Bolivian Banco Bisa launches USDT custody service

Banco Bisa, a bank in Bolivia, has launched a stablecoin custody service that allows customers to buy, sell, and transfer USDT. Bisa Bank said that this service will enable users to hold their own assets, send them to relatives, and make cross-border payments. Yvette Espinoza of the Autoridad de Supervisión del Sistema Financiero (ASFI), Bolivia's financial regulatory authority, supports the bank's move and says that it allows customers to engage in cryptocurrency transactions within the country's regulatory framework. The regulatory authority says that this reduces the risk of unsafe interactions in the cryptocurrency market.