Bolivia and El Salvador have signed a digital assets agreement
Bolivia’s latest step toward digital asset adoption came with a Memorandum of Understanding between its Central Bank (BCB) and El Salvador’s National Commission for Digital Assets (#CNAD).
El Salvador continues to lead Latin America’s Bitcoin adoption push, while #Bolivia lifted its decade-long #ban on cryptos in mid-2024. The South American country has seen digital asset transactions #surge over 500% in just six months, reaching $294M by April.
The deal includes shared research, cross-border tech infrastructure discussions, risk analysis, #regulatory collaboration & supervising virtual asset service providers (#VASPs).
Bolivia’s goal is to regulate the sector while expanding its use for #remittances, business payments, and as a safeguard against a rapidly devaluing Boliviano (#BOB).
