“Bolivia is set to top the crypto adoption rankings”, says Deputy Mariela Baldivieso

Bolivian Deputy Mariela Baldivieso told Criptonoticias the country is ready to break into the top five nations for crypto adoption. She described a recent legislative reform as a turning point for driving crypto use and energizing the national economy. Since taking office in 2020, Baldivieso has been a prominent advocate for crypto-friendly policies.

During her visit to Labitconf in Buenos Aires, Mariela took the chance to highlight the changes unfolding in Bolivia’s cryptocurrency sector.

“We’re easing an economic crisis thanks to crypto assets. It’s a positive development, as Bolivians have been trading cryptocurrencies worth around 45 million dollars a month since the restrictions were lifted.

I believe Bolivia has huge potential. I think we’ll soon be at the top of the adoption rankings. Venezuela and Argentina are currently leading, and I’m confident Bolivia will break into the top five soon. Bolivians are entrepreneurs at heart. Unfortunately, the economic situation has been holding us back, which is why we’re quickly embracing cryptocurrencies now”.

Since Bolivia lifted restrictions on crypto asset trading, the news has been pouring in. Just days ago, it was announced that Bisa Bank, a key institution in the country, launched a new service for USDT custody. In response, Baldivieso took to her X account to share her thoughts:

“This is a major step toward integrating cryptocurrencies into the country, moving us closer to a more inclusive and accessible financial future for everyone”.

Speaking at Labitconf, the deputy expressed how “sad” it was to see Bolivia lagging on crypto regulations. She noted, however, that recent legal changes now allow “any payment platform to be established in the country”. Baldivieso also shared that she is working with other pro-crypto politicians, “forming alliances with Blockchain organizations in Bolivia”. These efforts include partnerships with universities offering basic Blockchain courses and several NGOs focused on bringing crypto education to indigenous communities.

Lastly, Mariela shared that she is working on a bill to legalize cryptocurrency mining in Bolivia. She has already met with several industry players, who’ve expressed that they would only consider moving to the country if the regulatory framework is strong enough.

Further news:

• Russian Government to Ban Crypto Mining in Some Regions.
• Ant CEO Eric Jing says asset tokenization is essential for economic transformation.
• Bolivian Bank Bisa Launches USDT Custody Service.
• More Than 60 New Bitcoin Addresses Holding 1,000 to 10,000 BTC Emerged in 2024.
• Uruguay Passes New Law to Regulate the Crypto Industry.
• Worldcoin Grows in Mexico While Facing Sanctions in Argentina and Global Scrutiny.
• Argentina is now the biggest player in the crypto market in Latin America.
• Switzerland, Dubai, and South Korea: The Best Places for Crypto Business in 2024, According to Social Capital Markets.

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