El Salvador teams up with Bolivia to expand crypto adoption

El Salvador teams up with Bolivia to expand cryptocurrency adoption through cooperation agreement. The Central Bank of Bolivia signed memorandum with El Salvador’s Digital Assets Commission.

Bolivia’s virtual asset usage surged from $46.5 million to $294 million annually. Both nations commit to sharing technical knowledge and regulatory experiences.

Bolivia shows strong crypto growth

The use of cryptocurrency in Bolivia rose from $46.5 million to $294 million in the span of one year. The rise took place after the implementation of R.D. No. 082/2024 regulatory framework. High adoption is recorded in the June 2024 to June 2025 period.

The Central Bank of Bolivia executed an agreement with the National Commission of Digital Assets of El Salvador. They both wish to cooperate and share information. The agreement is regarding crypto assets and blockchain.

Juan Carlos Reyes García from CNAD and Edwin Rojas Ulo from BCB signed the memorandum. The memorandum starts right away and has no expiration date. Bolivia benefits from El Salvador’s experience with regulations and use of virtual assets.

The collaboration entails the exchange of technical and legal expertise between nations. Countries will exchange blockchain intelligence platforms and risk analysis methods. The system operates within the regulatory capacities and jurisdictions of each institution.

This partnership is regarded by Bolivia as a significant move towards national development. The nation acquires El Salvador’s guidelines to prepare and means of implementing them. Collaboration will develop safe and controlled spaces that will draw investments.

The agreement makes progress in digital assets a valid currency choice. Small businesses and households benefit most from such inclusion schemes.

El Salvador’s regulatory leadership faces Bitcoin policy changes

El Salvador’s National Commission of Digital Assets became key player in global ecosystem. CNAD promotes innovation, security, and regulatory compliance across the digital asset sector. The commission regulates and supervises the industry including cryptoassets and tokens.

El Salvador established itself as pioneer in virtual asset regulation regionally. The Central American nation ranks among most advanced countries promoting digital assets.

However, El Salvador revoked Bitcoin’s legal tender status in January 2025. The policy change occurred through deal with International Monetary Fund. El Salvador agreed to halt new public-sector Bitcoin purchases for $1.4 billion loan.

Current government Bitcoin holdings stand at approximately 6,253 BTC as of July. This number hasn’t changed since early 2025 due to IMF restrictions. Recent increases in reported reserves result from internal wallet consolidations only.

The reserve figure shows existing holdings rather than fresh market purchases. El Salvador maintains Bitcoin position while complying with IMF loan conditions. The country balances crypto leadership with international financial institution requirements.

Despite policy changes, El Salvador continues sharing regulatory expertise with Bolivia. The partnership allows knowledge transfer while respecting current IMF agreement terms. Both nations benefit from cooperation within existing regulatory frameworks.

Central banks commit to modernizing financial systems through crypto cooperation

The Central Bank of Bolivia reaffirms commitment to developing modernization policies for financial systems. The institution focuses on deepening financial inclusion through digital asset initiatives. Bolivia aims to create attractive investment environment through secure regulated ecosystems.

Both central banks will exchange blockchain intelligence tools and risk analysis methods. Technical cooperation includes regulatory compliance frameworks and supervision techniques across jurisdictions.

Bolivia positions itself to benefit from El Salvador’s regulatory drafting expertise significantly. The cooperation provides access to proven implementation strategies and compliance frameworks. Both nations work within their respective regulatory competencies and legal boundaries.

The agreement consolidates digital assets as viable alternative to traditional currencies. Small entrepreneurs and families particularly benefit from expanded financial inclusion options.

El Salvador’s pioneering status in regional crypto regulation provides valuable lessons. Bolivia gains access to tested policies and implementation strategies through partnership.

The indefinite agreement duration allows long-term cooperation and knowledge sharing. Both institutions maintain flexibility to adapt cooperation as markets change.

Cryptopolitan Academy: Tired of market swings? Learn how DeFi can help you build steady passive income. Register Now