Bolivia and El Salvador Partner to Advance Cryptocurrency Regulation

Bolivia’s central bank has signed a landmark agreement with El Salvador’s digital asset regulator to create a legal and technical framework for cryptocurrency adoption in the Andean nation. The memorandum of understanding, signed between the Central Bank of Bolivia (BCB) and El Salvador’s Comisión Nacional de Activos Digitales (CNAD), covers collaboration on blockchain intelligence tools, regulatory frameworks, and risk analysis models. The partnership is effective immediately and open-ended in scope.

This move comes amid a surge in crypto activity within Bolivia. Data from the BCB shows digital asset transactions jumped from $46.5 million in June 2024 to $294 million by June 2025, following the passage of Decree No. 082/2024, which authorized broader use of cryptoassets nationwide.

El Salvador’s expertise in digital asset regulation, stemming from its 2021 Bitcoin Law and role as the first nation to adopt bitcoin as legal tender, will serve as a model for Bolivia. The CNAD currently oversees token offerings, digital asset service providers, and compliance measures for crypto platforms.

BCB Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García signed the agreement in La Paz, pledging to share best practices that promote a transparent and inclusive digital asset ecosystem. Officials highlighted the initiative as a key step in modernizing Bolivia’s financial infrastructure while balancing innovation with stability and investor protection.

The agreement positions Bolivia alongside other Latin American countries crafting tailored cryptocurrency regulations amid accelerating adoption. It also reinforces El Salvador’s influence as a regional leader in integrating blockchain technology into national financial systems.

This collaboration marks Bolivia’s shift from cautious oversight to proactive regulatory engagement, reflecting the region’s growing embrace of digital finance.