Bolivia and El Salvador have signed a Memorandum of Understanding aimed at fostering cooperation in digital finance and regulation.
Cooperation Agreement
The memorandum 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.
Sustainable Growth of Cryptocurrency in Bolivia
According to reports, transaction volumes in Bolivia surged from $46.5 million to $294 million over the past year following the implementation of its first regulatory framework for cryptocurrencies. Officials now see El Salvador, recognized as a crypto pioneer, as a key partner in accelerating Bolivia’s digital asset roadmap.
Future Prospects for Cooperation
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 signing of the Memorandum of Understanding between Bolivia and El Salvador opens new horizons for digital assets in the region and may help create a more inclusive financial ecosystem.
