Bolivia has signed a strategic agreement with El Salvador to deepen cooperation on cryptocurrency and blockchain development.
The Memorandum of Understanding (MoU), signed by Bolivia’s Central Bank (BCB) and El Salvador’s National Digital Assets Commission (CNAD), aims to foster cross-border collaboration in digital finance, regulation, and innovation.
The move comes as Bolivia experiences a major surge in crypto activity. Transaction volumes jumped from $46.5 million to $294 million over the past year, following the implementation of its first crypto regulatory framework, R.D. No. 082/2024. Officials now see El Salvador—widely regarded as a crypto pioneer—as a key partner in accelerating Bolivia’s digital asset roadmap.
Under the agreement, both countries will share expertise in blockchain regulation, risk analysis, and technical standards. While each nation retains full regulatory control, the partnership sets the stage for more harmonized crypto strategies across Latin America.
The deal also reflects broader ambitions: Bolivia aims to build a more inclusive financial ecosystem by leveraging digital assets to support small businesses, boost innovation, and reduce reliance on traditional banking. Drawing on El Salvador’s experience, Bolivia hopes to fast-track its transformation into a regional crypto hub.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.
Source: https://coindoo.com/bolivia-partners-with-el-salvador-to-expand-crypto-adoption/