Banco Central del Ecuador

Ecuadorian central bank responsible for monetary and payment-system functions

InstitutionRegulators & Public BodiesPartially verified

Ecuador's central bank. A joint August 2024 notice from the monetary-policy board and BCE states that crypto-assets are neither legal tender nor an authorized electronic means of payment in Ecuador and warns about volatility and losses. This profile records that payment-system position; it does not imply that BCE licenses, supervises, or endorses every crypto service used by Ecuadorian residents.