Bolivia implements regulations on financial technology platforms and virtual assets
For the first time, the Bolivian government implemented regulations for the activities of financial technology platforms and those linked to cryptocurrencies
The director of the Financial System Supervisory Authority (ASFI) of Bolivia, Ivette Espinoza, announced last week the entry into force of regulations for financial technology platforms and those linked to digital assets.
The regulations, approved by ASFI, were implemented on Tuesday, July 8, representing “an important moment in the modernization of the Bolivian financial system.”
The regulations outline the requirements and procedures for the “establishment and operation of so-called Financial Technology Companies (FTCs), including those operating in cryptocurrency, digital payments, remittances, and electronic loans.”
According to Espinoza, Resolution 540/2025 gives effect to the Supreme Decree enacted last May, which introduces concepts such as tokenized assets and blockchain technology, previously absent from Bolivian financial legislation.
The objective of this measure is to consolidate “a modern, inclusive, and regulated financial ecosystem that allows both public and private providers to enter the technological field with legal certainty.” The regulations apply to companies incorporated in the South American nation, as well as to foreign companies operating through partnerships with local entities.
M.Pino
Source: xinhua
(Reference image source: Sasun Bughdaryan n Unsplash)
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