Ingresar
Bolivian Central Bank bans Crypto
By PPO Abogados
The Bolivian Central Bank issued a resolution to strengthen its ban of the use of crypto in the nation and has warned about what it perceives to be the risks involved with investing in cryptoassets such as bitcoin (BTC)."As cryptoassets are not a legal tender in Bolivia, the BCB prohibits their use, as well as their commercialization and purchase, because they incur potential risks of generating economic losses to their operators and holders,” the bank stated in a press release.
In 2014 Bolivia officially banned any currency or coins not issued or regulated by the government, including bitcoin and a list of other cryptocurrencies including namecoin, peercoin, Quark, primecoin and feathercoin.
The Bolivian Central Bank went on to say that citizens are prohibited from denominating prices in any currency that is not previously approved by its national institutions.
Such a ban, the bank stated in 2014, was necessary to safeguard users from the kind of uncontrolled currencies that can lead to the users losing their money.
PPO Indacochea
PPO Indacochea is Bolivia’s leading full-service law firm, formed through the strategic merger of PPO Abogados and Indacochea & Asociados—two of the most prominent and respected legal institutions in the country. With the largest team of lawyers and the broadest geographic coverage in the market, we are uniquely positioned to deliver legal solutions that are innovative, multidisciplinary, and business-oriented.
Our approach is simple and effective: we provide solutions, not just opinions. We work closely with our clients to understand their businesses and deliver strategic advice tailored to their most complex challenges. We channel transformative foreign investment into Bolivia, advise on high-stakes disputes before local and international tribunals, and offer end-to-end legal services that bridge the gap between law and business.
With a team of 85 lawyers and over 180 professionals led by 14 partners, we operate across six offices in five cities nationwide. Our professionals include top-tier talent—most trained or specialized abroad—with a strong commitment to diversity, inclusion, and social responsibility.
At PPO Indacochea we redefine legal services to anticipate and exceed the demands of a fast-evolving business environment. We are proud to be consistently recognized by the most prestigious international legal directories, including Chambers and Partners, Legal 500, IFLR1000, Leaders League, Latin Lawyer, LACCA, and others, as Bolivia’s leading law firm. PPO Indacochea: Where law meets strategy, and local depth meets global vision.
