On Wednesday, the Central Bank of Bolivia announced that it had signed a formal agreement with the Digital Assets of El Salvador, marking a significant step to develop a legal and technical framework for the adoption of cryptocurrencies in the Andean nation.
The Central Bank of Bolivia (BCB) and the National Commission of Digital Assets (CNAD) of El Salvador (CNAD) will collaborate in a wide range of cryptographic policies initiatives under the terms of a recently signed comprehension memorandum. The agreement includes joint work on blockchain intelligence tools, regulatory frameworks and risk analysis models. It is open and immediately comes into force.
Policy change occurs when Crypto use accelerates in Bolivia. According to the figures published by the BCB, the volume of digital asset transactions grew from $ 46.5 million in June 2024 to $ 294 million in June 2025, an increase of more than six times after the approval of Decree No. 082/2024, which authorized the broader use of cryptoassets throughout the country.
The new agreement is based on El Salvador’s experience as the first country to adopt Bitcoin as a legal tender and build a regulatory system of formal digital assets. The CNAD, established after the Bitcoin 2021 Law of El Salvador, supervises the authorization of tokens offers, the Registry of Digital Assets Services Suppliers and the supervision of cryptography related platforms.
The interim president of BCB, Edwin Rojas Ul, and the president of CNAD, Juan Carlos Reyes García, signed the agreement in La Paz. The two institutions will share the best practices aimed at supporting Bolivia’s goal to build a transparent, inclusive and well -regulated digital asset ecosystem, particularly for populations unattended by traditional finances.
While Bolivia has historically adopted a caution posture on cryptography, the agreement indicates a movement towards gradual regulatory commitment instead of restriction. The authorities emphasized that cooperation with El Salvador will help Bolivia modernize its financial infrastructure while safeguarding stability and promoting innovation.
The agreement aligns Bolivia with a growing number of countries that explore custom cryptographic regulations in response to rapid adoption, especially in Latin America. It also reinforces the role of El Salvador as a regional reference point for cryptographic integration at the institutional level.
