I read the article, thank you for sharing it. It is crazy that they arrested 60 people because they were undergoing training on how to invest in crypto, meanwhile the country said they were only prohibiting banks from involving itself in cryptocurrency tx's. I believe this is how things happen in many third world countries, there is almost no respect for basic human rights, and it is hard to trust that the government won't ban crypto again, but Bolivians can enjoy the freedom they have now.
This only (unfortunately) speaks of the level of development they are actually at when it comes to human rights in that part of the world. I personally know such a system that is extremely repressive towards people because unfortunately I spent my childhood in one - and people ended up in prison or forced labor just for singing patriotic songs.
I didn't really study in detail how Bolivia is doing economically, but it is just one more in a series of Central and South American countries that sits on enormous wealth, and is still relatively poor. Maybe lifting the BTC ban means a new beginning for that country - and I hope so, because all these people deserve to finally start living better.
The economy of Bolivia is the 95th-largest in the world in nominal terms and the 87th-largest in purchasing power parity. Bolivia is classified by the World Bank to be a lower middle income country. With a Human Development Index of 0.703, it is ranked 114th (high human development). Driven largely by its natural resources, Bolivia has become a region leader in measures of economic growth, fiscal stability and foreign reserves, although it remains a historically poor country...