Rodrigo Paz Plans Blockchain Overhaul to Fight Corruption

Crypto News Regulation

Written by Aaron S.,

Editor-In-Chief

Last Updated: October 21, 2025

Key Takeaways

Rodrigo Paz plans to use blockchain and smart contracts to reduce corruption in government contracts;
His administration will allow citizens to declare crypto assets to support a currency fund aimed at stabilizing imports and exchange rates;
The proposals aim to improve transparency and flexibility without making Bolivia hold crypto directly.

Stop overpaying - start transferring money with Ogvio. Sign up, invite friends & grab Rewards now! 🎁

Rodrigo Paz Plans Blockchain Overhaul to Fight Corruption

BITDEGREE IN YOUR SOCIAL FEED

Rodrigo Paz, recently elected as Bolivia’s next president, has shared his intention to use blockchain technology to reduce corruption in public services.

Paz won the presidential runoff with 54.5% of the vote and is expected to take office on November 8.

His campaign focused on centrist policies and support for open markets. However, he will face several economic problems from the start, including fuel shortages and limited access to US dollars.

How to Buy Crypto SAFELY With a Credit Card (Animated)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

As part of his upcoming administration’s plans, Paz has introduced two blockchain-related proposals aimed at improving transparency and boosting the economy.

The first proposal is focused on government purchases. Paz wants to bring blockchain and smart contracts into the public procurement process. The government hopes to reduce corruption by making the process more automatic and less dependent on individual decision-makers.

The second part of the plan involves the creation of a foreign exchange stabilization fund. Citizens would be allowed to report their cryptocurrency holdings, which would be used to support the fund.

The fund’s purpose is to help control the country’s currency value and provide a backup for essential imports, especially during times when US dollars are in short supply.

Including crypto assets in this process would give the government more financial options without requiring it to hold cryptocurrencies directly.

Andrew Cuomo, former governor of New York, is preparing a campaign to run for mayor of New York City. What is the focus of his campaign? Read the full story.