According to PANews, crypto transactions have increased significantly in the past three months after Bolivia's new regulations legalized digital payment channels. The Bolivian Central Bank said that the monthly transaction volume of virtual assets increased from US$7.6 million to US$15.6 million, mainly driven by stablecoin transactions and public interest.
The number of virtual asset transactions also increased significantly, with more than 1.1 million transactions from July to September, compared with about 932,000 in the first six months, most of which were conducted by individuals.
The Financial System Superintendent reported that six financial institutions began to conduct business with virtual assets, with a 40% increase in business from July to August. The central bank launched an educational program, holding 33 workshops with more than 3,000 participants. Governor Edwin Rojas Ulo called the move a strategic part of modernizing the economy and strengthening international commerce.