Bolivia is set to utilize cryptocurrency for paying energy imports, as reported on March 13, 2025. This initiative follows the country's lifting of its ban on Bitcoin and crypto transactions in 2024, leading to a significant increase in crypto adoption. The state-owned energy company YPFB is implementing a cryptocurrency system to procure energy imports, aimed at addressing a shortage of foreign currency reserves and a decline in domestic gas production. Despite not having used the system yet, YPFB plans to activate it soon, though details on the specific cryptocurrency to be used remain unclear. The fuel shortage has sparked protests and threatens public transportation functionality across the nation. The Bolivian government's approval of digital asset transactions is a response to these challenges. In 2024, Bolivia's central bank permitted crypto payments, allowing financial institutions to operate with digital assets, marking a significant policy shift towards embracing cryptocurrency.

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