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Bolivia lifts ban on Bitcoin, authorizes crypto transactions via banks

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Bolivia’s Central Bank has lifted the 2014 ban on Bitcoin and cryptocurrency transactions, allowing banks to conduct digital asset transactions. This move aims to modernize Bolivia’s payment system and align with Latin American crypto regulations.

The Central Bank of Bolivia has lifted its ban on Bitcoin and crypto payments, allowing financial entities to conduct transactions with digital assets in a bid to modernize its payment system.the move was made to help Bolivia elevate its struggling economy and align it with Latin American crypto regulations.The change in regulatory stance marks the end of a

Thus, although crypto assets are tradable via banks, the Bolivian government does not recognize them as legal tender, and companies are not required to accept them as payment.

 

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