Bolivia News

Global inflation has slowed down, but in many countries, crypto is still providing an attractive and viable alternative to the local monetary system.

Fiat currency inflation, US dollar shortages and global competition are prompting the government to integrate cryptocurrencies.

Bolivian President-elect Rodrigo Paz plans to use blockchain for public procurement and include crypto in asset declarations for a new fund.

Tether is now being accepted for payments at Toyota, Yamaha and BYD in Bolivia as businesses increasingly turn to stablecoins to navigate the country’s US dollar shortage.

Researcher Luiz Eduardo Abreu Hadad told Cointelegraph that while devs are drawn to established ecosystems, the region can create new platforms.

Bolivia has signed an agreement with El Salvador to promote crypto as an alternative to traditional currencies amid its ongoing economic crisis.

Tether CEO Paolo Ardoino shared images of Bolivian duty-free goods priced in USDt, suggesting the stablecoin's growing role as a reference currency in a struggling economy.

Boutique market makers offer tailored liquidity solutions that address local challenges and provide stable financial access, while bridging liquidity gaps in emerging markets.

Bolivia, which lifted its ban on Bitcoin and crypto transactions in 2024, has seen a demonstrable increase in crypto adoption.

Bolivian bank Banco Bisa has introduced a stablecoin custody service, allowing clients to buy, sell and transfer USDT.

The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.

Noncompliant stablecoin issuers could potentially exit the EU market entirely, with a shift toward euro-backed stablecoins as demand picks up in European markets.

The change in regulatory stance marks the end of a ban on crypto use in the country in place since 2014.

During a panel moderated by Cointelegraph editor-in-chief Kristina Lucrezia Cornèr at the Swiss Web3 Fest, industry experts provided insights into how tokenization enables solutions never seen before.

From Bolivia to China, governments have sought to restrict crypto-related activity for various reasons and with different tools.