News with the tag "boliviano"

Get ready for a significant shift in Bolivia’s financial landscape! The South American nation is making a bold move into the digital age, announcing plans to launch its own Central Bank Digital Currency (CBDC). This initiative, dubbed the ‘virtual boliviano’ , is set to be a game-changer, aiming to ...

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.

Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and rema...