Crypto Markets Boom in Bolivia After Ban Removal
After Bolivia lifted its ban on using banking channels for crypto transactions, trading volumes surged by over 100% in the following three months.
The Central Bank of Bolivia reported a jump in average monthly volumes from $7.6 million to $15.6 million, with stablecoins leading the market. The number of transactions also increased significantly, rising by 141% from 155,300 to 374,500 operations.
Financial institutions saw a 40% boost in the use of digital methods for trading crypto, as the country continues to embrace digital assets for a more accessible economic future.
Clever Robot News Desk 30th September 2024
