Bolivia’s New Leader Declares War On Corruption With Blockchain

Markets 2025-10-22 09:50

According to reports, Bolivia’s new president has put blockchain at the center of a plan to cut corruption and raise transparency in government finances.

Rodrigo Paz Pereira, who won the runoff that ended nearly two decades of rule by the Movement for Socialism, has made clean government a clear promise. He says modern ledgers can make money flows harder to hide.

Blockchain Plan For Transparency

Paz’s team is proposing the use of distributed ledgers for key public processes, including procurement and the tracking of public funds.

Based on reports, the Central Bank of Bolivia relaxed a previous ban on cryptocurrencies in June 2024, a move that has opened the door for banks and fintechs to work with digital assets while keeping the boliviano as the official currency.

Crypto activity in the country has grown sharply. Reported figures show crypto transactions rising from about $46.5 million in the first half of 2024 to roughly $294 million in the same period of 2025, a more than 500% jump in volume that has grabbed the attention of regulators and lawmakers.

Why The Push Matters

Supporters say blockchain will add a public, tamper-resistant record to budgets and contracts, which could make it harder for officials to hide graft.

Critics warn that technology alone won’t fix weak institutions. They argue that audits, strong oversight and clear rules are still needed for any system to work.

Reports have disclosed that the new administration is exploring pilot projects and international cooperation to build capacity, including ties with other countries that already use blockchain tools in some government functions.

Bolivia has been seeking outside help. Based on reports, officials signed a memorandum of understanding with partners abroad to share regulatory ideas and technical know-how.

That exchange could speed up implementation. At the same time, analysts note that rapid growth in crypto use raises its own challenges, such as consumer protection and money-laundering risks that must be managed.

The Central Bank’s move to allow crypto interactions through formal banking channels was intended to reduce informal activity, but regulators now face new work in supervision and enforcement.

Implementation details remain thin. Reports say pilot programs are likely to come first, focusing on a few government services before broader rollout.

Success will depend on how public agencies adopt the tools, how clearly rules are written, and whether independent audits are used to check results.

If the pilots expose gaps, they will be revised. If they work, the government could expand the approach to more areas.

Featured image from El Pais/STR EFE, chart from TradingView

Share to:

This content is for informational purposes only and does not constitute investment advice.

Curated Series

SuperEx Popular Science Articles Column

SuperEx Popular Science Articles Column

This collection features informative articles about SuperEx, aiming to simplify complex cryptocurrency concepts for a wider audience. It covers the basics of trading, blockchain technology, and the features of the SuperEx platform. Through easy-to-understand content, it helps users navigate the world of digital assets with confidence and clarity.

How do beginners trade options?How does option trading work?

How do beginners trade options?How does option trading work?

This special feature introduces the fundamentals of options trading for beginners, explaining how options work, their main types, and the mechanics behind trading them. It also explores key strategies, potential risks, and practical tips, helping readers build a clear foundation to approach the options market with confidence.

What are the risks of investing in cryptocurrency?

What are the risks of investing in cryptocurrency?

This special feature covers the risks of investing in cryptocurrency, explaining common challenges such as market volatility, security vulnerabilities, regulatory uncertainties, and potential scams. It also provides analysis of risk management strategies and mitigation techniques, helping readers gain a clear understanding of how to navigate the crypto market safely.

Bitcoin historical price data and trends

Bitcoin historical price data and trends

This special feature gathers multiple articles on Bitcoin’s historical price data, analyzing past trends, market cycles, and key events that shaped its value. It also explores factors influencing price movements, providing readers with insights into Bitcoin’s long-term performance and market patterns.

Detailed Illustrated Guide to Contract Trading

Detailed Illustrated Guide to Contract Trading

This collection, "Detailed Illustrated Guide to Contract Trading," explains the fundamentals of contract trading, including futures and margin trading. It uses clear illustrations to simplify key concepts, risk management strategies, and order types, making it accessible for both beginners and experienced traders.