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Bolivia’s central bank reports a crypto boom with transactions hitting $430 million in the past 12 months — a 630% surge from the year before. Most transfers came from individuals with Binance-linked channels handling the largest share. In just six months of 2025 crypto volumes soared to $294 million compared to $46.5 million in the same period of 2024.
New laws and government backing are driving this rise. Resolution 082/2024 allows banks to route customer crypto orders to exchanges. The national energy firm YPFB now uses crypto to pay for fuel imports as Bolivia faces a dollar shortage and fuel supply strain.
President Luis Arce’s government launched Supreme Decree 5384 creating licenses for fintechs and crypto service providers. The central bank paired this with a national literacy campaign teaching private key safety fraud prevention and crypto basics. Officials say digital tools can boost the economy but users must understand the risks.
