TLDR
- Rodrigo Paz won Bolivia’s runoff with 54.5% of votes and takes office on Nov 8.
- Blockchain will be used to automate and monitor public procurement processes.
- Citizens can declare crypto assets for a new foreign-exchange stabilization fund.
- Bolivia’s central bank lifted the crypto ban, enabling digital payments and custody.
Bolivia’s president-elect Rodrigo Paz has pledged to use blockchain technology to address corruption in public procurement and promote transparency in government operations. The reform plan includes digital asset reporting for citizens as part of a new stabilization fund. Paz’s move signals a shift toward modernization and a cautious embrace of cryptocurrency use within Bolivia’s financial and administrative systems.
Blockchain Added to Bolivia’s Reform Plan
Rodrigo Paz, who won Bolivia’s presidential runoff with 54.5% of the vote, plans to introduce blockchain-based solutions into the country’s governance framework. The initiative is part of the Partido Demócrata Cristiano’s 2025 government platform. It proposes using blockchain and smart contracts to automate and monitor public procurement processes.
According to the official program, blockchain technology will help reduce opportunities for corruption by minimizing discretion in state purchasing. Smart contracts will be used to enforce transparency and ensure that government transactions follow predefined terms. The new administration intends to make procurement records public and tamper-resistant, allowing citizens to track spending in real time.
Crypto Assets to Support Currency Stabilization Fund
Paz’s plan also includes integrating digital assets into a new foreign-exchange stabilization fund. This initiative will allow citizens to declare crypto holdings as part of an asset-regularization drive. Funds collected will be used to support Bolivia’s reserves, stabilize the national currency, and finance essential imports.
According to the U.S. Treasury Department, stabilization funds are designed to maintain economic balance during currency shortages. By including crypto, the government aims to broaden its asset base without relying on volatile market holdings. The initiative marks a practical use of crypto within fiscal policy rather than a move toward Bitcoin adoption.
Crypto Adoption Grows in Bolivia’s Economy
Bolivia’s approach to digital assets has evolved rapidly since 2024. The Banco Central de Bolivia lifted its ban on crypto transactions in June 2024, allowing regulated digital channels for trading. The central bank reported that monthly trading volumes doubled after the policy change, reaching $46.8 million per month by mid-2025.
The private sector has also begun integrating crypto into payment systems. In October 2024, Banco Bisa introduced institutional custody for USDt, while state oil firm YPFB explored using crypto for energy imports. By September 2025, major auto distributors like Toyota and Yamaha began accepting USDT, signaling growing business adoption.
Regional Cooperation and Future Policy Direction
Bolivia has also pursued regional cooperation in digital finance. On July 31, the central bank signed a memorandum with El Salvador to explore crypto policy and intelligence-sharing tools. The agreement described crypto as a “viable and reliable alternative” to fiat payments and part of a broader strategy to improve financial inclusion.
While Paz’s platform does not propose national Bitcoin adoption, it treats blockchain as a practical tool for governance reform. His administration’s focus will be on using technology to improve accountability and efficiency in public spending. The combination of digital transparency and asset regularization could position Bolivia as one of South America’s emerging blockchain governance adopters.
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