TechFlow news: Bolivia's Central Bank recently announced that the country's monthly virtual asset trading volume has surged from $7.6 million to $15.6 million, driven primarily by stablecoin transactions and growing public interest.
This significant growth is attributed to Board Resolution 082/2024, which took effect in June and permits the use of electronic payment channels for virtual asset transactions. From July to September, virtual asset transaction volumes exceeded 1.1 million, a substantial increase compared to approximately 932,000 transactions in the previous six months, with the majority being individual transactions. The Financial System Supervisory Authority (ASFI) reported that six financial institutions have begun operating virtual asset services.
