Re: Bolivian Central Bank Reportedly Bans Digital Currencies Like Bitcoin
A translation of the central bank statement reads:
But , is bitcoin a currency?
Quote
It is illegal to use any kind of currency that is not issued and controlled by a government or an authorized entity.
But , is bitcoin a currency?
The Argentinian central bank released a similar statement that read, "digital currencies are not considered legal tender because they are not issued by the government/CB." Someone pointed out to me that "legal tender" means that debt can't be settled with it. Even gold and silver wouldn't necessarily be considered to be legal tender.
Also funny that the only things I know about Bolivia basically came from Butch Cassidy and the Sundance Kid and some recent James Bond movie.