📢 Is it legal to use Binance in Bolivia? What the ASFI says in 2026
Yes: using Binance in Bolivia is legal. Since June 2024, when the Central Bank of Bolivia (BCB) lifted the 2020 ban, people have been able to buy and sell cryptocurrencies, including USDT through Binance P2P. But Binance is not regulated or supervised by the Financial System Supervisory Authority (ASFI), because…
Yes, using Binance in Bolivia has been legal since 2024, but it is not supervised by the ASFI. What the regulator said, which companies it does authorize, and how to use P2P with less risk.
The essentials
Yes, using Binance is legal in Bolivia: BCB Resolution 082/2024 lifted the ban in June 2024 and authorized electronic payments using virtual assets.
Binance is not licensed or supervised by ASFI because it is not incorporated in Bolivia. If something goes wrong, there is no Bolivian regulator to turn to.
Some banks, such as Bisa and FIE, as well as Unión through its Yasta wallet, sell USDT under ASFI supervision, though with daily limits.
If you use Binance P2P, pay from an account in your name, don’t make deals outside the platform, and never release USDT until you’ve confirmed the payment.
Yes, using Binance in Bolivia is legal. Since June 2024, when the Central Bank of Bolivia (BCB) lifted its 2020 ban, people have been able to buy and sell cryptocurrencies, including USDT through Binance P2P. But Binance is not regulated or supervised by the Financial System Supervisory Authority (ASFI) because it is not incorporated in the country. In practice, if something goes wrong, there is no Bolivian regulator to hold responsible for the platform.
The short answer
What ASFI said about Binance
What ASFI does regulate
How widely is it used in Bolivia?
Binance or a Bolivian bank: what’s the difference?
How to use Binance P2P with less risk
Frequently asked questions
We explain what ASFI said about Binance, which companies are subject to its supervision, and how to use P2P with less risk.
Transparency: this guide is educational and is not legal or investment advice. Some links are affiliate links; if you open an account through them, Criptoinforme may receive a commission.
The short answer
It is legal to use. In June 2024, BCB Board Resolution 082/2024 repealed the 2020 ban and authorized electronic payments to buy and sell virtual assets.
Binance is not licensed by ASFI. Bolivian regulations apply to companies incorporated in the country, and Binance is not one of them.
Peer-to-peer transactions between individuals are not covered by the regulation. ASFI regulates companies that provide virtual asset services, not direct purchases and sales between individuals.
The boliviano remains the legal tender. No one is required to accept cryptocurrency payments, and users bear the risks.
What ASFI said about Binance
In July 2025, when ASFI approved the regulations for financial technology companies, its officials clarified that the rules do not apply to foreign platforms:
Pedro Asturizaga, director of Research and Publications at ASFI, told El Deber: “The regulations apply to companies incorporated in the country. Binance is not. Therefore, it is not subject to these regulations.”
Asturizaga added that a foreign platform could come under ASFI’s indirect control if it partnered with a supervised Bolivian company, “but that is not the case with Binance today.”
Ivette Espinoza, then ASFI’s executive director, explained at a press conference that the regulations neither regulate nor restrict international platforms, and do not cover P2P transactions between individuals, according to Opinión.
What ASFI does regulate
The regulations apply to Bolivian companies that provide services involving virtual assets, known as virtual asset service providers (VASPs):
April 2025: the Financial Investigations Unit (UIF) established a VASP registry through Administrative Resolution 019/2025, according to Fundación Internet Bolivia.
May 7, 2025: Supreme Decree 5384 regulated financial technology companies and placed them under ASFI’s supervision.
July 3, 2025: ASFI approved its regulations (Resolution 540/2025). They apply to more than 200 companies, including 176 VASPs and 33 payment platforms, according to El Deber.
Compliance deadline: originally December 31, 2025, it was extended to April 30, 2026.
The first companies certified: Banexcoin was the first VASP to obtain ASFI’s compliance certificate, in February 2026. By February 28, Taspri and Vita Solution had also obtained one, according to Economy.
June 30, 2026: ASFI’s list includes 17 financial technology companies undergoing the compliance process, including Banexcoin, Taspri, and Vita Solution. Binance is not listed.
How widely is it used in Bolivia?
The BCB itself tracks the market using data from Binance. According to its first-year review of the market opening, published on June 27, 2025:
From US$46.5 million to US$294 million: trading volume in virtual assets grew by more than 630% between the first half of 2024 and the first half of 2025.
US$430 million in cumulative transactions since the June 2024 resolution.
A total of 10,193 transactions worth Bs 611 million involving virtual assets were carried out through the financial system by May 31, 2025, according to ASFI data cited by the BCB.
Binance or a Bolivian bank: what’s the difference?
Since 2024, some Bolivian banks have sold USDT directly. The main difference from Binance is who is responsible if something goes wrong:
Binance P2P: available 24/7 with no fixed limits, and offering P2P in bolivianos since 2020. You buy USDT from another person, and the platform holds the seller’s funds until they confirm your payment. It is not supervised by ASFI: disputes are handled through the platform.
Banks (Bisa, FIE, and Unión through its Yasta wallet): these are institutions supervised by ASFI, but they have daily limits and, in some cases, operating hours. They offer the strongest local recourse.
We compare the limits and costs of each option in our guide to buying USDT in Bolivia.
How to use Binance P2P with less risk
Choose verified sellers with many completed orders and a high completion rate.
Pay only from an account in your name and using the payment method specified in the listing.
Never make deals outside the platform, even if someone contacts you on WhatsApp or Telegram: you would lose the protection of escrow.
Keep the receipts for every transaction until you receive the USDT.
If you buy and sell USDT as a business, check your obligations: the UIF requires people operating as for-profit VASPs to register.
We explain the most common scams in Bolivian P2P in our guide to scams when buying USDT in Bolivia.
Planning to buy USDT in Bolivia? Binance was the first exchange to offer P2P trading in bolivianos, starting in 2020. Open a Binance account. If you prefer a bank, compare all the options in our guide to buying USDT in Bolivia.
Frequently asked questions
Is Binance banned in Bolivia?
No. The BCB’s 2020 ban was lifted in June 2024, and ASFI clarified in 2025 that its regulations do not restrict international platforms such as Binance.
Is Binance licensed in Bolivia?
No. Binance is not incorporated in Bolivia, so it is not subject to ASFI’s regulations and does not have its authorization. It operates in the country without local supervision.
Which cryptocurrency companies are authorized by ASFI?
Local companies must obtain a compliance certificate. Banexcoin was the first VASP to receive one, in February 2026. The list changes, so check ASFI’s website before using a service.
Is it safer to buy USDT through a bank?
Banks are supervised by ASFI, offering greater local recourse, but they have daily limits. Binance P2P has no fixed limits, but protection depends on the platform and on you completing the transaction there.
Everything you need to know, all in one place: Cryptocurrencies in Bolivia: Complete Guide 2026.
This article is for informational purposes and does not constitute legal or investment advice.
Sources: Central Bank of Bolivia (Board Resolution 082/2024 and statement CP-24/2025, June 27, 2025); ASFI (financial technology companies undergoing the compliance process as of June 30, 2026); El Deber (interview with Pedro Asturizaga of ASFI, July 2025, and Banexcoin certificate, February 8, 2026); Opinión (Ivette Espinoza of ASFI, July 8, 2025); Fundación Internet Bolivia (“Virtual Assets in Bolivia: One Year Later,” July 2025); Economy (fintech compliance, April 8, 2026); Supreme Decree 5384 and ASFI Resolution 540/2025.
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