Bolivia crypto transactions up over 530% amid currency woes
(Reuters) -Bolivia’s central bank on Friday reiterated a dramatic uptick in transactions of digital assets, following a Reuters report that showed how more Bolivians were turning to crypto exchanges like Binance and stablecoins like Tether as a hedge against the depreciation of the local boliviano currency.
According to new figures published on Friday by the Bolivian central bank, transactions using Electronic Payment Channels and Instruments for Virtual Assets (VA) soared more than 530%, from $46.5 million in the first half of 2024, to $294 million in the same period of 2025.
New figures showed monthly transactions at a record $68 million in May.
“These tools have facilitated access to foreign currency transactions, including…
