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Bolivia Signs Open-Ended Crypto Pact With El Salvador’s Regulator

The MoU takes effect immediately without an expiration date, leveraging El Salvador’s Bitcoin legal tender experience to inform Bolivia’s digital asset rulebook.

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 MoU commits Bolivia’s central bank and El Salvador’s CNAD to collaborate indefinitely on crypto policy, technical standards and risk management.
  • Digital asset transactions in Bolivia climbed from $46.5 million in June 2024 to $294 million by June 2025 after a crypto ban was repealed.
  • Bolivia will tap El Salvador’s 2021 Bitcoin Law model, drawing on operational insights from its pioneering legal tender rollout.
  • Officials aim to boost financial inclusion by promoting cryptocurrencies as stable alternatives as the boliviano loses value.
  • Institutional steps such as Banco Bisa’s USDT custody launch and YPFB’s plans to use crypto for fuel imports underscore growing adoption.