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THE LARGEST CRYPTO EVENT IN BOLIVIA
This Friday, December 6th, the largest event on #blockchain in Bolivia will take place. Experts from all over the country and abroad will gather to discuss topics related to cryptocurrencies in the specific context of Bolivia.
The event will be held at the Fexpo Conference Center in Santa Cruz, Bolivia.
Admission is completely free, although spots are limited. Visit criptoconferencia.net and register!
#Bolivia
The event will be held at the Fexpo Conference Center in Santa Cruz, Bolivia.
Admission is completely free, although spots are limited. Visit criptoconferencia.net and register!
#Bolivia
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Bolivia Pushes Metal-Backed Cryptocurrency to Strengthen Financial System
Bolivian President Luis Arce is actively pushing for the adoption of cryptocurrencies backed by precious metals such as lithium and gold, as part of a broader strategy to strengthen the country's financial system. Bolivia, with its rich mineral resources, especially lithium, is seen as having great potential in using digital assets to strengthen its economy.
According to Arce, the initiative will not only help reduce Bolivia's dependence on the US dollar but also promote foreign capital inflows into the country. The use of metal-backed cryptocurrencies, such as Tether's (USDT) stablecoin Alloy, will create a new financial instrument that will strengthen Bolivia's international payment system.
This strategy reflects the Bolivian government’s efforts to leverage domestic resources to create economic advantages, while modernizing its financial means to cope with fluctuations in global markets.
source: beincrypto.com
image source: Wikimedia commons
#bolivia #tether
Bolivian President Luis Arce is actively pushing for the adoption of cryptocurrencies backed by precious metals such as lithium and gold, as part of a broader strategy to strengthen the country's financial system. Bolivia, with its rich mineral resources, especially lithium, is seen as having great potential in using digital assets to strengthen its economy.
According to Arce, the initiative will not only help reduce Bolivia's dependence on the US dollar but also promote foreign capital inflows into the country. The use of metal-backed cryptocurrencies, such as Tether's (USDT) stablecoin Alloy, will create a new financial instrument that will strengthen Bolivia's international payment system.
This strategy reflects the Bolivian government’s efforts to leverage domestic resources to create economic advantages, while modernizing its financial means to cope with fluctuations in global markets.
source: beincrypto.com
image source: Wikimedia commons
#bolivia #tether
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Bolivia intends to resort to stablecoins!!
The president of Bolivia, Luis Arce, announced several economic measures to address the country's economic situation. And the use of stablecoins is among them.
The use of stablecoins is an option to address the low supply of dollars in the country. In addition, Arce was specific when mentioning cryptos backed by metals.
According to the president, “the greater dissemination of crypto assets backed by gold, lithium and technological metals, such as Tether's Alloy (aUSDT) will be promoted”.
The Bolivian government also enabled the use of digital payments with the aim of strengthening financial and commercial activities in the face of the dollar shortage.
Not long ago, Bolivia was one of the few countries that still prohibited the use of cryptocurrencies, including in the context of South America.
After all, the Central Bank of Bolivia (BCB) considered assets such as Bitcoin a high-risk product for investors. This is because they could become victims of cyber fraud, according to the institution.
However, this changed in July of this year, when the BCB revoked the ban on payments in cryptocurrencies. Therefore, the agency began to allow financial institutions to carry out transactions using digital assets.
Source: Cryptonews
I would like Bolivian investors to comment with the community on how they are analyzing this attitude.
#BTC #bolivia #cripto
The president of Bolivia, Luis Arce, announced several economic measures to address the country's economic situation. And the use of stablecoins is among them.
The use of stablecoins is an option to address the low supply of dollars in the country. In addition, Arce was specific when mentioning cryptos backed by metals.
According to the president, “the greater dissemination of crypto assets backed by gold, lithium and technological metals, such as Tether's Alloy (aUSDT) will be promoted”.
The Bolivian government also enabled the use of digital payments with the aim of strengthening financial and commercial activities in the face of the dollar shortage.
Not long ago, Bolivia was one of the few countries that still prohibited the use of cryptocurrencies, including in the context of South America.
After all, the Central Bank of Bolivia (BCB) considered assets such as Bitcoin a high-risk product for investors. This is because they could become victims of cyber fraud, according to the institution.
However, this changed in July of this year, when the BCB revoked the ban on payments in cryptocurrencies. Therefore, the agency began to allow financial institutions to carry out transactions using digital assets.
Source: Cryptonews
I would like Bolivian investors to comment with the community on how they are analyzing this attitude.
#BTC #bolivia #cripto