RIO DE JANEIRO, BRAZIL - Crypto-assets are banned in Bolivia to prevent "potential losses" among operators and holders; however, some sectors consider that this measure leaves the country "lagging behind" in the digitalization of its economy.
The Central Bank of Bolivia (BCB) ratified the prohibition of the "use, commercialization, and negotiation of crypto-assets" earlier this year.
The determination establishes that the use of crypto-assets involves "potential risks" such as economic losses that may affect their operators or holders, so, in addition to the prohibition, the public is protected "from risks, deception, and scams".
The legal framework invoked by . . .