Wu said that according to Cryptopolitan, Bolivia has lifted the ban on Bitcoin and other cryptocurrencies, which came into effect in December 2020. The Central Bank of Bolivia (BCB) officially announced on June 26 that banks can now conduct cryptocurrency transactions. Although cryptocurrencies can now be traded through authorized electronic channels, the BCB reminds citizens that cryptocurrencies are not considered legal tender. This means that businesses are not obliged to accept them as a form of payment.