On May 15, Binance will host an exclusive webinar for Bolivian residentsto learn details about the operation of the cryptocurrency platform and to talk about blockchain technology in this country. This has been reported to Cointelegraph in Spanish, Gabriela Melendrez, Binance Angel and founder of the Bolivian Mind Blockchain.
“Amongst other things We will talk about the regulatory situation and the opportunities for this industry in Bolivia. This has an unfavorable regulation for blockchain companies and projects, ”explained Melendrez.
The appointment is scheduled for 7 p.m. (Bolivian time). The virtual event is attended by Binance Latam members and special guests: Mariangel García, manager of the Binance Latam community; Pedro Rey Puma, Binance Angel, consultant and founder of the UTN Blockchain Lab; and engineer Leandro Grover, an expert on blockchain. The engineer Gabriela Melendrez will also participate.
Regulatory and cryptocurrency ecosystem in Bolivia
According to Melendrez told Cointelegraph in Spanish, Bolivia is one of the five countries in the world that have prevented their citizens from using these new technologies on a formal level, thereby preventing the development of the industry. “The Central Bank of Bolivia (BCB) has released Resolution 044/2014, which prohibits the use of coins that have not been issued or regulated by the states, along with money names such as cryptocurrencies that have not been approved by the BCB of the national Payment system, ”he explained.
Nevertheless, the Bolivian mind blockchain community and several crypto enthusiasts are committed to training specialists in this area and organizing educational activities at universities and virtual events to inform the population about this technology and the opportunities for innovation, work and development. technologically this means for Bolivia. Such facts and examples from other countries with their own cryptocurrencies or digital currencies indicate the aging of a regulation that allows companies to be officially installed in that country, ”he added later.
On the other hand, Pedro Rey Puma commented: “The countries that support their blockchain projects and plans will lead the business in this technology industry.”
As they explained, the departments of La Paz, Cochabamba, Tarija and Santa Cruz lead the P2P exchange. In addition, services such as Bitrefill are available for charging mobile phones with Bitcoin and the P2P platforms for exchanging cryptocurrencies.
You may be interested in: