Bolivia’s New Leader Declares War On Corruption With Blockchain

According to reports Bolivia’s new president has put blockchain at the center of a plan to cut corruption and raise transparency in government ￰0￱ Paz Pereira who won the runoff that ended nearly two decades of rule by the Movement for Socialism has made clean government a clear ￰1￱ says modern ledgers can make money flows harder to ￰2￱ Plan For Transparency Paz’s team is proposing the use of distributed ledgers for key public processes

including procurement and the tracking of public ￰3￱ 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 ￰4￱ activity in the country has grown ￰5￱ 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 ￰6￱ 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 ￰7￱ warn that technology alone won’t fix weak ￰8￱ argue that audits strong oversight and clear rules are still needed for any system to ￰9￱ 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 ￰10￱ Links And Local Caveats Bolivia has been seeking outside ￰11￱ on reports

officials signed a memorandum of understanding with partners abroad to share regulatory ideas and technical ￰12￱ exchange could speed up ￰13￱ 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 ￰14￱ 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 ￰15￱ details remain ￰16￱ say pilot programs are likely to come first

focusing on a few government services before broader ￰17￱ will depend on how public agencies adopt the tools how clearly rules are written and whether independent audits are used to check ￰18￱ the pilots expose gaps they will be ￰19￱ they work

the government could expand the approach to more ￰20￱ image from El Pais/STR EFE chart from TradingView