El Salvador to Share Its Bitcoin Expertise With Bolivia’s Central Bank

Bolivia has signed a partnership agreement with El Salvador on crypto matters. El Salvador and Bolivia will share technical and legal expertise on crypto-related issues. The agreement between Bolivia and El Salvador will enhance the former’s national development. Bolivia and El Salvador have signed a deal to collaborate on expanding cryptocurrency adoption between themselves. In a strategic move, the Bolivian Central Bank (BCB) and El Salvador’s National Digital Assets Commission (CNAD) signed a Memorandum of Understanding (MoU) to formalize the partnership between the two Latin American nations. Crypto adoption grew in Bolivia last year This partnership comes as Bolivia has experienced a massive surge in cryptocurrency adoption. The volume of crypto transactions in the country exploded from $46.5 million to $294 million over the past year, a huge increase that followed the implementation of the country’s first crypto regulatory framework in 2024. Related: Bitcoin Diplomacy: Pakistan and El Salvador Forge Crypto Alliance Arguably, the R.D. No. 082/2024 regulatory framework has helped Bolivia to structure its digital asset landscape, providing… The post El Salvador to Share Its Bitcoin Expertise With Bolivia’s Central Bank appeared first on Coin Edition .

Source: Coin Edition