March 17, 2025
Facing a shortage of dollars and fuel, Bolivia’s state energy company, YPFB, has turned to cryptocurrency to pay for energy imports. The country’s declining natural gas exports have depleted foreign currency reserves, leading to fuel shortages and public unrest. To address these issues and support national fuel subsidies, YPFB has implemented a system to use digital assets for purchasing fuel imports, which has received government approval. While digital currency transactions for energy imports have not yet been made, the plan is set in motion.
