🇧🇴 #Regulación of cryptocurrencies in Bolivia 🇧🇴

#Bolivia is possibly the country in Latin America that shows the greatest legislative reluctance towards cryptocurrencies. In 2022, the Central Bank of Bolivia issued an alert on its website and social networks, highlighting high volatility. It even pointed out fraud risks for customers, even illustrating said alert with examples of $BTC and $ETH

The #BCB reaffirmed its position against cryptocurrencies and any form of commercialization in the country. In addition, to maintain your refusal to work or flip a coin #CBDC

José Gabriel Espinoza considers that Bolivia should take into account the legal framework. He even mentioned that the “many young population” could be the ones that end up adopting these technologies.