On Wednesday, Bolivia’s central bank announced that it had signed a formal agreement with El Salvador’s digital asset regulator, which marked a significant step towards developing a legal and technical framework for the adoption of cryptocurrency in Andes nation.
The central bank in Bolivia (BCB) and El Salvadors Comisión Nacional de Activo’s Digitales (CNAD) will collaborate on a wide range of cryptopolitical initiatives in accordance with the conditions of a newly signed spacer morandum. The agreement includes joint work with blockchain adaptation tools, regulatory frameworks and risk analysis models. It is open and comes into effect immediately.
The change of policy comes as crypto use accelerates in Bolivia. According to numbers released by BCB, digital asset transaction volume grew from $ 46.5 million in June 2024 to $ 294 million in June 2025, a more than six times increase following the passage of decree # 082/2024, authorized wider use of cryptoassets across the country.
The new agreement draws on El Salvador’s experience as the first country to adopt Bitcoin as a legal tender and build a formal regulatory system for digital asset. CNAD, created after El Salvador’s 2021 Bitcoin law, oversees the permission of token offers, registration of digital asset service providers and monitoring of crypto-related platforms.
BCB acting President Edwin Rojas Ulo and Cnad President Juan Carlos Reyes García signed the agreement in La Paz. The two institutions will share best practices aimed at supporting Bolivia’s goal of building a transparent, inclusive and well -regulated digital active ecosystem, especially for populations underestimated by traditional funding.
While Bolivia has historically taken a cautious attitude towards crypto, the agreement signalizes a step towards gradual legislative commitment rather than restriction. Officials emphasized that collaboration with El Salvador will help Bolivia modernize its financial infrastructure while protecting stability and promoting innovation.
The deal adapts Bolivia with an increasing number of countries examining tailor -made crypto regulations in response to rapid adoption, especially in Latin America. It also strengthens El Salvador’s role as a regional reference point for cryptocintegration at institutional level.
