Bolivia Partners with El Salvador to Boost Crypto Adoption Amid 630% Growth

Bolivia’s Central Bank has signed a memorandum of understanding (MOU) with El Salvador’s National Commission of Digital Assets (CNAD). The collaboration seeks to develop and regulate the use of digital assets in the country. In the face of Bolivia’s economic challenges, the BCB also called cryptocurrencies a ‘viable and reliable alternative’ to traditional fiat currencies. This strategic move comes as Bolivia experiences a remarkable 630% surge in domestic cryptocurrency transactions source: https://beincrypto.com/bolivia-el-salvador-crypto-agreement/