According to cryptopolitan, the Central Bank of Bolivia (BCB) officially announced on June 26 that banks can now conduct cryptocurrency transactions, abolishing Resolution 144/2020 implemented since December 2020.
The move was made in collaboration between the Bolivian Central Bank, the Financial System Superintendence (ASFI) and the Financial Investigation Unit (UIF) in line with the recommendations of the Latin American Financial Action Task Force (GAFILAT).
Additionally, the BCB plans to incorporate cryptocurrency-related risk information into its economic and financial education programs, aiming to educate the public on safely handling cryptocurrencies and understanding potential risks.
