Blog Archives

Is Ecuador’s proposed Bitcoin-like digital currency a desperation move?

Posted on 5th August, 2014

Last month, the long-troubled South American country of Ecuador came to the attention of the bitcoin community when the country’s Congress passed a new law that would create a state-backed digital currency, while at the same time banning the use of existing cryptocurrencies. The move struck many as extraordinarily preemptive, as bitcoin adoption in Latin […]

Report: Bolivia’s central bank bans bitcoin

Posted on 19th June, 2014

In a move aimed at protecting its national currency, the boliviano, Bolivia’s central bank official prohibited the use of bitcoin and other cryptocurrencies today. Although the policy was created by El Banco Central de Bolivia back in early May, it has only recently become known to the general public following a story by Spanish-language news […]