LATEST: Bolivia Teams Up with El Salvador to Embrace Crypto

Bolivia’s central bank has signed a key agreement with El Salvador’s digital asset regulator to boost cryptocurrency adoption across the country. The Central Bank of Bolivia and El Salvador’s Comisión Nacional de Activos Digitales will collaborate on regulatory frameworks, blockchain tools, and risk analysis under a newly signed memorandum of understanding. The agreement takes effect immediately and marks a shift in Bolivia’s approach to digital finance.

Crypto transactions in Bolivia have soared, growing from $46.5 million in June 2024 to $294 million in June 2025. This rise follows Decree No. 082/2024, which expanded the legal use of cryptoassets. Officials say El Salvador’s experience, as the first country to adopt bitcoin as legal tender, will guide Bolivia in creating a transparent, secure, and inclusive crypto ecosystem.

Signed in La Paz by BCB Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García, the agreement signals Bolivia’s move toward financial modernization. It aligns the nation with others in Latin America embracing crypto through thoughtful regulation and innovation.

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