially banned cryptocurrency, but the nation's blockchain advocates aren't giving up.
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The Central Bank of Argentina has taken steps to ban private banks from offering cryptocurrency services to customers in the country. The action comes after two banks had started offering cryptocurrency purchasing services from their apps. The measure is said to be directed at mitigating risks associated with cryptocurrency assets.
Central Bank of Argentina Closes Banking Crypto Offers
The Central Bank of Argentina is tightening its permissive attitude when it comes to the links between cryptocurrency assets and private banks. The institution has issued a document that deals with....