Overview
- Economy Minister Jose Gabriel Espinoza said banks may custody digital assets and provide crypto‑denominated savings, credit cards, and loans.
- Households and firms have shifted to USDT due to scarce dollars, with retailers pricing in stablecoins and automakers Toyota, Yamaha, and BYD taking them since September.
- State energy firm YPFB outlined a system for crypto payments for fuel imports, with infrastructure prepared but no transactions completed yet, according to a spokesperson.
- The policy advances alongside talks for more than $9 billion in multilateral financing, proposals to scrap the wealth and financial transaction taxes that need Congress, and a planned 30% spending cut in the 2026 budget.
- Bolivia reversed its crypto ban in 2024, and the central bank has emphasized that digital assets are not legal tender as banks expand services such as stablecoin custody.