The inflationary phenomenon currently affecting the Bolivian economy is prompting the country to consider including cryptocurrencies and stablecoins in its economic system.
This measure also seeks to facilitate the adoption of new technologies that allow for offering financial products based on…
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CAF approves a $550 million loan for Bolivia
The President of the Development Bank of Latin America and the Caribbean, Sergio Díaz-Granados, announced on Monday an immediate $550 million loan to provide liquidity to Bolivia.
The news was communicated directly to the new president of…
Rodrigo Paz was sworn in as president of Bolivia
On Saturday, November 8, centrist politician Rodrigo Paz was sworn in as the new president of Bolivia. He promises a plan called “capitalism for all.”
Regarding the presidential election, the second round that gave the new president the…
Mercosur and Canada to resume free trade agreement negotiations
Canada and Mercosur member States will resume negotiations on a free trade agreement in October, a Brazilian representative said last week.
The announcement comes as a light at the end of the tunnel for the parties amid the tariff…
Rodrigo Paz wins first round of presidential elections in Bolivia
This Sunday, Bolivians went to the polls to elect a new president. Senator and candidate Rodrigo Paz won the first round and will face Jorge Quiroga on October 19 in the second round of the presidential elections.
The results of the…
Bolivia implements regulations on financial technology platforms and virtual assets
The director of the Financial System Supervisory Authority (ASFI) of Bolivia, Ivette Espinoza, announced last week the entry into force of regulations for financial technology platforms and those linked to digital assets.
The regulations,…
Bolivia could default without new international financing
Bolivia's internal situation has led the country to the depletion of its international reserves. In this context, President Luis Arce has indicated that without new financing, it could default.
The main creditors of the South American…
Ecuador to require yellow fever vaccination for travelers from neighboring countries
Ecuadorian health authorities implemented, as of Monday, May 12, the requirement for a yellow fever vaccination certificate for travelers from Bolivia, Brazil, Colombia, and Peru.
Travelers who "have stayed at least ten days in those…
Bolivia to allow the use of cryptocurrencies for fuel purchases
The Bolivian government issued a decree authorizing the state-owned energy company YPFB to use cryptocurrencies to pay for energy imports, particularly gasoline and diesel.
The South American country is currently experiencing an internal…
Brazil announced new members of the BRICS
The BRICS group, through the Ministry of Foreign Affairs of Brazil, announced its new members, which are: Cuba, Bolivia, Belarus, Bolivia, Kazakhstan, Cuba, Malaysia, Nigeria, Thailand, Uganda and Uzbekistan.
With the announcement made…
Lawyers in Bolivia propose using Tether for financial operations
The firms Iver von Borries and Javier Romero Mendizábal, in Bolivia, presented to the Senate the proposal to legally recognize the Tether index for financial operations due to the difficulty of maintaining the local currency, the boliviano,…
Bolivia authorized electronic payments with digital wallets
Two new solutions that will facilitate payments for Bolivian citizens were authorized by the country's Central Bank: the use of digital wallets for electronic payments and the issuance of virtual electronic cards.
According to an official…