Bolivia's state energy firm, YPFB, will begin using cryptocurrency to pay for energy imports, according to Reuters on Wednesday. This decision comes amid a shortage of dollars and fuel in the country, triggered by dwindling natural gas exports. A YPFB spokesperson confirmed that a system is now in place to use digital assets for fuel purchases, following government approval. This move aims to support national fuel subsidies in Bolivia, which has become reliant on imports due to declining domestic gas production.
Bolivia's State Energy Firm to Use Cryptocurrency for Fuel Imports Amid Dollar Shortage
Edited by: Yuliya Shumai
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