Bolivian lawyer predicts that by 2026, the country's banking sector will accept USDT as real US dollars

2025-12-04 13:21:54

According to TechFlow, on December 4, as reported by CriptoNoticias, Bolivian cryptocurrency regulatory expert and lawyer Ismael Franco González stated that it is expected that by 2026, the Bolivian banking sector will accept USDT as real US dollars, but the country will not formally adopt Bitcoin like El Salvador.

Franco pointed out that Bolivia’s new government has shown crypto-friendly policy signals, including a statement by Minister of Economy José Gabriel Espinoza about allowing banks to use cryptocurrencies, as well as the Financial System Supervisory Authority’s decision to extend the registration period for virtual asset service providers until 2026.

It is reported that due to a shortage of US dollars and an official exchange rate imbalance, Bolivian citizens and businesses have turned en masse to using USDT through services such as Binance P2P. According to central bank data, from July 2024 to May 2025, Bitcoin and cryptocurrency trading volumes surged by 630%. Franco believes that the central bank could include cryptocurrencies as a means of payment through a board resolution without waiting for comprehensive legislation.

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