The use of virtual currencies is prohibited in Bolivia. The Central Bank has stated that the use of currency not issued by the monetary authority is not allowed in the country. Cryptocurrencies such as Bitcoin are not regulated and therefore, the Central Bank warns about the possible losses that people using them are exposed to.
 Banco Central de Bolivia Prohibe el Uso del Bitcoin y Otras 11 Monedas Virtuales [Central Bank of Bolivia Prohibits the Use of Bitcoin and Other 11 Virtual Currency], Enlaces Bolivia (Apr. 2017), http://www.enlaces bolivia.net/9263-Banco-Central-de-Bolivia-prohibe-el-uso-de-bitcoins-y-otras-11-monedas-virtuales, archived at https://perma.cc/GFR6-7JSK.
Comunicado, Banco Central Bolivia (Apr. 2017), https://www.bcb.gob.bo/webdocs/11_comunicados/04_ 2017_COMUNICADO_Uso_monedas.pdf, archived at https://perma.cc/YW8G-2Z73.