**Bolivia Sees Crypto Boom After Lifting Bitcoin Ban**
Bolivia's central bank has reported a significant surge in virtual asset trading since lifting its Bitcoin ban in late June. The average monthly trading volume skyrocketed to $15.6 million between July and September, marking a 105% increase compared to the previous 18 months.
- **Trading Volume**: $48.6 million traded in the last three months, surpassing the previous six months combined.
- **Transaction Growth**: Number of transactions up by 141%.
- **Stablecoins**: Majority of trades involved stablecoins.
- **Financial Institutions**: Six more banks registered to offer crypto services.
BCB's acting president, Edwin Rojas Ulo, emphasized that the new regulations provide alternative mechanisms for international transfers and e-commerce. The central bank has also integrated virtual assets into its educational programs, reaching over 3,000 people through 33 workshops. This move aims to better position Bolivian firms in global trade.