NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Bolivian Central Bank Reportedly Bans Digital Currencies Bitcoin

newsbtc
newsbtc
10 years ago
1 min read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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 the states,” making Bolivia the first country in Latin America to impose such a ban.

Article 1 of the resolution declares the following (rough translation):

“From the date the use of coins not issued or regulated by states, countries or economic areas is prohibited, and electronic payment orders on coins and currency denominations not authorized by the Central Bank of Bolivia in the field of national payment system.”

What they means is that any product must be denominated in Bolivian currency, which would certainly put a damper on the growth of bitcoin in the country — one of the poorest in Latin America.

The reason? “To ensure the stability of the domestic purchasing power,” according to the board of the country’s central bank.

It’s an all-around disappointment for Bolivians with interest in the digital currency, but we reckon the central bank’s decision won’t be stopping enthusiasts any time soon.

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin Price Could Be Preparing For Fresh Wave Of Volatility — Here’s Why

The Bitcoin price action over the weekend has been quite sluggish, reflecting the indecision and fatigue seemingly hovering over the...

Opeyemi Sule 1 hour ago
Ethereum price

Ethereum Price Struggles To Hold Above $2,500 — Watch Out For This Support Level

The Ethereum price performance in the month of May has been nothing short of outstanding, surging by more than 35%...

Opeyemi Sule 4 hours ago
Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano Whale Activity Spikes – 80 Million ADA Added In 48 Hours

Cardano (ADA) is entering a decisive moment as bulls fight to hold the $0.74 support zone and build momentum for...

Sebastian Villafuerte 6 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Best Altcoins to Buy Now as Contracting Supply Set to Push Bitcoin past $200K by the End of 2025

Best Altcoins to Buy Now as Contracting Supply Set to Push Bitcoin past $200K by the End of 2025

NewsBTC 16 minutes ago
新しい仮想通貨に熱視線:ビットコイン連動のエアドロップで需要急増中?

新しい仮想通貨に熱視線:ビットコイン連動のエアドロップで需要急増中?

Yohei Hanazato 17 minutes ago
アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

アルトコインで見る2025年のセキュリティ強化:コインベースやバイナンスの教訓とは

Yohei Hanazato 37 minutes ago

Premium Sponsors

Top Brands

Press Releases

  • Ripple (XRP) holder benefits: Earn $93,600 a day through...

    2 hours ago
  • REVEALED: The Bitcoin Mining Secret Robinhood Users Use to...

    13 hours ago
  • Why XRP BTC DOGE Enthusiasts and Millionaires Stop Talking...

    14 hours ago
  • Bitcoin prices are skyrocketing, and using it to...

    20 hours ago
  • Robinhood users trade and mine with one click, earning...

    22 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.