🇧🇴 Bolivia

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.

Overview

Status	Restricted
Risk Score	55/100 (High Risk)
Region	south america
Currency	BOB

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

Bolivia's tax authority has not issued crypto-specific guidance. The recent ban reversal is expected to prompt tax policy development.

Licensing & Registration

Required	Yes
Regulator	BCB / ASFI
Framework	BCB Resolution 082/2024 + Supreme Decree 5384/2025 + ASFI Circular 885/2025 (ETF/VASP Regulation)
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.

Enforcement Activity

Level: Moderate

Previously enforced crypto ban strictly. Now transitioning to regulated approach.

DeFi, Stablecoins & NFTs

Status: Unclear

Regulatory framework still developing after ban reversal.

Stablecoins

Status: no_rules

No framework yet.

NFTs

Status: no_rules

No regulation.

Mining

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.

Geopolitical Risk

Stability	moderate
Sanctions	No
Corruption Index	31/100
Banking Access	restricted

Risk Factors

capital controls
economic volatility
regulatory uncertainty

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.