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Bolivia Sees 100% Surge in Crypto Trading to $15.6M Monthly After Bitcoin Ban Lifted
Sep 27, 2024, 11:45 PM
Bolivia has experienced a significant surge in virtual asset trading following the lifting of a 42-month Bitcoin ban. Since June, the country's central bank has reported a 100% increase in crypto transactions, driven largely by stablecoins. The trading volume has reached $15.6 million per month between July and September, more than doubling the figures seen before June. This surge in activity marks a notable shift in Bolivia's financial landscape, with the central bank playing a pivotal role in this transformation. Additionally, six new banks have been established to support the growing crypto market.
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