JUST

2024

Bitcoin

Read

<h4><strong>Bolivia-based Banco Bisa has begun <a href="https://eldeber.com.bo/dinero/banco-bisa-incorpora-el-uso-de-criptomoneda-usdt-para-simplificar-transacciones-con-el-exterior_389191" target="_blank" rel="noopener">offering</a> Tether stablecoin USDT custody. Customers can now buy, sell, and trade USDT through the bank, making Bolivia one of the first countries to embrace crypto.&nbsp;</strong></h4> 
<p>This news about USDT custody will assist Bolivians in engaging in digital assets. Read on to understand this better.</p> 
<h5><strong>Banco Bisa’s New USDT Custody Service</strong></h5> 
<p>Banco Bisa is happy to announce the new generation of its USDT custody service. The new service lets users save, trade, and even cross-border transfer USDT. This option through a regulated bank incorporates extra security measures into the transaction.</p> 
<p>Customers will use the identification number approved by the VP of Business of <a href="https://eldeber.com.bo/dinero/banco-bisa-incorpora-el-uso-de-criptomoneda-usdt-para-simplificar-transacciones-con-el-exterior_389191" target="_blank" rel="noopener">Banco Bisa</a>, Franco Urquidi, to prove that they conduct legal business. This extra layer of security is for those with concerns about certain threats.</p> 
<blockquote class="twitter-tweet"> 
 <p dir="ltr" lang="en"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e7-1f1f4.png" alt="🇧🇴" class="wp-smiley" style="height: 1em; max-height: 1em;"> JUST IN: Bolivia’s third-largest bank, Banco Bisa, launches <a href="https://twitter.com/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$USDT</a> custody, allowing clients to buy, sell, and transfer the stablecoin. <a href="https://t.co/YcAoLoRFvr">pic.twitter.com/YcAoLoRFvr</a></p> 
 <p>— Cointelegraph (@Cointelegraph) <a href="https://twitter.com/Cointelegraph/status/1850847478423134479?ref_src=twsrc%5Etfw">October 28, 2024</a></p>
</blockquote> 
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p> 
<h5><strong>Regulatory Backing in Bolivia</strong></h5> 
<p>The <a href="https://www.asfi.gob.bo/" target="_blank" rel="noopener">Bolivian financial regulator ASFI</a> has endorsed this change of tactics towards crypto. An ASFI representative and a spokesperson for Yvette Espinoza added that Banco Bisa’s service complies with Bolivian laws. The goal? To offer a favorable environment for crypto users without putting them through a volatile market.</p> 
<h5><strong>From Crypto Ban to Adoption</strong></h5> 
<p>Bolivia has been an opponent of crypto since 2014. It banned Bitcoin and other digital currencies to safeguard its people and currency. However, in 2024, Bolivia changed its heart. It removed the ban and permitted only centralized, regulated financial institutions to deal with cryptocurrencies. This decision eased the entry of institutions such as Banco Bisa, which facilitated interest in USDT custody in Bolivia.</p> 
<p><img decoding="async" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/Alpha_website_leaderboard-banner.jpg"></p> 
<p><iframe title="100x Memecoins | How and Where to Find Them? SUI, SOL or ETH?" width="696" height="392" src="https://www.youtube.com/embed/FUa2t6PBTcA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe></p> 
<h6><strong>Disclaimer</strong></h6> 
<p>The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.</p> 
<p>We are not responsible for any losses you may incur due to any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.</p> 
<p>Copyright Altcoin Buzz Pte Ltd.</p> 
<p>The post <a href="https://www.altcoinbuzz.io/cryptocurrency-news/bolivias-banco-bisa-launches-usdt-custody-for-clients/">Bolivia’s Banco Bisa Launches USDT Custody for Clients</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.</p>

Bolivia’s Banco Bisa Launches USDT Custody for Clients

Altcoin Buzz

Other articles published on Oct 29, 2024

This Analyst Makes a Viral Solana (SOL) Price Prediction

Luckycoin, the Blockchain that Dogecoin forked, Revives after 11 years of Dormancy

Early Investors Are Already Piling Into Qubetics—Here’s Why It’s a Top Pick Along with Polygon an...

MakerDAO May Return as Core Brand After Sky Rebrand Faces Backlash

SEC Challenges Court's XRP Ruling in Formal Appeal

Researchers claim computational model can mimic human cognition

Join our free newsletter for daily crypto updates!