Bolivia News

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Bolivia, which lifted its ban on Bitcoin and crypto transactions in 2024, has seen a demonstrable increase in crypto adoption.

Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.

The change in regulatory stance marks the end of a ban on crypto use in the country in place since 2014.

During a panel moderated by Coinpectra editor-in-chief Kristina Lucrezia Cornèr at the Swiss Web3 Fest, industry experts provided insights into how tokenization enables solutions never seen before.

From Bolivia to China, governments have sought to restrict crypto-related activity for various reasons and with different tools.

The IADB is piloting three projects to see if blockchain technology can solve some of the most urgent problems of land administration in South America.

From friendly Canada to bans in Chile and Bolivia.

Bolivia has arrested cryptocurrency advocates and labeled it a “pyramid scheme,” repeating its stance that alternative currencies were illegal.

Bitcoin has all the potential to enhance economic opportunities in Bolivia as the fastest-growing South American economy.

El Banco Central de Bolivia outright banned any currency or coins that were not either issued by or regulated through the government.