Bolivia’s President Rodrigo Paz Plans Blockchain-Based Anti-Corruption Reforms
Bolivian President-elect Rodrigo Paz aims to fight government corruption through blockchain technology, marking a major shift in the country’s digital policy.
According to the Associated Press, Paz secured 54.5% of votes against Jorge Quiroga’s 45.5% and will take office on November 8. His centrist, pro-market platform focuses on transparency and economic recovery amid fuel shortages and foreign currency pressures.
Blockchain Joins Bolivia’s Reform Agenda
Paz’s government program includes two key blockchain-related reforms.
The first proposal integrates blockchain and smart contracts into public procurement to minimize human discretion and reduce opportunities for corruption. The Partido Demócrata Cristiano’s 2025 agenda emphasizes automation of state purchases through smart contracts.
The second reform allows citizens to declare crypto assets into a new foreign-exchange stabilization fund. This initiative aims to diversify Bolivia’s reserves and enable the government to use declared digital assets to support the national currency and critical imports.
Pragmatic Crypto Approach, Not Bitcoin Adoption
Despite his openness to digital assets, Paz is not promoting Bitcoin as legal tender. His administration views blockchain as an anti-corruption and fiscal transparency tool, not as a replacement for the national currency.
There are currently no plans to adopt Bitcoin, hold it in reserves, or introduce nationwide crypto payments.
Bolivia Embraces Regulated Crypto Use
Bolivia’s central bank lifted its operational ban on crypto transactions in June 2024, paving the way for regulated digital payments. Since then, monthly crypto trading volumes have doubled, reaching $46.8 million per month by mid-2025.
Banks and businesses quickly followed suit. In October 2024, Banco Bisa introduced USDT custody services, while Toyota, Yamaha, and BYD began accepting USDT for payments.
In July 2025, the Banco Central de Bolivia signed a memorandum with El Salvador, describing crypto as a “viable and reliable alternative” to traditional currency.
Paz’s upcoming administration is expected to build on these reforms, integrating blockchain technology into governance to improve transparency and strengthen Bolivia’s financial resilience.
