On Wednesday, Bolivia’s central financial institution announced that it had signed a proper settlement with El Salvador’s digital asset regulator, marking a big step towards growing a authorized and technical framework for cryptocurrency adoption within the Andean nation.
The Central Financial institution of Bolivia (BCB) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD) will collaborate on a broad vary of crypto coverage initiatives underneath the phrases of a newly signed memorandum of understanding. The settlement contains joint work on blockchain intelligence instruments, regulatory frameworks, and danger evaluation fashions. It’s open-ended and takes impact instantly.
The coverage shift comes as crypto use accelerates in Bolivia. Based on figures launched by the BCB, digital asset transaction quantity grew from $46.5 million in June 2024 to $294 million in June 2025, a greater than sixfold enhance following the passage of Decree No. 082/2024, which licensed broader use of cryptoassets throughout the nation.
The brand new settlement attracts on El Salvador’s expertise as the primary nation to undertake bitcoin as authorized tender and construct a proper digital asset regulatory system. The CNAD, established after El Salvador’s 2021 Bitcoin Law, oversees the authorization of token choices, the registration of digital asset service suppliers, and the supervision of crypto-related platforms.
BCB Performing President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García signed the settlement in La Paz. The 2 establishments will share finest practices geared toward supporting Bolivia’s objective of constructing a clear, inclusive, and well-regulated digital asset ecosystem, notably for populations underserved by conventional finance.
Whereas Bolivia has traditionally taken a cautious stance on crypto, the settlement indicators a transfer towards gradual regulatory engagement relatively than restriction. Officers emphasised that cooperation with El Salvador will assist Bolivia modernize its monetary infrastructure whereas safeguarding stability and selling innovation.
The deal aligns Bolivia with a rising variety of nations exploring tailor-made crypto rules in response to speedy adoption, particularly in Latin America. It additionally reinforces El Salvador’s position as a regional reference level for crypto integration on the institutional degree.