The use of virtual currencies is prohibited in Bolivia.[19] The Central Bank has stated that the use of currency not issued by the monetary authority is not allowed in the country.[20] Cryptocurrencies such as Bitcoin are not regulated and therefore, the Central Bank warns about the possible losses that people using them are exposed to.[21]

[19] 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, archived at

[21] Id.