US EditionCrypto gains foothold in Bolivia as small businesses seek currency alternatives
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3 Articles
Crypto gains foothold in Bolivia as small businesses seek currency alternatives
COCHABAMBA, Bolivia :In the busy shopping district of the Bolivian city of Cochabamba, ATMs let shoppers swap coins for cryptocurrency, beauty salons offer cut-price deals if you pay in Bitcoin, and people use Binance accounts to buy fried chicken.Bolivians are facing a rising economic crisis, with reserves o
Crypto Taxation in Bolivia
Bolivia maintains its prohibition on cryptocurrencies as legal tender in 2025, even as the economic crisis drives underground adoption. With 40-year-high inflation and a Boliviano that lost half its black-market value, but currently in 2025, it is backed by Cochabamba’s crypto ATMs and Bitcoin-accepting businesses. Where digital assets become practical alternatives despite their illegal status. Although the National Tax Service (SIN) is yet to i…
In the bustling shopping district of the Bolivian city of Cochabamba, buyers of ATMs can exchange coins for cryptocurrency, beauty salons offer discounts when paying with Bitcoin, and people use binance accounts to buy fried chicken. The Bolivians are facing an increasing economic crisis: dollar reserves have fallen almost to zero, inflation is on the highest [...] The post cryptocurrencies are gaining importance in Bolivia first appeared on lat…
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