Bolivia Embraces Crypto Growth as Chile Doubts Bitcoin’s Future

Latin America’s crypto landscape is heating up. Bolivia’s crypto market surged by 112% after lifting its blanket ban, with over 252,000 citizens now trading digital assets worth $75M in just four months.

Meanwhile, Chile’s Central Bank rejected Bitcoin as a reserve asset, citing non-compliance with IMF standards for liquidity and security. In another bold move, Bolivian attorneys proposed integrating Tether’s USDT into contracts to combat dollar shortages and revive stalled economic projects. The region continues to showcase diverse approaches to crypto adoption and regulation.

Clever Robot News Desk 9^th December 2024