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Bolivia vs Greenland

Crypto regulation comparison

← Back to map | Bolivia | Greenland
Bolivia

Bolivia

Greenland

Greenland

Legal
No Data

Bolivia reversed its 2014 cryptocurrency ban in June 2024, when the Central Bank issued a resolution allowing the use of cryptocurrencies and digital assets through authorized financial channels. The move was driven by the need for alternative payment mechanisms amid dollar shortages.

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Tax Type Unclear
Tax Type Unclear
Tax Rate N/A
Tax Rate N/A
Exchanges Yes Yes
Exchanges No No
Mining Yes Yes
Mining No No
Regulator BCB (Banco Central de Bolivia), ASFI
Regulator -
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules -
Key Points
  • Bolivia banned crypto in 2014 via BCB Resolution 044/2014
  • Ban was lifted in June 2024 via new BCB resolution permitting crypto transactions
  • Reversal motivated by acute US dollar shortages in the country
  • Regulatory framework for VASPs is still being developed
  • Tax treatment of crypto remains largely unclear under Bolivian tax law
Key Points

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Sources
Sources

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