In June 2024 the Banco Central de Bolivia (BCB) reversed its 2014 blanket ban via Resolution 082/2024, permitting financial institutions to transact in virtual assets under regulated conditions. Full licensing framework for non-bank VASPs is still in development.
| Status | Restricted |
| Risk Score | 80/100 (Very High Risk) |
| Region | south america |
| Currency | BOB |
| Capital Gains (Personal) | No specific crypto guidance; general income tax at 13% |
| Capital Gains (Corporate) | 25% corporate tax |
| VAT on Crypto | No |
| Staking Tax | No specific guidance |
| Airdrop Tax | No specific guidance |
Bolivia's tax authority has not issued crypto-specific guidance. The recent ban reversal is expected to prompt tax policy development.
| Required | No |
| Regulator | BCB / ASFI |
| Framework | BCB Resolution (2024, reversing 2014 ban) |
| Ease | hard |
The 2024 ban reversal allows financial institutions to work with virtual assets but the regulatory framework is still being developed. ASFI is expected to issue licensing requirements.
Previously enforced crypto ban strictly. Now transitioning to regulated approach.
| KYC Required | Yes |
| Travel Rule | No |
| FATF Member | No |
| FATF Status | grey_list |
| FATF Body | GAFILAT |
| Suspicious-Activity Reporting | Yes |
Status: Unclear
Regulatory framework still developing after ban reversal.
Status: no_rules
No framework yet.
Status: no_rules
No regulation.
| Legal | No |
| Electricity Cost | $0.05/kWh |
| Renewable Energy | 40% |
| Infrastructure | fair |
Mining is banned in Bolivia as per the BCB Resolution 2024 reversing the 2014 ban. Electricity costs are low and renewables contribute significantly, but mining remains prohibited.
| Stability | moderate |
| Sanctions | No |
| Corruption Index | 31/100 |
| Banking Access | restricted |
Risk Factors
Bolivia has moderate political stability with some economic and regulatory challenges. It is not under international sanctions but has restricted banking access for crypto businesses.
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Explore IT Services →Last reviewed: 2026-04-13 · Data source: Soken Crypto Legal Map
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