Bolivia calls a “reliable alternative” in the new Salvador Partnership deal star-news.press/wp
Evolution journalist
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Evolution journalist
Good people
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The Central Bank of Bolivia signed a memorandum of understanding with the National Committee for Digital Assets in El Salvador to enhance the development of encryption, which represents a reflection of the dramatic policy of the nation that previously prohibited virtual assets and is now released.A reliable alternative“Traditional currencies.
cooperation deal The exchange of mutual information and the participation of knowledge on Blockchain intelligence tools, risk analysis and organizational experiences between both institutions.
Bolivia’s virtual assets are used 532 % in one year
Use the virtual assets of Bolivia Rise From $ 46.5 million to $ 294 million between June 2024 and June 2025 after organizational changes.
The partnership enters into force immediately for an unspecified period. This puts Bolivia to take advantage of the leading organizational framework in El Salvador and practical experience as the first country in the world to adopt Bitcoin as a legal tendency.
CNAD of El Salvador has become a key representative in the ecosystem of global digital assets.
Bolivia embraces the cryptocurrency sharply with its historical position, as it previously maintained a strict ban on virtual assets before the implementation of the Board Decision 082/2024 in June 2024.
The policy transforms the legal use of virtual assets of cross -border transactions and e -commerce payments.
The agreement works to unify the progress made in creating digital assets as viable alternatives for families and young businessmen.
At the same time, the central bank in Bolivia commits the policies that update the financial system and deepen the financial integration through the ecosystems of organized cryptocurrencies.
Al Salvador experience provides valuable guidelines despite the recent international monetary funds that culminated in Bitcoin purchases in the country and the state’s Chevo portfolio privatized by July 2025.
The cryptocurrency revolution in Bolivia is gaining momentum
Earlier this year, the central bank allowed the provision of the YPFB government oil to use the cryptocurrency to buy crude oil and diesel from international sellers in March 2025.
They were aiming to address the lack of foreign currencies that created fuel supply disorders throughout the country.
The Council of Ministers granted President Louis Ars, YPFB permission to make fuel import deals using the US dollar or cryptocurrency, as Bolivia requires at least $ 60 million per week for fuel imports.
YPFB Decree guides budget adjustments that cover financial costs within the regulations in place.
The approval of the Bolivia Cracks accelerated quickly, as virtual asset transactions exceed 1.1 million from July to September 2024, compared to 932,000 in the six months before.
Six financial institutions began to work with virtual assets, as they reported 40 % growth in operations between July and August.
The Central Bank launched educational initiatives, as it conducted more than 33 workshops in the country, and reached more than 3000 participants to inform the public of the characteristics of virtual assets and risk.
The legal framework enables the Bolivians to use the cryptocurrencies of cross -border transactions and e -commerce payments.
The partnership with El Salvador provides artistic experience to develop safe ecosystems and organized for encrypted currency.
Bolivia joins an increasing number of countries that use cryptocurrency for international trade, especially those looking for alternatives to traditional banking systems amid sanctions or political tensions.
Bitcoin from El Salvador faces the restrictions of the International Monetary Fund
El Salvador maintains about 6,244 bitcoin at a value of $ 742 million despite the restrictions of the International Monetary Fund loan agreement to prevent new government purchases since February 2025.
The loan program of $ 1.4 billion from the country requires the maintenance of the unchanged bitcoin and the privatization of the Chivo portfolio.
President Nayb’s claims have been contradictory to the previous Bitcoin purchases through the International Monetary Fund documents that confirm the absence of new acquisitions since the loan agreement.
The activity on the chain that shows bitcoin movements between the governor is internal transfers instead of new purchases.
The International Monetary Fund has praised the updated bitcoin policy from El Salvador to reduce financial risks and enhance transparency, noting that these steps help in stabilizing inflation and restoring total economic stability.
However, Bitcoin is no longer a mandatory legal tender under the agreement.
El Salvador CNAD has strengthened its position as a regional leader in organizing cryptocurrency, enhancing innovation, security and organizational compliance in the digital assets sector.
The regulatory framework in the country is still among the most developing virtual assets in the world.
My First Bitcoin said that government -backed education and adoption efforts have stopped since the International Monetary Fund deal, with a decrease in general participation in encrypted currency learning programs.
This shift raised questions about the long -term feasibility of seeing the original Bitcoin from El Salvador.
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2025-07-31 09:17:00
