{"id":38531,"date":"2024-09-27T17:10:54","date_gmt":"2024-09-27T17:10:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bolivia-reports-100-rise-in-virtual-asset-trading\/"},"modified":"2024-09-27T17:10:54","modified_gmt":"2024-09-27T17:10:54","slug":"bolivia-reports-100-rise-in-virtual-asset-trading","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bolivia-reports-100-rise-in-virtual-asset-trading\/","title":{"rendered":"Bolivia reports 100% rise in virtual asset trading"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04_Closeup-of-a-pile-of-Tether-coins-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04_Closeup-of-a-pile-of-Tether-coins-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04_Closeup-of-a-pile-of-Tether-coins-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/08\/04_Closeup-of-a-pile-of-Tether-coins-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li><span style=\"font-weight: 400\">Bolivia saw a 100% increase in trading volumes of virtual assets between July and September.<\/span><\/li>\n<li><span style=\"font-weight: 400\">The increased volume comes after Banco Central de Bolivia lifted a long ban on Bitcoin.<\/span><\/li>\n<li><span style=\"font-weight: 400\">Bolivia\u2019s central bank lifted the ban in June this year.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\">Bolivia has reportedly recorded a 100% surge in virtual asset trading, a few months after the country lifted its ban of Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the <a href=\"https:\/\/www.bcb.gob.bo\/webdocs\/10_notas_prensa\/26sep24%20CP50%20ACTIVOS%20VIRTUALES.PDF\" target=\"_blank\" rel=\"noopener\">announcement<\/a> made on Sept. 26, BCB said average monthly virtual volumes across digital asset trading had doubled in the period between July and September 2024.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Virtual asset trading volume surge in last three months<\/span><\/h2>\n<p><span style=\"font-weight: 400\">According to Bolivia\u2019s central bank, the last three months saw over 105% more in trading volume compared to the 18 months before the ban was lifted.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On average, the country saw $15.6 million in virtual asset trading monthly, and cumulatively about $48.6 million over three months. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Most of the volume was in stablecoins, which are seeing increased adoption across not just South America, but worldwide as crypto adoption rises. Recently, stablecoin issuer Circle <a href=\"https:\/\/coinjournal.net\/news\/circle-enables-usdc-transfers-in-brazil-and-mexico\/\">enabled USDC transfers in Brazil and Mexico<\/a>.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Edwin Rojas Ulo, acting BCB president, commented on this via a statement. He noted that the central bank is at the forefront of promoting crypto asset adoption in Bolivia. According to hime, the steps the central bank is taking are aimed at enhancing the country\u2019s economic future.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bolivia banned Bitcoin and cryptocurrency payments in 2014, but rescinded the decision in June. This shift in stance against crypto means the country joins others in the Latin America region that are increasingly pro-crypto.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Brazil and Argentina are among those to take a more positive approach, with measures such as introducing crypto taxation laws among major steps. Argentina also elected a pro-crypto president, with Javier Milei among proponents of Bitcoin.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The leading nation in the region however is El Salvador. On September 7, 2021, El Salvador became the first country in the world to adopt BTC as legal tender. <a href=\"https:\/\/coinjournal.net\/news\/el-salvador-launches-civil-servants-bitcoin-certification-collaborates-with-argentina\/\">Collaboration with industry players and other countries<\/a> is also growing.<\/span><\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bolivia-reports-100-rise-in-virtual-asset-trading\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bolivia saw a 100% increase in trading volumes of virtual assets between July and September. The increased volume comes after Banco Central de Bolivia lifted a long ban on Bitcoin. Bolivia\u2019s central bank lifted the ban in June this year. Bolivia [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":38532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38531"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=38531"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/38531\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/38532"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=38531"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=38531"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=38531"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}