Overview

• The memorandum of understanding signed July 30 by the Central Bank of Bolivia and El Salvador’s National Commission of Digital Assets activates immediately and has no expiration.
• The partnership draws on El Salvador’s pioneering Bitcoin legal-tender blueprint to guide Bolivia’s regulatory and technical crypto framework.
• Since repealing its decade-old crypto ban in June 2024, Bolivia’s digital asset transactions have jumped from $46.5 million to $294 million over the past year.
• Bolivia authorized its state-run oil and gas company YPFB to use cryptocurrencies for fuel imports to mitigate foreign exchange shortages.
• Grassroots adoption continues as Bolivian small businesses, from restaurants to beauty salons, increasingly accept Bitcoin and USDT payments.