{"id":67420,"date":"2024-09-27T23:10:22","date_gmt":"2024-09-27T23:10:22","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=864097"},"modified":"2024-09-27T23:10:22","modified_gmt":"2024-09-27T23:10:22","slug":"central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024","status":"publish","type":"post","link":"https:\/\/coinalsat.com\/en\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\/","title":{"rendered":"Central Bank of Bolivia Reports Doubling of Crypto Trading Volumes in Q3 2024"},"content":{"rendered":"<p> <img loading=\"lazy\" width=\"1792\" height=\"1024\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones.webp\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones.webp 1792w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-300x171.webp 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-1200x686.webp 1200w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-768x439.webp 768w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-1536x878.webp 1536w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-150x86.webp 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-450x257.webp 450w\" sizes=\"auto, (max-width: 1792px) 100vw, 1792px\" \/><\/p>\n<ul>\n<li aria-level=\"1\"><b>Cryptocurrency transactions in Bolivia surged over 100% in the past three months, according to the Central Bank.<\/b><\/li>\n<li aria-level=\"1\"><b>The Central Bank of Bolivia attributes this growth to stablecoins, crypto assets linked to traditional currencies.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The <\/span><b>Central Bank of Bolivia (BCB)<\/b><span style=\"font-weight: 400;\"> recently reported a substantial increase in cryptocurrency transactions across the country. According to a report released on September 26, 2024, the volume of virtual asset transactions surged by more than 100% through electronic payment channels.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-864098\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg.webp\" alt=\"operaciones-criptomonedas-bolivia.jpg\" width=\"1016\" height=\"483\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg.webp 1016w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg-300x143.webp 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg-150x71.webp 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg-450x214.webp 450w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/operaciones-criptomonedas-bolivia.jpg-768x365.webp 768w\" sizes=\"auto, (max-width: 1016px) 100vw, 1016px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This growth was particularly evident in the period from July to September, when monthly transaction volumes rose from $7.6 million in the first half of the year to $15.6 million.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The BCB attributed the rapid expansion in transaction volume to the stability provided by these <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/stablecoins-revolutionize-cross-border-payments-in-2024-surging-to-new-heights\/\"><span style=\"font-weight: 400;\">stablecoins<\/span><\/a><span style=\"font-weight: 400;\">. Backed by the U.S. dollar and precious metals, stablecoins have become a central component of Bolivia\u2019s evolving digital economy.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-864107\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg.webp\" alt=\"numero-operaciones-criptomonedas-bolivia.jpg\" width=\"978\" height=\"552\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg.webp 978w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg-300x169.webp 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg-150x85.webp 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg-450x254.webp 450w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/09\/numero-operaciones-criptomonedas-bolivia.jpg-768x433.webp 768w\" sizes=\"auto, (max-width: 978px) 100vw, 978px\" \/><\/p>\n<p><span style=\"font-weight: 400;\">This growth translated into a total transaction value of $46.8 million during the last three months, surpassing the first half of the year by a wide margin. The BCB linked this expansion to Board <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.bcb.gob.bo\/webdocs\/files_noticias\/26sep24%20CP50%20ACTIVOS%20VIRTUALES.PDF\"><span style=\"font-weight: 400;\">Resolution 082\/2024<\/span><\/a><span style=\"font-weight: 400;\">, enacted on June 25, 2024, which authorized the use of electronic payment channels for virtual asset transactions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Edwin Rojas Ulo, president of the BCB, commented on the development, stating:<\/span><\/p>\n<blockquote>\n<p><b><i>\u201cThe Central Bank of Bolivia is paving the way for the use of crypto assets in the country. We are making significant strides towards an economy that embraces accessible digital tools.\u201d\u00a0<\/i><\/b><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">He also noted that the number of transactions reached 1,123,000, marking a 141% increase compared to the previous six months.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This <\/span><a rel=\"noopener\" target=\"_blank\" href=\"https:\/\/www.crypto-news-flash.com\/cryptocurrencies-in-bolivia-new-regulation-allows-for-crypto-transactions\/\"><span style=\"font-weight: 400;\">rise in cryptocurrency trading<\/span><\/a><span style=\"font-weight: 400;\"> aligns with data from the Financial System Supervisory Authority (ASFI). Six financial institutions have reported digital asset transactions, with a 40% increase between July and August. Most of these transactions were carried out by individuals, further indicating growing adoption.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p> <img width=\"1792\" height=\"1024\" src=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones.webp\" class=\"webfeedsFeaturedVisual wp-post-image\" alt=\"criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones\" style=\"display: block; margin-bottom: 5px; clear:both;max-width: 100%;\" link_thumbnail=\"\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones.webp 1792w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-300x171.webp 300w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-1200x686.webp 1200w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-768x439.webp 768w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-1536x878.webp 1536w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-150x86.webp 150w, https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones-450x257.webp 450w\" sizes=\"(max-width: 1792px) 100vw, 1792px\" \/>Cryptocurrency transactions in Bolivia surged over 100% in the past three months, according to the Central Bank. The Central Bank of Bolivia attributes this growth to stablecoins, crypto assets linked to traditional currencies. The Central Bank of Bolivia (BCB) recently reported a substantial increase in cryptocurrency transactions across the country. According to a report released [&#8230;]  <\/p>\n","protected":false},"author":5,"featured_media":67421,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[48],"tags":[],"class_list":["post-67420","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Central Bank of Bolivia Reports Doubling of Crypto Trading Volumes in Q3 2024 - CoinAlSat.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinalsat.com\/en\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Central Bank of Bolivia Reports Doubling of Crypto Trading Volumes in Q3 2024 - CoinAlSat.com\" \/>\n<meta property=\"og:description\" content=\"Cryptocurrency transactions in Bolivia surged over 100% in the past three months, according to the Central Bank. 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According to a report released [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinalsat.com\/en\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\/\" \/>\n<meta property=\"og:site_name\" content=\"CoinAlSat.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/coinalsat1\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-27T23:10:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.crypto-news-flash.com\/wp-content\/uploads\/2024\/06\/criptomonedas-en-bolivia-nueva-regulacion-permite-cripto-transacciones.webp\" \/>\n<meta name=\"author\" content=\"Author\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Author\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/\"},\"author\":{\"name\":\"Author\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#\\\/schema\\\/person\\\/6fa35040f9ef4ae108188eaeb3ef441b\"},\"headline\":\"Central Bank of Bolivia Reports Doubling of Crypto Trading Volumes in Q3 2024\",\"datePublished\":\"2024-09-27T23:10:22+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/\"},\"wordCount\":300,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/coinalsat.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024.webp\",\"articleSection\":[\"Blockchain\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/\",\"url\":\"https:\\\/\\\/coinalsat.com\\\/en\\\/central-bank-of-bolivia-reports-doubling-of-crypto-trading-volumes-in-q3-2024\\\/\",\"name\":\"Central Bank of Bolivia Reports Doubling of Crypto Trading Volumes in Q3 2024 - 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The Central Bank of Bolivia attributes this growth to stablecoins, crypto assets linked to traditional currencies. The Central Bank of Bolivia (BCB) recently reported a substantial increase in cryptocurrency transactions across the country. 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