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4w ago

Bolivia and El Salvador Launch Open-Ended Crypto Policy Collaboration

Leveraging El Salvador’s Bitcoin experience, the pact empowers Bolivia to integrate crypto into sectors from fuel imports to small business payments.

Bolivia looks to el salvador for help building its crypto regulatory framework
Bolivia looks to El Salvador for crypto guidance as locals turn to digital currencies
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Overview

  • The Central Bank of Bolivia and El Salvador’s CNAD signed an indefinite memorandum on July 30 to jointly develop cryptocurrency policy and technical standards.
  • The agreement activates collaborative work on blockchain intelligence tools, risk analysis models and regulatory frameworks for digital assets.
  • Bolivia’s crypto transaction volume climbed from $46.5 million in June 2024 to $294 million by June 2025 following its decree repealing the ban.
  • State oil firm YPFB is authorized to use Bitcoin and USDT for fuel imports to alleviate foreign reserve shortfalls.
  • Local businesses across Bolivia have begun pricing goods and accepting payments in Bitcoin and stablecoins to extend financial inclusion.