Regulation· ★★· neutral·

Bolivia commits to IMF to regulate cryptocurrencies

  • —Bolivia has committed to the IMF to create a legal framework for overseeing virtual assets
  • —The purpose of regulation is to prevent capital flight
  • —Timelines and details of the future law have not been disclosed
Why it matters: Regulation in Bolivia could legalize crypto circulation in a country that previously banned banks from dealing with digital assets.
Source: CriptoNoticias
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