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Have Fun With A Quiz in Gate Chat Group & Unlock Big Rewards!
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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#Is now the dip for altcoins? Which ones are on your watchlist?
Bolivia Lifts Ban on Bitcoin and Other Cryptocurrencies
According to PANews, Bolivia has lifted its ban on Bitcoin and other cryptocurrencies. The prohibition, which was put into effect in December 2020, has now been officially revoked by the Central Bank of Bolivia (BCB) on June 26. The bank has announced that financial institutions are now permitted to engage in cryptocurrency transactions.
Despite the fact that cryptocurrencies can now be traded through authorized electronic channels, the Central Bank of Bolivia has issued a reminder to its citizens that cryptocurrencies are not considered legal tender. This means that while they can be used for transactions, they are not recognized as an official currency by the Bolivian government.