Bolivia quietly enters the 'crypto era' – learning from El Salvador, applying Bitcoin and USDT daily

After a year of lifting the cryptocurrency ban, Bolivia officially signed a cooperation agreement with El Salvador to build policies and blockchain infrastructure. #ElSalvador – the first country to recognize Bitcoin as legal tender – is now a model for Bolivia to learn from in regulating, controlling risks, and integrating crypto into the national financial system.

The Central Bank of Bolivia (BCB) declared digital assets as a 'reliable' alternative to traditional currency, particularly useful for households and small businesses. Crypto transactions in #Bolivia have surged, reaching $294 million by mid-2025 – more than 6 times compared to after the lifting of the ban.

The reason Bolivia is promoting crypto is due to the economic crisis: national foreign exchange reserves have decreased by nearly 98% over 10 years, and the local currency boliviano has depreciated significantly. Currently, USDT and Bitcoin are commonly used at barbershops, restaurants, and even listed directly on the menu prices.

Large organizations are also getting involved. Banco Bisa has launched USDT custody services, while the national oil company YPFB is preparing to use crypto for fuel imports.

Crypto is no longer a trend – for Bolivia, it is an escape.

Note: Investing in digital assets always carries risks. Please consider carefully and only invest within acceptable limits.