On July 30, Bolivia’s central bank entered into a formal agreement with El Salvador seeking help to develop the legal and technical framework for crypto adoption in the country. By being the first country to make Bitcoin
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a legal tender, El Salvador has set a precedent.
While signing the memorandum of understanding (MoU) with El Salvador for crypto adoption, the Bolivian central bank refers to crypto as a “viable and reliable alternative.”
As a part of the agreement, the two countries will share crypto intelligence tools, collaborate on policy development, with the goal of modernizing Bolivia’s financial system.
The agreement, signed by
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