Bolivia is taking a bold step into the world of digital finance. The Central Bank of Bolivia (BCB) has officially signed a memorandum of understanding (MoU) with El Salvador’s Comisión Nacional de Activos Digitales (CNAD) to promote the use and regulation of cryptocurrencies across the country. This strategic partnership marks a major shift in Bolivia’s stance on crypto and signals its commitment to financial modernization.
Signed in La Paz by BCB Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García, the agreement focuses on building a collaborative framework for blockchain technology, digital asset regulation, and risk management. The MoU takes effect immediately and reflects Bolivia’s growing interest in digital finance solutions that promote inclusion and transparency.
A Growing Crypto Market in Bolivia
Bolivia’s interest in cryptocurrency has skyrocketed over the past year. Crypto transactions surged from $46.5 million in June 2024 to a remarkable $294 million by June 2025. This explosive growth follows the introduction of Decree No. 082/2024, which expanded the legal use of cryptoassets within the country.
Officials believe that partnering with El Salvador—globally recognized as the first country to adopt Bitcoin as legal tender—will help Bolivia build a secure and regulated digital finance ecosystem. El Salvador’s firsthand experience will serve as a blueprint for Bolivia’s approach, helping policymakers implement best practices while managing associated risks.
Aligning with Latin America’s Digital Future
Bolivia is the latest in a wave of Latin American nations exploring crypto as a path to greater financial inclusion and innovation. By aligning with El Salvador, Bolivia is showing a willingness to adopt modern financial technologies responsibly.
The collaboration will include knowledge sharing on blockchain tools, regulatory policy development, and cross-border cooperation. As digital assets gain momentum across the region, Bolivia’s new alliance positions it to be a leader in Latin America’s crypto future.
This agreement isn’t just about tech—it’s about economic opportunity, access, and building a more inclusive financial system for millions of Bolivians.
