Bolivia is taking a major step toward embracing cryptocurrencies by forming a strategic alliance with El Salvador.
This partnership will enable both countries to collaborate on key areas such as blockchain intelligence, regulatory frameworks, and risk management tools.
Bolivia aims to use the El Salvador experience to implement and oversee crypto-related policies. Officials say the agreement is part of a broader effort to build safe, well-regulated crypto ecosystems that could attract foreign investment and promote financial innovation.
Bolivian authorities highlighted the growing relevance of digital assets in cross-border transactions and acknowledged the value of El Salvador’s early adoption of crypto in shaping their own policy path.
The partnership follows a significant policy change in Bolivia. In June 2024, the government passed Resolution 082/2024, overturning a long-standing crypto ban.
The new regulation legalized digital assets for trading and allowed electronic payment methods to support transactions.
