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Bolivia vs Palau

Crypto regulation comparison

← Back to map | Bolivia | Palau
Bolivia

Bolivia

Palau

Palau

Legal
Legal

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.

Palau has explored blockchain technology and launched a stablecoin program in partnership with Ripple. No income or capital gains tax.

Tax Type Unclear
Tax Type No tax
Tax Rate N/A
Tax Rate 0%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator BCB (Banco Central de Bolivia), ASFI
Regulator Financial Institutions Commission
Stablecoin Rules No specific stablecoin regulation
Stablecoin Rules No specific stablecoin regulation
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
  • Exploring national stablecoin in partnership with Ripple
  • No income or capital gains tax
  • Uses the US dollar as official currency
  • Small but forward-looking approach to digital assets
  • Limited domestic crypto infrastructure
Sources
Sources