Bolivia Clamps Down: State Oil Firm Barred From Crypto Energy Payments

In a move that’ll have crypto advocates groaning, Bolivia just slammed the brakes on its state oil company using digital assets for energy settlements. No more Bitcoin barrels or Ethereum exports—just good ol’ fiat for now.

Regulators play energy police

The government’s throwing down the gauntlet, effectively cutting off a potential crypto-corridor for the country’s fossil fuel trade. Because nothing says ’innovation’ like forcing a 20th-century payment system onto 21st-century commodities.

Short-term pain, long-term... same pain?

While the ban might please dollar-hugging bureaucrats, it leaves Bolivia’s energy sector stuck in the SWIFT lane—watching neighbors potentially lap them with blockchain settlements. But hey, at least they won’t have to worry about those pesky 24/7 markets keeping treasury staff awake.