- Bolivia seeks crypto solutions amid depleted foreign reserves and dollar shortages affecting trade and import capabilities.
- El Salvador will share technical expertise on crypto integration and secure infrastructure development for Bolivian implementation.
Bolivia has established a cooperative agreement with El Salvador to advance cryptocurrency adoption. Edwin Rojas Ulo, interim president of Bolivia’s Central Bank, and Juan Carlos Reyes García, head of El Salvador’s National Digital Assets Commission, formalized this arrangement.
The partnership focuses on developing joint strategies for cryptocurrency integration and secure digital infrastructure.
“The Central Bank of Bolivia (BCB) informs the population that it has signed a memorandum of understanding with the National Commission of Digital Assets (CNAD) of El Salvador, in order to promote and facilitate mutual cooperation and the exchange of information and knowledge between both institutions on issues related to these securities, which have quickly become a widely used alternative due to their potential for international transactions”. – Banco Central de Bolivia (2025). Comunicado de Prensa CP30/2025. 30 de julio de 2025.
This collaboration responds to Bolivia’s economic challenges
The country faces depleted foreign reserves and import constraints. Cryptocurrencies offer alternative financial solutions under these conditions. Bolivia lifted its cryptocurrency ban in 2024. Transaction volumes subsequently reached $294 million in the first half of 2025.
“Both entities commit to ‘promote the exchange of technical and regulatory experience and expertise in the field, including the use of blockchain intelligence tools, risk analysis, etc., within the framework of their regulatory competences’.” – Banco Central de Bolivia (2025). Comunicado de Prensa CP30/2025. 30 de julio de 2025.
El Salvador will share operational insights from its Bitcoin adoption experience. This includes technical guidance for public policy design. The knowledge transfer aims to enhance financial inclusion in Bolivia. Small businesses and households may access new economic opportunities through this initiative.
The agreement addresses Bolivia’s dollar shortage directly. Cryptocurrencies could facilitate trade and remittances outside traditional banking channels. Infrastructure development will prioritize security protocols for digital transactions. Regulatory frameworks will align with both nations’ financial governance standards.
“The Central Bank of Bolivia reaffirms its commitment to the development of policies to modernise the financial system and deepen financial inclusion”. – Banco Central de Bolivia (2025). Comunicado de Prensa CP30/2025. 30 de julio de 2025.
ETHNews noted growing Bolivian interest in crypto assets. Central bank officials will draft implementation guidelines next quarter. El Salvador’s advisory role provides practical scaffolding for Bolivia’s transition.
