Bank

<p>The post <a href="https://coinpedia.org/crypto-live-news/bolivia-lifted-crypto-ban-to-mitigate-dollar-and-fuel-shortage/" rel="noopener noreferrer nofollow">Bolivia Lifted Crypto Ban To Mitigate Dollar And Fuel Shortage</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>President Luis Arce revealed that the reason behind the lifting of Bolivia’s crypto ban was the dollar and fuel shortages in the country. Notably, he sees cryptocurrencies as a solution to Bolivia’s macroeconomic challenges. On June 26, the Central Bank of Bolivia (BCB) allowed the use of virtual assets through Electronic Payment Instruments (EPI). Edwin Rojas, the BCB president, explained that this new regulation will enable electronic payment channels and instruments for the purchase and sale of virtual assets. The BCB also launched a comprehensive training program on July 2 to educate various sectors about virtual assets.</p>

Bolivia Lifted Crypto Ban To Mitigate Dollar And Fuel Shortage

CoinPedia News

Other articles published on Jul 5, 2024

Ethereum (ETH) Scampering to Avoid Liquidation in Epic Price Hailstorm

Bitcoin ATM Network Loses 334 Machines in 40 Days

Matter Labs Minting Controversy: ‘Insider Minting’ Claims Arise as Ineligible Minters Discovered

Just-In: Leading Telecom Company Taiwan Mobile Gets Crypto Exchange License

Phishing Scammers Steal $314 Million in First Half of 2024

The Limelight Continues To Shine On Raboo As Avalanche And Solana Investors Take Notice!

Join our free newsletter for daily crypto updates!