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Bolivia weighs rules to recognize Tether USDT for payments and savings
The proposal would let USDT circulate alongside the boliviano and the US dollar, with anti-money laundering safeguards included as Bolivia remains on the FATF gray list.
Cointelegraph reports Bolivia is considering a regulatory framework that would recognize Tether’s USDt (USDT) as a payment currency, aiming to integrate digital assets into the country’s financial system. The plan would allow USDT to circulate alongside the boliviano and the US dollar for payments and savings, according to Economy and Public Finance Minister Jose Gabriel Espinoza.
The outlet says the proposal is under review and would include anti-money laundering safeguards because Bolivia is still on the Financial Action Task Force’s gray list. The initiative follows Bolivia’s lifting of its crypto ban in 2024 and a new administration’s pledge to expand access to digital asset services.
Cointelegraph links the effort to a prolonged shortage of US dollars in Bolivia after pressure on foreign exchange reserves forced the government to abandon its currency peg earlier this year. It says the widening gap between official and parallel exchange rates has increased demand for dollar-denominated alternatives such as USDT.
The story also notes that investor scrutiny is increasing around insider stock sales at Bitcoin miners pursuing AI infrastructure strategies, as enthusiasm cools and governance concerns rise. According to Blocksbridge Consulting, executives at TeraWulf, Cipher Digital, Riot Platforms and Core Scientific have disclosed stock sales.
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