Bolivia’s central bank, Banco Central de Bolivia, has reversed its ban on Bitcoin and cryptocurrency payments, now permitting financial entities to conduct transactions using digital assets to modernize its payment system. This shift aims to help bolster Bolivia’s struggling economy and bring it in line with Latin American crypto regulations. The change marks the end of a crypto ban that started in 2014. In December 2020, the government had prohibited banking entities from engaging with cryptocurrencies under Board Resolution N°144/2020. Now, approved regulations allow banks to transact in cryptocurrencies via authorized electronic channels. However, the central bank emphasized that cryptocurrencies
