Cryptocurrency Revolution in Bolivia! Bitcoin and Altcoins Are Now Official!
Miracle! A new revolution has occurred in the cryptocurrency industry! The South American country Bolivia has officially approved payments with Bitcoin (BTC) and other cryptocurrencies.
What Does This Mean?
* Bolivia now recognizes cryptocurrencies as a legitimate means of payment for banks and other financial institutions.
* This means cryptocurrencies are legalized.
Things to pay attention:
* The Central Bank of Bolivia reminds that cryptocurrencies are still not official currencies. So it is not considered mandatory.
* In short, it is entirely at the discretion of the service provider or seller whether they want to pay with cryptocurrency or not.
Bolivia, which banned cryptocurrencies in December 2020, gives a positive signal to the crypto industry with this step. This decision is expected to set an example for other Latin American countries.