CoinVoice has recently learned that, according to Bitcoin.com, the Central Bank of Bolivia, under the leadership of President Edwin Rojas Ulo, is designing a new cryptocurrency called "Virtual Boliviano," aimed at international settlements.

It is reported that the proposal will be officially announced during the celebrations for Bolivia's 200th Independence Day on August 6. To ensure the robustness of the design, the central bank is collaborating with international institutions and other central banks. The officials stated that the "Virtual Boliviano" is expected to modernize the payment system while helping to save foreign exchange reserves.[Original link]