El Salvador Steps In to Help Bolivia Draft Crypto Rules
The Central Bank of Bolivia (BCB) has signed an agreement with El Salvadors National Commission for Digital Assets (CNAD), through which it will convey its experience and knowledge, aiding Bolivias efforts to create a regulatory framework for digital assets.
The memorandum of understanding will facilitate cooperation between the two institutions, promoting the exchange of technical and regulatory expertise, including blockchain intelligence tools, risk analysis, and other relevant areas.
It has taken effect immediately and will remain in practice indefinitely, solidifying the inertia of digital assets as a suitable and trustworthy alternative to fiat, especially for families and new entrepreneurs.
Information:
https://cryptopotato.com/el-salvador-steps-in-to-help-bolivia-draft-crypto-rules/El Salvador will directly help Bolivia with Bitcoin, because El Salvador is a Bitcoin-friendly country. Of course, if another country expresses interest in holding Bitcoin, it will definitely help them, because by holding Bitcoin, El Salvador has become a country of all countries, El Salvador is improving in various ways. As a result, other countries have expressed great interest, of which Bolivia is one, if El Salvador creates their design and can carry out activities according to the design, Bolivia will be successful.
Yeah, Bolivia's central bank has for real signed an MOU with El Salvador's CNAD to share regulatory & technical expertise- blockchain intelligence, risk assessments and supervision of VASPs. The experience of El Salvador, which has experimented with Bitcoin, can teach something, although the IMF criticized that move & further legal adjustments were necessary. So just learn the technology & avoid the political drama

. In my opinion, Bolivia should treat this as an opportunity & concentrate on clean rules, audits and education on selfcustody. if they pursue symbolism rather than good policy, then they will shoot themselves in the foot. They should focus on making it practical rather than performative.