Global #Bolivia

In a significant move for cryptocurrency adoption, Banco Bisa, a major bank in Bolivia, has launched a custody service for Tether’s USDt stablecoin.

Bolivia's stance on cryptocurrencies remains complex and somewhat ambiguous in 2024. While no outright ban exists on owning or trading cryptocurrencies, the regulatory environment presents challenges for both individuals and businesses.

In a significant policy shift, Bolivia has lifted its ban on cryptocurrencies, paving the way for authorized trading through electronic channels. The Central Bank of Bolivia (BCB) revoked the prohibition, which was put into effect in December 2020, on June 26, 2024.