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- 📢 Gate Square TAG Posting Challenge: #MySuggestionsforGateSquare
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If delivery is unavailable, the prize will be replaced - 🚀 #GateNewbieVillageEpisode6 ✖️ @discovery
💬 Your greatest enemy is your own emotions.
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⏰ Event Time: Nov 12 10:00 – Nov 19 16:00 UTC
How to Join:
1️⃣ Follow Gate_Square + @discovery
2️⃣ Post on Gate Square with the hashtag #GateNewbieVillageEpisode6
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Bolivia turns around: lifts Bitcoin ban after almost 4 years
Unexpected turn in Latin America. The Central Bank of Bolivia (BCB) has just officially revoked the ban on cryptocurrencies that had been in place since December 2020, opening the doors for financial institutions to operate with Bitcoin and other digital assets.
The key:
The ban lasted almost 4 years. It was implemented due to concerns about money laundering and illicit use, but now Bolivian regulators seem to have changed their minds.
Transactions via authorized channels. Financial institutions can now operate cryptocurrencies, but only through regulated electronic platforms.
It is not official coin (yet). The BCB made it clear that Bitcoin and company remain assets without legal status as legal tender. In other words, you can use them, but the government does not back them as national currency.
Why it matters:
This movement reflects a regional trend: Latin America is recognizing that cryptos already exist and it is better to regulate them than to prohibit them. The Central Bank literally says “ok, let's give it a chance” after years of shutting the door.
Potential domino effect in other countries in the region that still maintain restrictions.