In the year after the regulatory turn in crypto by Bolivia, transactions of digital assets reached $430 million through formal means. The Central Bank of Bolivia, or BCB, validated that this represented a 630% increase over the total of the prior year.
The great majority of these operations happened after June 2024, when the administration removed the long-standing prohibitions against cryptocurrency transactions.
Natural persons completed 86 percent of all transactions, with men making up 77 percent of those individual users nationwide.
According to BCB data, most of the volume moved through Binance-linked networks authorized by financial supervisor ASFI. The bank recorded 10,193 crypto operations by May 31, 2025, totaling BOB 611 million, or around $88 million.
In a major policy shift, authorities allowed state-run energy firm YPFB to use crypto for international fuel purchases beginning in March 2025.
This move was during a domestic shortage of dollars with implications regarding the nation’s capacity to import fuels and ensure economic stability. Concurrently, crypto activity increased from $46.5 million in the first half of 2024 to $294 million in the first half of 2025.
Bolivia tightens Crypto oversight and launches education
To ensure proper tracking, the Central Bank now demands crypto outflows reporting once a day and also scans activity against sanctions overseas.
The authorities flagged 27 accounts for probe during the year, though they imposed no fine or penalty. Bolivia tax agency SIN will also cross wallet analytics with its VAT database for further tracking.
For the purpose of safeguarding the public, the administration excluded custodial crypto wallets from deposit insurance and published precautionary guidelines.
Authorities warned the users about securely storing private keys and checking sites to prevent fraud. Educational courses are operated throughout the nine departments of Bolivia, aiming for fraud awareness and price volatility training.
In May, the government of President Luis Arce implemented Supreme Decree 5384, launching crypto service and fintech provider licenses.
The decree provides anti-money laundering provisions and categorizes digital assets. Regulators also have 40 workdays to finish rules, putting the digital economy plan for Bolivia into form.
