The Central Bank of Bolivia published a press release announcing that it has signed a memorandum of understanding with El Salvador’s National Commission of Digital Assets (CNAD) to promote mutual cooperation and the exchange of information and expertise on cryptoassets and virtual assets in Bolivia. The cooperation is intended to cover technical and regulatory knowledge-sharing, including the use of blockchain intelligence tools and risk analysis within each institution’s mandates. The central bank pointed to rapid growth in domestic virtual-asset usage, rising from USD 46.5 million in June 2024 to USD 294 million in June 2025 in the first year after R.D. No 082/2024 took effect. The memorandum was signed by CNAD President Juan Carlos Reyes García and acting Central Bank of Bolivia President Edwin Rojas Ulo and is effective immediately for an indefinite term.
Central Bank of Bolivia 2025-07-30
Central Bank of Bolivia signs open-ended cooperation memorandum with El Salvador’s National Commission of Digital Assets on cryptoasset development
The Central Bank of Bolivia and El Salvador’s National Commission of Digital Assets signed a memorandum of understanding to enhance cooperation on cryptoassets and virtual assets. The agreement focuses on technical and regulatory knowledge-sharing, including blockchain intelligence tools and risk analysis. This comes amid a significant increase in Bolivia's virtual-asset usage, rising from 46.5 million USD to 294 million USD within a year.