Bitcoin News Today: Bolivia partners with El Salvador to build crypto regulatory framework

Bolivia has moved to formalize its engagement with digital assets by entering a collaborative partnership with El Salvador, a country widely recognized for its pioneering approach to cryptocurrency adoption. The Central Bank of Bolivia (BCB) signed a Memorandum of Understanding (MoU) with El Salvador’s National Commission for Digital Assets (CNAD) on July 16, 2025, to develop a regulatory framework for digital assets tailored to Bolivia’s economic and financial conditions [2]. This partnership aims to foster a transparent and secure environment for digital asset usage while ensuring consumer protection and financial stability [2].

The agreement includes shared efforts in blockchain intelligence, regulatory development, and risk analysis, reflecting Bolivia’s strategic intent to adopt a cautious yet progressive approach to digital finance [2]. This move comes at a time when digital asset transaction volumes in Bolivia have surged significantly—from $46.5 million in June 2024 to $294 million in June 2025—driven by Decree No. 082/2024, which expanded the legal use of cryptocurrencies [2]. The rapid growth highlights the need for a structured regulatory environment, which Bolivia now aims to build with El Salvador’s support.

El Salvador, having adopted Bitcoin as legal tender in 2021 under its Bitcoin Law, has since become a key reference point for digital asset regulation in the region [2]. The CNAD has overseen the authorization of token offerings, the registration of digital asset service providers, and the supervision of crypto platforms, creating a model that Bolivia hopes to adapt to its own context [2]. The partnership also aligns with broader regional trends of Latin American countries seeking tailored crypto regulations to manage the growing influence of digital assets.

The MoU was signed by BCB Acting President Edwin Rojas Ulo and CNAD President Juan Carlos Reyes García, who emphasized the value of shared best practices in promoting financial inclusion and supporting underbanked populations [2]. The BCB stated that the agreement will remain in effect indefinitely, reinforcing a long-term commitment to modernizing the financial system [2].

By leveraging El Salvador’s experience, Bolivia aims to balance innovation with stability, ensuring that its regulatory framework is both resilient and adaptable to the evolving digital finance landscape [2]. The collaboration not only positions Bolivia to better manage the opportunities and risks associated with crypto adoption but also reinforces El Salvador’s role as a regional leader in institutional digital asset integration [2]. As the agreement takes immediate effect, its impact will be closely observed by policymakers and market participants across Latin America [2].

Source:

[1] El Salvador Steps In to Help Bolivia Draft Crypto Rules. https://cryptopotato.com/el-salvador-steps-in-to-help-bolivia-draft-crypto-rules/

[2] Bolivia Looks to El Salvador for Help Building Its Crypto. https://finance.yahoo.com/news/bolivia-looks-el-salvador-help-063249612.html

[3] Bitcoin News Today: Bolivia and El Salvador Partner to. https://www.ainvest.com/news/bitcoin-news-today-bolivia-el-salvador-partner-strengthen-crypto-regulation-adoption-2507/