The surge follows regulatory changes in 2024 that allowed banks to route crypto payments, making Bolivia one of Latin America’s fastest adopters of regulated digital finance.

Most of the volume came from individual users, and Binance-linked rails handled the majority of transfers. The central bank’s data excludes peer-to-peer activity, suggesting the real figure could be even higher.

Amid a worsening dollar shortage, the government has extended crypto use to public institutions. The national energy company now pays for fuel imports with digital assets, highlighting how crypto is being used to navigate macroeconomic strain.

In parallel, authorities are introducing guardrails to manage the risks of rapid adoption. A new decree defines how crypto platforms will be licensed, enforces anti-money laundering rules, and establishes wallet monitoring obligations. Educational workshops are also being rolled out nationwide, teaching citizens how to manage private keys, recognize scams, and understand volatility.

As the legal structure matures, Bolivia may be positioning itself as a regional crypto leader — not just out of necessity, but as a long-term strategy to modernize its financial system and reduce dependence on the U.S. dollar.

The post Bolivia Turns to Crypto as Dollar Shortage Deepens appeared first on Coindoo.

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Filed under: Bitcoin - @ June 28, 2025 8:21 pm