🚀 **Exciting News! Bolivia Lifts Ban on Crypto Payments for Banks!** 🚀

🌐 Bolivia has officially **legalized crypto payments** for banks! On June 26, the **Central Bank of Bolivia (BCB)** announced that financial institutions can now conduct transactions with digital assets, including Bitcoin and other cryptocurrencies¹². This regulatory change revokes Board Resolution N°144/2020, which had been in place since December 2020.

🔑 However, it's essential to note that while cryptocurrencies can now be traded through authorized electronic channels, they are **not considered legal tender**. Businesses are not obligated to accept them as payment. The BCB emphasizes this point to ensure the public understands the limitations and legal status of cryptocurrencies in Bolivia.

📚 To further educate the public, the BCB plans to incorporate information on the **risks associated with cryptocurrencies** into its Economic and Financial Education Plan. This initiative aims to help citizens safely handle digital assets and understand potential risks¹.

🔗 Let's celebrate this milestone for Bolivia's financial landscape! 🎉💰

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