El Salvador Assists Bolivia in Formulating Cryptocurrency Regulations

El Salvador's National Commission for Digital Assets (CNAD) has partnered with the Central Bank of Bolivia (BCB) to share expertise and experience in creating regulatory frameworks for digital assets. The memorandum of understanding, signed by the heads of both institutions, looks to promote cooperation and exchange of regulatory and technical knowledge, including blockchain intelligence tools and risk analysis.

This development is a significant stride for Bolivia, which has seen a substantial increase in digital asset usage since the issuance of Decree 082/2024. El Salvador, a leader in crypto asset regulation and adoption since its Bitcoin Law was passed in 2021 and Bitcoin became legal tender, continues to take a pro-innovation approach to digital assets.