The report stems from a Friday briefing from Bolivia’s Minister of Economy, José Gabriel Espinoza Yáñez, who highlighted the care that must be taken as part of the assessment.
“Remember that Bolivia is on the [Financial Action Task Force] gray list, yet another consequence of the problems they left us with in the past, and these crypto assets must be carefully evaluated,” he said in the press conference, per the publication.
“We are working on regulations to govern their use for those who have adopted them, in many cases out of necessity, and know how to use them properly,” he added.
"The Bolivian economy today is considerably different from what we found eight months ago,” said Espinoza Yáñez in a statement. “The measures we implemented are part of a plan designed before we took office, and the results are beginning to validate that approach.”
During the period from July 2024 to June 2025, the nation ranked eighth among its Latin American peers with $14.8 billion in transactions, outpacing others like Ecuador and Puerto Rico in the process.
The leading stablecoin by market cap, USDT ranks third among all crypto assets with a market capitalization of more than $184 billion.
