ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Bolivian Officials Detain Users Of Virtual Currency




The Central Bank of Bolivia has taken strict measures to limit the use of virtual currencies within the country.

The Bolivian Supervisory Authority of the Financial System (ASFI) is detaining users of cryptocurrencies. According to a statement published by the ASFI, 60 “cryptocurrency promoters” were arrested by the Special Force to Combat and Control Crime last week, which claims the detainees were “training” others in how to invest in virtual currencies.

In the statement, Lenny Valdivia Bautista, Executive Director General of ASFI, expressed that it is imperative to remember that the Central Bank of Bolivia (BCB) has forbidden the circulation and use of virtual currencies of any kind. He then went on to urge the Bolivian population not to participate in cryptocurrency trading within unapproved closed groups of WhatsApp due to the high likelihood of being scammed, and encouraged the population to look “after their savings and the economy of their families by denouncing these unlawful activities.”

As per Bautista:

“Yesterday, we seized brochures that have to do with business schemes relating to virtual currencies that would be operating abroad, and are advising the Bolivian population not be fooled with such schemes that only take advantage of the population by acquiring their money.”

This isn’t the first time Bolivian authorities have been unwelcoming to virtual currencies. On May 6, 2014, the BCB publicized regulations that prohibited the use and circulation of any type of currency that wasn’t issued by the central bank based on resolution No. 044/2014.

ETHNews will continue to provide coverage on this story as it further develops.

Dan Cummings

Dan is a Los Angeles-based musician, writer, and veteran passionate about science and technology, current events, human rights, economic impacts, and strategic calculus.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Central Bank of Bolivia, Lenny Valdivia Bautista or other Ethereum world news.