Assets
Crypto Deposit
Fiat Deposit
Convert
Transfer
Withdraw
My vouchers
Fund history
Dashboard
Account Security
Identity verification
API Management
Transaction Report
Log out
Register
BTCC / BTCC Square / Global Cryptocurrency /
Bolivia Backs Away from Crypto-for-Fuel Scheme

Bolivia Backs Away from Crypto-for-Fuel Scheme

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-15 12:15:51
0
Bolivia has retreated from its recent push to adopt digital assets as a workaround for dollar shortages. The initial plan, announced in March by the state-owned energy giant YPFB, aimed to use crypto to secure fuel imports due to acute shortages of both US dollars and refined fuel. However, the Director of Trade and Imports, Marcos Duran, clarified in a statement released Tuesday that YPFB will not be permitted to use crypto for international transactions and must instead use Bolivia’s own resources and dollar-based financial transfers.
Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.

Related Articles

|Square

Get the BTCC app to start your crypto journey

Download on the App Store GET IT ON Google Play

Get started today Scan to join our 100M+ users

Exchange for a better future

Products
Services
Guides
About Us
Terms & Agreement
Customer Service

Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

The world’s longest-running cryptocurrency exchange since 2011 © 2011 - 2026 BTCC.com. All rights reserved