Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’ - Aliens: AI Crypto News & Markets Updates

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Bolivian Central Bank ‘Bans’ Crypto, Says Tokens ‘Have No Place in Domestic Market’

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Cryptonews

Fri, Jan 14, 2022

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The Bolivian central bank has moved to “ban” the use of crypto in the nation – and has issued warnings about what it perceives to be the “risks” involved with investing in cryptoassets such as bitcoin (BTC) .

The bank said, in an official statement: “As cryptoassets are not a legal tender in [Bolivia], the BCB prohibits their use, as well as their commercialization and [purchase], because they [incur] potential risks of generating economic losses to their operators and holders.” Although the BCB does not seem to have attempted to criminalize holding or trading crypto, it appears keen to shut the door on all businesses and brokers seeking to provide crypto-related services in Bolivia.

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