Bitcoin News Today: Could Latin America be Crypto’s Unseen Powerhouse? Bitcoin Reigns Supreme in El Salvador and Bolivia
Today’s Bitcoin Update starts with the Legislative Assembly of El Salvador approving the Investment Banking Law, which sets forth regulations for financial entities that exclusively serve high-net-worth individuals and institutional clients. The legislation was approved in the 68th plenary assembly, garnering 55 votes.
The recently enacted law in El Salvador mandates a minimum share capital of $50 million, forbids intersections with commercial banking, and restricts services to clientele possessing a minimum of $250,000 in liquid assets, which may comprise Bitcoin ▼-2.32%, gold, tokenized securities, cash, or government debt instruments.
“The objective is to position El Salvador as a regional operational center for private investment,” – Legislative statement
Brazil and Bolivia have also emerged as significant adopters of Bitcoin and other cryptocurrencies alongside El Salvador — are we witnessing a shift in Latin America toward becoming the crypto capital of the world?
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As El Salvador develops its crypto landscape through legislative measures, Bolivia’s transition is observed at the grassroots level. The country removed a ten-year prohibition on digital currencies last year, and in the first half of 2025, crypto transactions have skyrocketed fivefold to almost $300 million.
Stablecoins like USDT are now prevalent in locations ranging from coffee shops to universities, bridging the gap as inflation surges to a 34-year peak of 25%.
At this juncture, the Boliviano resembles Monopoly currency, and the game everyone seems to play is titled “How Quickly Can You Trade to BTC or Tether?” Can anyone realistically create that? We’d certainly play.
“When access to hard currency is restricted and there’s an urgent need for payments, crypto serves as an effective alternative,” – Oswaldo Barriga, Bolivian business figure
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CoinGlass data reveals that stablecoin transaction volumes in Latin America have jumped over 400% year-over-year, with Bolivia identified as one of the quickest expanding markets. While the majority of transactions involve USDT, there has also been a significant increase in Bitcoin activity.
In El Salvador, institutional crypto transactions are currently modest, but growth is anticipated as the new banking law introduces Bitcoin-centric financial services.
Analysts from 99Bitcoins highlight that the convergence of private capital flows and digital asset infrastructure may establish the nation as a regional hub for crypto-finance.
Bottom Line
In Latin America, two distinct trajectories towards crypto adoption are unfolding simultaneously. El Salvador is building a regulatory framework to attract substantial investments and regulated players. In contrast, Bolivia observes everyday people transitioning to digital assets out of necessity. Both strategies are contributing to the region’s transition into the era of digital currency.
This discussion doesn’t even cover Brazil, where approximately 20% of the population reportedly owns cryptocurrencies according to recent statistics, or Venezuela, which is adopting in response to inflation challenges.
South America is emerging as a unique region where the value proposition of crypto asset is clear. Here, it’s more about safeguarding existing earnings rather than pursuing rapid profits.
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Key Takeaways
- The BTC Announcement today starts with the Legislative Assembly of El Salvador passing the Investment Banking Law, introducing new regulations for Bitcoin.
- Stablecoins such as USDT have become commonplace from coffee shops to universities in Bolivia.
The post BTC News Today: Is Latin America Crypto’s Sleeping Giant? BTC is King in El Salvador and Bolivia appeared first on 99Bitcoins.