Bolivia’s Central Bank Plans Virtual Currency for International Settlements
- The Central Bank of Bolivia is developing a digital currency called the “virtual boliviano.”
- This initiative is aimed at facilitating international settlements.
- Edwin Rojas Ulo, president of the Central Bank, confirmed consultations with international organizations.
- Bolivia had previously banned certain financial practices related to currency use.
Edwin Rojas Ulo announced that the Central Bank of Bolivia is consulting with international organizations to design a digital currency, the “virtual boliviano,” intended to streamline cross-border payments.
Source (2.6)https://news.bitcoin.com/de-dollarization-watch-bolivia-to-launch-digital-currency-to-tackle-cross-border-payments/?rand=52384
