Official statements from financial institutions or financial news outlets

Bolivia Lifts Ban on Bitcoin and Crypto Trading and Payments

Jun 27, 2024, 09:57 PM

Bolivia's Central Bank has lifted the ban on Bitcoin and cryptocurrency trading and payments, making it legal for financial entities to use cryptocurrencies. This move, aimed at modernizing the financial system, reverses the ban that had been in place since 2020. The decision highlights Bolivia's recognition of the growing importance of digital currencies in the global financial landscape.