Crypto usage in Bolivia skyrockets by more than 500%
Central bank data shows large jump in adoption after country lifted ban on virtual asset last year
Citizens in Bolivia are increasingly taking up cryptocurrencies a year after the country lifted its ban on virtual assets.
In a press release published on June 27, the Central Bank of Bolivia said transactions involving virtual assets amounted to $294 million in the first half of 2025, compared with $46.5 million over the first six months of 2024.
The central bank said this represented year-on-year growth of 630%, though calculations by Central Banking suggest the annual increase was around 532%
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