Bolivia legalized crypto in 2024 after 10 years of prohibition.
Latin America & Caribbean · BOB
Bolivia legalized crypto in 2024 after 10 years of prohibition.
BCB bans crypto.
P2P grows 300%.
BCB lifts ban.
Regulatory framework developed.
BCB banned crypto in 2014. In June 2024 reversed the ban. Regulatory framework being developed.
P2P in BOB via transfer.
P2P with BOB support.
Binance/Bybit + national ID.
KYC.
P2P with BOB.
Personal wallet.
Op expenses.
August
Tax framework in development.
Corp Tax
August
Crypto community La Paz.
| Country | Users | Adoption | P2P Vol. | Status | Exchange |
|---|---|---|---|---|---|
| 🇧🇴 BoliviaYou | 500K+ | ~4% | $200M+ anual | Banned | Binance |
| 🇲🇽 Mexico | 12M+ | ~10% | $1.5B+ anual | Regulated | Bitso |
| 🇦🇷 Argentina | 5M+ | ~12% | $2B+ anual | Regulated | Lemon |
| 🇨🇴 Colombia | 5M+ | ~10% | $1B+ anual | Regulated | Binance |
| 🇨🇱 Chile | 2M+ | ~10% | $500M+ anual | Regulated | Buda |
| 🇸🇽 El Salvador | 4M+ | ~65% | $500M+ anual | Regulated | Chivo Wallet |
| 🇻🇪 Venezuela | 10M+ | ~30% | $3B+ anual | Regulated | Binance |
| 🇵🇪 Peru | 3M+ | ~9% | $600M+ anual | Regulated | Binance |
| 🇧🇷 Brazil | 25M+ | ~12% | $5B+ anual | Regulated | Mercado Bitcoin |
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Bolivia vs Mexico
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