Bolivia Sees Surge In Cryptocurrency Trading After Lifting Ban

According to PANews, Bolivia has experienced a significant increase in cryptocurrency trading following the lifting of its ban on digital currencies. The trading volume has surged by 112%, with the number of cryptocurrency holders exceeding 252,000. From July to October this year, the trading volume reached $75 million, a notable rise compared to $46.4 million in the first half of the year. Stablecoin USDT has gained popularity as an alternative to the US dollar, with Bisa Bank leading the way in offering related services. This development highlights the growing acceptance and integration of cryptocurrencies within Bolivia's financial landscape. The increased trading activity and adoption of stablecoins suggest a shift in the country's approach to digital currencies, reflecting broader global trends in the financial sector.