The Central Bank of Bolivia (BCB) on Wednesday signed a memorandum of understanding with El Salvador’s National Digital Assets Commission (CNAD) and announced it was intended to promote bilateral cooperation and exchange of knowledge on cryptographic actions.
The alliance was formalized by the head of CNAD Juan Carlos Reyes García and the interim president of the BCB, Edwin Rojas UL.
According to the official statement, the agreement aims to “foster the exchange of experience and technical and regulatory knowledge in this field, including the use of blockchain intelligence tools, risk analysis, and more within the framework of normative competence.”
From the BCB, they ratify their commitment to providing a regulated, solid environment that promotes innovation and promotes financial inclusion, especially among families and small entrepreneurs.
“The scope of this agreement represents important advances for countries that nourish not only by the use of virtual assets but also through the development of safe and regulated ecosystems, in the details of the regulation of this issue, as a way to promote it through the development of a safe and regulated ecosystem.”
Publication statement issued by the Central Bank of Bolivia.
for that, From the entities, they recognize El Salvador as a reference in the cryptoactive field. Through CNAD, the country has developed the digital currency and token regulatory framework it follows in the region with an approach focused on promoting innovation.
The memorandum was immediately put into effect indefinitely.
The signing of the agreement with El Salvador, recognized for promoting the use of Bitcoin (BTC), coincides with the recent adoption of Bolivian new regulatory frameworks, aims to provide legal support for activities related to modernising the financial system and cryptographic characteristics.
As reported by Cryptonotics, it is supported by the highest order 5384 through ASFI Resolution 540/2025. Bolivia first established specific guidelines for regulating it Both technical platforms in the financial sector and suppliers of virtual asset services.
The regulations developed by the Financial Systems Supervision Authority (ASFI) affect more than 200 companies that must adapt by the end of the year, incorporating key principles such as responsible innovation, interoperability and protecting user confidentiality.