Bolivia is entering a new financial era by moving towards crypto adoption. On July 30, 2025, the Central Bank of Bolivia signed an important agreement with El Salvador’s National Commission of Digital Assets.
Strategic Partnership to Share Knowledge
The agreement signed between the two countries is called a memorandum of understanding (MoU). This agreement allows both countries to exchange ideas and improve their knowledge of how to regulate and manage digital assets and blockchain technology. The MoU will allow Bolivia and El Salvador to exchange information on crypto laws and regulatory policies. Both countries will join forces to create tools that lower risks and make digital assets safer. They also plan to use blockchain technology to boost transparency and help spot fraud.
Learning from El Salvador’s Crypto Journey
El Salvador has led the way in using cryptocurrency, becoming the first country to make Bitcoin an official currency in 2021. The Central American nation continues to expand its Bitcoin reserves and has enacted favorable laws to attract crypto companies. Although financial groups like the International Monetary Fund have criticized this move, El Salvador has remained focused on its crypto plans. Now, Bolivia wants to learn from El Salvador’s experience to develop its own digital asset policies.
Bolivia’s Policy Change and Growing Interest in Crypto
This partnership follows Bolivia’s significant shift from strict crypto regulations to a more open approach. In June 2024, the government passed Resolution 082/2024, which ended the long-standing ban on digital assets. The new law allows crypto trading and digital payments under clear regulations. Since that change, Bolivia has seen a sharp rise in crypto use. In June 2024, crypto transactions were worth around $46.5 million, and a year later, the value had grown to nearly $294 million. This indicates a growing interest in digital assets among the public and businesses in Bolivia. Additionally, Bolivia has begun using crypto for trade, allowing its national oil company YPFB to use digital currencies when purchasing fuel from abroad.
In conclusion, Bolivia’s partnership with El Salvador in the crypto space creates a foundation for a secure and innovative financial future for both nations.
