A government that supports investment

The elected president, Rodrigo Paz Pereira, began his term on November 8 with a shift towards what he calls 'capitalism for all,' emphasizing economic openness, decentralization, and crisis stabilization.

In less than a month of mandate, his first measures aim to reduce the tax burden by eliminating taxes such as those on large fortunes, gambling taxes, and business promotions. He made a 30% cut in federal spending for the 2026 budget and reduced subsidies on various products. Such tax burden reduction measures are usually attractive to companies and foreign investors. While the ban made it difficult to form companies specialized in the area, there is now a need to create infrastructure and services related to Bitcoin and cryptocurrencies in Bolivia.

Taking the Salvadoran experience as a reference, this means a broad space of opportunity for both local initiatives and foreign investment, which can be attracted by the tax conditions that the new government is promoting.

In terms of cryptocurrencies, the Minister of Economy, José Gabriel Espinoza, stated that 'digital assets will function as legal tender payment instruments within the financial system.' Although there is still no formal regulation regarding this, if it were to occur, it would take the lead left by El Salvador after the pressure from the IMF.

Espinoza assured that Bolivia will integrate cryptocurrencies into the formal banking system, starting with stablecoins, allowing banks to offer digital asset services, including savings accounts, credit cards, and loans.