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Bolivia also bans cryptocurrencies

RIO DE JANEIRO, BRAZIL - According to information published by local media, the measure imposed by the financial entity is based on the absence of institutional regulatory frameworks that adequately address the commercialization and use of these assets, which in turn is based on article 328 of the Constitution.

In order to avert risks and fraud for the local population, the BCB determined through Board Resolution 144/2020 to ban the use, commercialization and negotiation of cryptoassets by financial entities through the national payment system, given that they do not represent legal tender in Bolivia.

The BCB stated in a recently . . .

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