Bolivia is collaborating with El Salvador to create regulations for digital assets. A formal agreement has been established between Bolivia and El Salvador’s National Commission for Digital Assets (CNAD), focusing on the development of a complete legal structure for crypto assets.
The Central Bank of Bolivia (BCB) and CNAD have signed a memorandum of understanding (MoU) to share information. This includes regulatory frameworks, blockchain monitoring technologies, and methods for analyzing risks. The objective is to establish a clear and accessible digital asset system in Bolivia, especially benefitting those who lack access to standard banking services.
This move comes after a significant increase in cryptocurrency transactions within Bolivia. Transaction volume rose from $46.5 million in June 2024 to $294 million by June 2025. This growth is linked to Decree No. 082/2024, leading to a more open and organized regulatory approach for cryptocurrencies, moving away from previous limitations. The BCB has stated that working with El Salvador will help modernize Bolivia’s financial system, balancing new technologies with stability.
El Salvador, the first nation to recognize Bitcoin as legal currency, will provide a framework for Bolivia’s regulatory development. CNAD, created after El Salvador’s Bitcoin Law in 2021, oversees token offerings, service providers, and platform regulations. Using this experience, Bolivia intends to create a stable digital asset market and promote financial technology innovation. This partnership also reflects a broader trend in Latin America toward adopting specific crypto regulations to address increasing usage.
Bolivia’s shift demonstrates a strategic change in its economic policies, aligning with global trends that acknowledge the potential of digital currencies to improve financial inclusion and resilience. The MoU shows a mutual understanding of the advantages of integrating digital assets into a well-regulated system. Both parties have stressed that their collaboration will prioritize policies that protect consumers while supporting the growth of digital financial services.
The agreement, signed by BCB Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García, has no set end date and will involve cooperative efforts to establish regulatory standards and monitoring tools. This signals a transition from caution towards a more gradual regulatory approach, as officials aim to take advantage of the digital economy’s opportunities without jeopardizing financial security.
Sources:
[1] Bolivia Looks to El Salvador for Help Building Its Crypto Regulatory Framework
(CoinDesk, https://www.coindesk.com/policy/2025/07/31/bolivia-looks-to-el-salvador-for-help-building-its-crypto-regulatory-framework)
[2] Bolivia Partners with El Salvador to Build National Crypto Framework
(Coinpedia, https://coinpedia.org/news/bolivia-partners-with-el-salvador-to-build-national-crypto-framework/)
[3] The White House Formally Acknowledges a Strategic
(Facebook, https://www.facebook.com/manuel.guevarra.369210/posts/the-white-house-formally-acknowledges-a-strategic-bitcoin-reserve-marking-bitcoi/733454746234403/)
[4] The Challenges and Breakthroughs of Public Goods from
(MEXC, https://www.mexc.com/zh-MY/news/the-challenges-and-breakthroughs-of-public-goods-from-the-perspective-of-ethereum-infrastructure-iteration/63105)