According to TechFlow, the Central Bank of Bolivia recently announced that the country's monthly virtual asset trading volume surged from US$7.6 million to US$15.6 million, mainly driven by stablecoin transactions and increased public interest.
This significant growth is attributed to Board Resolution No. 082/2024, which came into effect in June this year, allowing the use of electronic payment channels for virtual asset transactions. Between July and September, there were more than 1.1 million virtual asset transactions, a significant increase from about 932,000 in the previous six months, most of which were individual transactions. The Financial System Supervisory Authority (ASFI) reported that six financial institutions have begun operating virtual asset businesses.
