HomeNewsBolivians Turn to Crypto Amid Dollar Shortages

Bolivians Turn to Crypto Amid Dollar Shortages

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  • Bitcoin and stablecoin transactions jumped 630% in one year, reaching USD 430 million, reported by Bolivia’s central bank.
  • Individual users conducted 86% of digital asset trades, with men representing 77% of these total operations across Bolivia.

Bolivians use bitcoin and stablecoins to make payments and protect savings against dollar shortages. The Central Bank of Bolivia (BCB) reports a 630% rise in digital asset transactions, reaching USD 430 million over one year. Individuals drive 86% of these operations, with men accounting for 77% of that share.

However, the jump from USD 46.5 million in the first half of 2024 to USD 294 million in the same period of 2025 shows growing confidence in crypto. This shift reflects a search for a financial haven amid scarce foreign currency.

Meanwhile, formal banking channels saw 10,193 digital-asset transactions worth 611 million bolivianos, a twelvefold increase, according to the Financial System Authority. The repeal of the 2020 ban via Resolution 082/2024 enabled families and small businesses to send remittances, pay for goods, and settle international trades with ease.

Additionally, the BCB has launched nationwide workshops to explain how bitcoin works and to warn about its risks.

The national government also promotes Decree 5384 to regulate fintech firms and define “Virtual Asset Service Providers.” The decree aligns with global standards and aims to bring order to a rapidly growing field.

BCB officials say they will monitor the market continuously. They believe clear rules and education will help users and developers build safe, cost‑effective services on digital platforms.

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628
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