It took ten years for them to consider Bitcoin isn't scam or could harm them.

Honestly unbanning Bitcoin is already more than enough, it doesn't have to be accepted as a commodity or currency because it would make Bitcoin become more centralized since the government will regulate it.

It's only need a time to wait for other country to unban Bitcoin.

Exactly. I don't see the initial rush-into-banning approach that a lot of these governments do to bitcoin technology. Many of the governments around the world only banned bitcoin out of sentiments or better still out of fear of transparency since they first got the idea of the decentralized technology as a platform where transactions are open for everyone to see while others out of total ignorance and resistance to new or emerging technologies. What have happened as a result is, they have watched more closely and interesting to see the benefits of Bitcoin and are now removing the bans against them.

Maybe they realized that it is impossible to stop bitcoin, or they are planning to launch ETFs for the Bolivian people... this all also surprises me, as the Bolivian government has always been radical left, that is, friends of dictators and of people of the lowest quality like Luis Inacio Lula da Silva, president of Brazil.

Very slow and steady we are getting there, the way many people have been addressing bitcoin is now changing from their initial mentality for being a scam or fraudulent scheme as they had thought, we are hoping to see more adoption for bitcoin as a legal tender since many countries have been accepting it as a legal and digital currency for exchange of goods and services, bitcoin is going henceforth bigger and broader for all those who adopt it because they are going to discover all they want from it.

While it was not illegal to use Bitcoin or exchange it privately (e.g. via P2P) in Bolivia, Bolivian companies weren't allowed to offer financial services for cryptocurrencies, so there were no "legal" exchanges in the country. This will change now, if I interpret the communication correctly the "unban" is the previous step for a permissive regulation of crypto services.

The map on Bitcoin legality in Latin America is now getting greener slowly. The only two countries where still relatively harsh regulations are in place are Ecuador, where hodling is permitted but payment not, and Venezuela, where mining is banned. The restriction for banks and fintechs in Argentina has probably also been lifted, at least there are now fintechs offering cryptos and Paypal-style wallets.

By the way, the supposed ban in Dominican Republic which can be seen in the Wikipedia article about Bitcoin legality is very likely not true. According to a recent Cointelegraph article there is even a "progressive" political attitude with respect to Bitcoin and crypto.

Bolivia decision to allow Bitcoin after 10-year ban is big step forward. It shows  country is open to new ideas in finance and technology. By making Bitcoin and other digital currencies legal Bolivia can benefit from new financial opportunities include more people in financial system and attract investments. Many countries are now recognizing value of digital currencies especially Bitcoin and Bolivia move follows this trend. This change can boost Bolivia economy and inspire other countries to do same.

The Bolivian Central Bank stated clearly that the lifting of the ban does not make Bitcoin a legal tender. Individuals or companies are not mandated by the law to accept Bitcoin as a legal tender but banks can carry out Bitcoin transactions through approved electronic channels. El Salvador remains the only country that has legalized Bitcoin as a legal tender.

It is not too late to correct a mistake, I commend the Bolivian government for taking this bold step. Some Latin Nations have been facing some economic problems which include the high cost of goods caused by inflation. So it is common for them to seek means of fighting these economic issues and it seems friendly policies on Bitcoin are yielding some positive results. These nations need to attract investments and also reduce the influence of intermediaries in international payment systems and promoting Bitcoin seems to be a good option.

I don't know why it took them so long to realize that Bitcoin is not a fraudulent currency and that it is very popular in all countries of the world. In any case, it is better late than never.

They may now realize that their neighbors El Salvador are far ahead of them in the field of cryptocurrencies and the significant economic benefit that can come through investment in this industry, taxes and more.

Although they did not recognize Bitcoin as a legal currency, this is positive news since the ban has been lifted and later regulatory laws will be put in place and citizens can now work with Bitcoin without legal problems.

That’s cool. They probably noticed there isn’t anything to worry about. Bitcoin won’t replace central banks or any major reserve currency. They must have seen it. That also means Bitcoin isn’t good enough to compete against the central banks. Maybe bitcoin was never about replacing the central banks in the first place.

Either way, bitcoin has one less enemy today and that will affect the bitcoin prices in a good way.

The world has been adopting bitcoin. The governments are also embracing it. That means bitcoin isn’t the enemy.

I would think this is the main motivation behind this move, politicians despite their claims care nothing about any ideology, what they care about is to increase their power, and right now the economy of Bolivia is not on the best shape and more investment is needed.

So it is likely that politicians see this as an easy move to make to try to encourage new businesses to set shop on their country, will it work? I am not sure but it is a move that benefits bitcoin, as one less country that bans it cannot be anything else than a good news.