Banco Central de Bolivia and the National Commission of Digital Assets of El Salvador signed an agreement of mutual cooperation to develop the cryptocurrency asset market in Bolivia.
Banco Central de Bolivia (BCB) and El Salvador’s National Commission of Digital Assets (CNAD) entered into a cooperation agreement involving the exchange of information as well as technical and regulatory developments in digital assets. The document aims to foster a safe and regulated cryptocurrency market in Bolivia.
The agreement includes the use of blockchain analytics technologies, risk assessment tools, and experience sharing in regulatory framework development. According to the arrangement, El Salvador will share its expertise in building the legal framework and developing the digital assets ecosystem, which both parties believe will make Bolivia more attractive to investors.
According to BCB data, since the adoption of Resolution R.D. №082/2024, which officially legalized virtual asset operations in the country, the volume of crypto transactions grew from $46.5 million in June 2024 to $294 million in June 2025.
The agreement was signed by Juan Carlos Reyes García, President of CNAD, and Edwin Rojas Ulo, Acting President of BCB. The agreement takes effect upon signing and will remain in force indefinitely. Ulo emphasized that the development of digital assets is viewed by Bolivia’s central bank as a tool to modernize the financial system and expand financial inclusion for the population and small businesses.
El Salvador adopted Bitcoin as legal tender in September 2021, making the country one of the pioneers in the digital assets sector and a regional leader in crypto regulation. But in 2024, rumors surfaced about the country possibly changing its Bitcoin policy in exchange for an IMF loan, which ultimately proved true.
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