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Central Bank of Bolivia Registers Record Use of Virtual Assets Amidst Dollar Scarcity
Central Bank of Bolivia Registers Record Use of Virtual Assets Amidst Dollar Scarcity
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BTCCSquare news:
The Central Bank of Bolivia reported a seismic shift in financial behavior during the first half of 2025, with VIRTUAL asset usage surging over 600% year-over-year. Transaction volumes grew twelvefold since July 2024, underscoring a rapid pivot toward digital alternatives as dollar liquidity tightens.
This unprecedented adoption curve suggests Bolivian citizens and businesses are increasingly treating crypto assets as hedge instruments against fiat instability. While the report didn't specify particular cryptocurrencies, the trend mirrors regional patterns where Bitcoin and stablecoins typically dominate dollarized economies.
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