Bolivia, which lifted its ban on Bitcoin and crypto transactions in 2024, has seen a demonstrable increase in crypto adoption.
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Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.
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The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
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Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.
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The change in regulatory stance marks the end of a ban on crypto use in the country in place since 2014.
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During a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at the Swiss Web3 Fest, industry experts provided insights into how tokenization enables solutions never seen before.
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From Bolivia to China, governments have sought to restrict crypto-related activity for various reasons and with different tools.
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The IADB is piloting three projects to see if blockchain technology can solve some of the most urgent problems of land administration in South America.
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From friendly Canada to bans in Chile and Bolivia.
16716 Bolivia has arrested cryptocurrency advocates and labeled it a “pyramid scheme,” repeating its stance that alternative currencies were illegal.
17581Bitcoin has all the potential to enhance economic opportunities in Bolivia as the fastest-growing South American economy.
1651El Banco Central de Bolivia outright banned any currency or coins that were not either issued by or regulated through the government.
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