Bolivia has seen a 100% increase in virtual asset trading since lifting its ban on Bitcoin a few months ago. The country's central bank reported a doubling of average monthly trading volumes between July and September 2024. The last three months have seen over 105% more trading volume compared to the 18 months before the ban was lifted, with an average monthly trading volume of $15.6 million and a cumulative total of $48.6 million over three months. Most of the trading volume was in stablecoins, which are gaining popularity globally. Bolivia's central bank sees promoting crypto asset adoption as a way to enhance the country's economic future. This shift in stance toward crypto follows similar moves by other Latin American countries such as Brazil, Argentina, and most notably, El Salvador, which became the first country in the world to adopt Bitcoin as legal tender.



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