• Crypto usage in Bolivia surged from $46.5 million to over $294 million following new regulatory reforms.
• Bolivia and El Salvador signed a historic MoU to share crypto regulations, blockchain expertise, and technical frameworks.
• The partnership aims to build a safe, inclusive digital economy and attract international investment to Latin America.

Cryptocurrency continues to shape the future of the world’s financial systems, and Latin America is no exception. In a further extension of the digital asset inclusion, Bolivia and El Salvador signed a historic cooperation agreement, being the latest frontier in regional cryptocurrency development.

The Central Bank of Bolivia (BCB) and the National Commission of Digital Assets of El Salvador entered into a memorandum of understanding (MoU) whose goal is the sharing of regulatory experience, technical solutions, and innovation plans.

This joint agreement follows the rapid growth Bolivia has seen in the crypto world. The virtual asset usage within the nation has grown from $46.5 million to over $294 million in the last year alone and is directly attributed to the signing of Regulatory Decree No. 082/2024.

This regulatory climate opened the door to the orderly and safe use of cryptos and catalyzed additional consumer and investor demand. The usage crescendo was reached during the June 2024 and June 2025 time frame and concreted Bolivia’s plan to bring the financial landscape into the modern era.

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A Regional Alliance for Crypto Regulation and Innovation

As per the deal, the two nations will exchange technical knowledge, blockchain understanding, and risk models, all within the jurisdictions of the two nations.

CNAD President Juan Carlos Reyes García and BCB President Edwin Rojas Ulo signed the MoU. The MoU became immediately effective and never expires. The long-term cooperation in the field of crypto thus continues with the progress of technology and market needs.

Even though El Salvador removed the legal tender status from Bitcoin only in January 2025 after an IMF-sanctioned loan deal worth $1.4 billion, the nation is still the global leader in the regulation of cryptocurrency.

The experience remains highly demanded, and the collaboration with Bolivia works to further expand the reach of El Salvador while being within the bounds of the current IMF restrictions. El Salvador currently possesses approximately 6,253 BTC as of July 2025 and hasn’t added to that thereafter from the initial months of 2025, showing adherence to its international financial obligations.

It provides Bolivia with a good opportunity to benefit from the experience of El Salvador in the regulation of the virtual market. The agreement will be of benefit to small businesses, entrepreneurs, and households, mostly the marginalized who have never had access to the mainstream financial market. The agreement aims to attract overseas funding and sustainable financial growth through the building of a safe and inclusive virtual economy.

Overall, the agreement entails the establishment of robust regulatory frameworks that support innovation and maintain legal and financial safeguards. In two information-sharing-focused and infrastructure-construction central banks, the partnership will be the foundation of Latin America’s digital asset project.

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