Bolivia's Banco Bisa Bank launches USDT custody service

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