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Bolivia’s Central Bank and El Salvador’s Digital Assets Commission signed a deal this week to work together on crypto rules and tools. It went into effect right away and has no end date, at least based on initial reports.
According to the Memorandum of Understanding (MOU), Bolivia will tap into El Salvador’s experience as the first country to make Bitcoin legal tender. The pact aims to bring new tech and wider financial access to people who have long been left out of traditional banking.
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Bolivia Turns To Crypto
Bolivia lifted its ban on digital coins in June 2024 and saw trading volume hit $47 million in just three months. That breaks
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