Bolivia has committed to establishing a comprehensive virtual asset regulatory and supervisory framework as part of its economic policy memorandum submitted to the International Monetary Fund. The measure aims to mitigate risks associated with improper capital outflows through cryptocurrency markets, though the document does not specify a timeline, designated authority, or legislative mechanism for implementation.
The commitment forms part of a 36-month Extended Fund Facility arrangement worth 1.369 billion Special Drawing Rights, approximately $1.9 billion. The agreement remains subject to approval by both the Bolivian Congress and the IMF Executive Board before taking effect.
Bolivia Pledges Crypto Regulatory Framework to IMF to Prevent Capital Flight
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