June 26, 2024, 6:07 PM UTC

Bolivia Revokes Ban on Financial Entities’ Use of Crypto

Bolivia’s central bank issued a resolution to allow financial institutions to use cryptocurrencies, banned since 2020, bank chief Edwin Rojas said in a press conference.

  • Rojas said Bolivian citizens trade around $10m in cryptocurrencies per month, a number that is expected to increase with the rule change

To contact the reporter on this story:
Sergio Mendoza in Sao Paulo at sreyes45@bloomberg.net

To contact the editors responsible for this story:
Matthew Bristow at mbristow5@bloomberg.net

Jose Orozco

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