Bolivia reports 100% rise in virtual asset trading since lifting Bitcoin ban
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
Bolivia’s central bank has reported a 100% increase in average monthly virtual asset trading in the county since lifting its ban on Bitcoin in late June.
Roughly $15.6 million in virtual assets were traded on an average monthly basis between July and September — 105% higher than the average of the previous 18 months, from January 2023 to June 2024.
The $48.6 million traded over the last three months was more than the previous six months combined and largely comprised of stablecoin transactions, Banco Central de Bolivia (BCB) revealed in a Sept. 26 report.
The rise came immediately after Bolivia’s central bank lifted a 42-month ban on cryptocurrency payments, allowing financial entities to conduct transactions with digital assets.
Bolivia’s central bank has reported a 100% increase in average monthly virtual asset trading in the county since lifting its ban on Bitcoin in late June.Roughly $15.6 million in virtual assets were traded on an average monthly basis between July and September — 105% higher than the average of the previous 18 months, from January 2023 to June 2024.The $48.6 million traded over the last three months was more than the previous six months combined and largely comprised of stablecoin transactions, Banco Central de Bolivia (BCB) revealed in a Sept. 26 report.Read more