Bolivia Announces Digital Currency, Solana and Ether Futures Approved in Brazil

Bolivia Announces Digital Currency, Solana and Ether Futures Approved in Brazil

In this week’s edition, Bolivia completes a crypto comeback story by announcing its digital currency.

De-Dollarization Watch: Bolivia to Launch Digital Currency to Tackle Cross-Border Payments

Bolivia, which initially banned the use of its financial system for purchasing cryptocurrency, is now planning to launch its own cryptocurrency as part of a push to modernize the country’s payment ecosystem.

Edwin Rojas Ulo, president of the Central Bank of Bolivia, stated that the institution is currently in the process of designing the currency system to present to the general public during the bicentennial anniversary of Bolivia’s independence celebration, scheduled for August 6.

While he did not provide many details on the subject, Rojas Ulo mentioned that the bank is considering the experiences of other international institutions.

According to local media, he stated:

Preliminary work is being done in connection with the advice received from international organizations. We also have close ties with other central banks in the region that are conducting these types of tests on virtual currencies.