The Central Bank of Bolivia (BCB) announced on Wednesday that it signed a memorandum of understanding with the National Commission of Digital Assets (CNAD) of El Salvador, with the purpose of promoting bilateral cooperation and the exchange of knowledge about cryptoactive, a technology that has gained global relevance as an alternative for financial transactions.
The alliance was formalized by the head of the CNAD, Juan Carlos Reyes García, and the interim president of the BCB, Edwin Rojas Ul.
According to him release Officer, the agreement aims to “promote the exchange of technical and regulatory experiences and knowledge in the field, including the use of block chain intelligence tools, risk analysis, etc., within the framework of their normative competences.”
From the BCB they ratify their commitment to offer a regulated and sure environment that promotes innovation and promotes financial inclusion, especially between families and small entrepreneurs.
“The scope of this agreement represents an important advance for the country that will be nourished by the valuable experiences of El Salvador not only in the use of virtual assets, but in the elaboration of regulations of this issue, as a way to promote it through the development of safe and regulated ecosystems, to turn it into an attraction for investment.”
Press statement issued by the Central Bank of Bolivia.
For its part, From the entity they recognize El Salvador as a reference in the field of cryptoactives. Through the CNAD, the country has developed regulatory frameworks for digital currencies and tokens that are followed in the region, with an approach focused on promoting innovation.
The memorandum entered into force immediately and for an indefinite time.
The signing of the agreement with El Salvador, which is recognized for promoting the use of Bitcoin (BTC), coincides with the recent adoption of a new regulatory framework in Bolivia, oriented to modernize the financial system and grant legal support to activities related to cryptoactives.
As Cryptonotics reported, through the ASFI resolution 540/2025, backed by Supreme Decree 5384, Bolivia first established specific guidelines to regulate both to the technological platforms of the financial sector and to the suppliers of virtual asset services.
The regulations, developed by the Financial System Supervision Authority (ASFI), affects more than 200 companies that must adapt before the end of the year and incorporates key principles such as responsible innovation, interoperability and protection of user confidentiality.
