Bolivia

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Bolivia reversed one of the world's earliest and most comprehensive Bitcoin bans in June 2024, when the Central Bank of Bolivia issued Resolution 082/2024 authorizing cryptocurrency transactions through regulated electronic channels. Monthly crypto trade volume surged from $7.6 million in the first half of 2024 to $15.6 million average per month in Q3 2024 following the reversal. While Bitcoin is not legal tender, banks and regulated entities can now legally process crypto transactions.

Details

Since
2024
Status
ban_reversed
Notable
Reversed Bitcoin ban June 2024, monthly crypto volume doubled post-reversal
Legislation
Resolution 082/2024
Legal Status
legal (ban reversed 2024)
Tax Treatment
regulated via financial channels
Regulatory Body
Central Bank of Bolivia (BCB)
Capital Gains Tax
No
Bitcoin Etf Available
No

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