Crypto usage in Bolivia skyrockets by more than 500%

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%