The Central Bank of Bolivia (BCB) and El Salvador’s National Commission for Digital Assets (CNAD) have signed a memorandum of understanding to enhance bilateral cooperation in the regulation and supervision of digital assets. This agreement marks a significant step in regional collaboration amid growing interest in blockchain-based financial systems.

Signed by CNAD President Juan Carlos Reyes and BCB Interim President Edwin Rojas Ulo, the memorandum promotes the exchange of knowledge in areas such as blockchain intelligence, risk analysis, and regulatory frameworks. Both institutions aim to build robust, transparent systems that support the responsible use of digital assets.

The partnership comes at a time of rapid expansion in Bolivia’s digital asset market. According to the BCB, virtual asset transaction volumes surged from $46.5 million in June 2024 to $294 million in June 2025, following new legislation that allowed regulated use of such instruments under Resolution No. 082/2024.

Reyes emphasized that Bolivia now joins a growing international network of collaboration with El Salvador, which already includes Argentina, Paraguay, Colombia, Kazakhstan, Cuba, and Nigeria. «This alliance reflects our global strategy to support other countries in understanding the benefits of responsible digital asset regulation,» he stated.

El Salvador has emerged as a global leader in digital asset policy since it adopted Bitcoin as legal tender in 2021. The CNAD—established under FATF guidelines—is the world’s first regulatory body focused exclusively on digital assets and currently supervises tokenized products valued between $150 billion and $250 billion.

Through this agreement, Bolivia gains access to El Salvador’s regulatory expertise, while El Salvador further consolidates its leadership in blockchain-driven financial innovation and digital economy development.