Bolivia Seeks $9 Billion Bailout; Plans to Legalize Stablecoin Banking
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- Bolivia is negotiating a $9 billion financing package with the World Bank and CAF.
- The new administration plans to cut spending by 30% and integrate stablecoins into banks.
- Crypto adoption has surged 530% as citizens seek alternatives to the weakening local currency.
Bolivia is moving into a new economic phase as the government is seeking over $9 billion in multilateral financing to stabilize its currency and restart growth. This capital injection coincides with a radical policy shift: integrating stablecoins directly into the regulated banking sector.
According to Reuters data, the plan marks the first major policy shift under President Rodrigo Paz, who took office earlier this month. The administration aims to reverse years of inflation and shrinking reserves caused by state-driven intervention.
The $9 Billion Rescue Plan: World Bank and CAF Lead Support
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Read The Full Article Bolivia Seeks $9 Billion Bailout; Plans to Legalize Stablecoin Banking On Coin Edition.
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Bolivia Seeks $9 Billion Bailout; Plans to Legalize Stablecoin Banking
Share:
- Bolivia is negotiating a $9 billion financing package with the World Bank and CAF.
- The new administration plans to cut spending by 30% and integrate stablecoins into banks.
- Crypto adoption has surged 530% as citizens seek alternatives to the weakening local currency.
Bolivia is moving into a new economic phase as the government is seeking over $9 billion in multilateral financing to stabilize its currency and restart growth. This capital injection coincides with a radical policy shift: integrating stablecoins directly into the regulated banking sector.
According to Reuters data, the plan marks the first major policy shift under President Rodrigo Paz, who took office earlier this month. The administration aims to reverse years of inflation and shrinking reserves caused by state-driven intervention.
The $9 Billion Rescue Plan: World Bank and CAF Lead Support
E…
Read The Full Article Bolivia Seeks $9 Billion Bailout; Plans to Legalize Stablecoin Banking On Coin Edition.
Read More
Crypto Investors In Spain Face 47% Tax Bill Under New Plans