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Crypto Regulation in Bolivia

Banned

Bolivia banned crypto through BCB Resolution 044/2014, prohibiting any currency not regulated by the state. In June 2024, the BCB reversed this ban, allowing financial institutions to operate with virtual assets under regulated conditions.

Region: South AmericaCurrency: BOBRisk Score: 50/100

Tax Information

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
Mining Tax
No specific guidance
Summary
Bolivia's tax authority has not issued crypto-specific guidance. The recent ban reversal is expected to prompt tax policy development.

Licensing & Registration

License Required
Yes
Regulator
BCB / ASFI (Banco Central de Bolivia / Autoridad de Supervisión del Sistema Financiero)
Framework
BCB Resolution (2024, reversing 2014 ban)
License Types
Virtual Asset Service Provider (under development)
Estimated Cost (USD)
N/A
Timeline
N/A months
Ease of Licensing
Hard
Notes
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.

AML / KYC

KYC Required
Yes
Travel Rule
No
FATF Member
No
FATF Status
Partially Compliant
Suspicious Activity Reporting
Yes

Mining

Mining Legal
No
Status
Banned
Electricity Cost ($/kWh)
$0.05
Renewable Energy
40%
Climate
Tropical
Infrastructure
Moderate
Tax on Mining Income
25% corporate tax
Notes
Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.

DeFi, Stablecoins & NFTs

DeFi: unclearStablecoins: no rulesNFTs: no_rulesCBDC: none

Soken Services

Legal Opinion
Available | $8,000 - $25,000 | 14 days
Banking
Difficulty: Very Hard | Crypto-friendly banks: none listed
Min. Deposit
$10,000
Fiat Rails
SWIFT, Local ACH

Sources

Banco Central de Bolivia
Reviewed: 2026-03-01likely

Frequently Asked Questions

Is crypto legal in Bolivia?
Cryptocurrency is currently classified as "Banned" in Bolivia. Bolivia banned crypto through BCB Resolution 044/2014, prohibiting any currency not regulated by the state. In June 2024, the BCB reversed this ban, allowing financial institutions to operate with virtual assets under regulated conditions.
What is the crypto tax rate in Bolivia?
In Bolivia, the personal capital gains tax on crypto is No specific crypto guidance; general income tax at 13%, and the corporate tax rate is 25% corporate tax. Bolivia's tax authority has not issued crypto-specific guidance. The recent ban reversal is expected to prompt tax policy development.
Do I need a crypto license in Bolivia?
Yes, a crypto license is required in Bolivia. The regulator is Banco Central de Bolivia / Autoridad de Supervisión del Sistema Financiero under BCB Resolution (2024, reversing 2014 ban). Estimated licensing cost: N/A.
Is crypto mining legal in Bolivia?
No, crypto mining is currently banned or illegal in Bolivia. Crypto mining is explicitly prohibited or effectively banned in this jurisdiction.
What are the AML/KYC requirements for crypto in Bolivia?
Yes, crypto businesses in Bolivia must comply with KYC (Know Your Customer) requirements. FATF compliance status: partially_compliant.