Bolivia Backs Away from Crypto-for-Fuel Scheme

Bolivia’s Ministry of Trade and Imports has rejected a state-backed plan to use cryptocurrency for fuel imports. This move, which marks a stunning policy reversal, signals a retreat from the government’s recent push to adopt digital assets as a workaround for dollar shortages. Bolivia Rejects Crypto-for-Fuel Scheme Amid Energy Sector Turmoil The initial plan, announced in March by Bolivia’s state-owned energy giant YPFB, aimed to use crypto to secure fuel imports. This was in response to acute shortages of both US dollars and refined fuel source: https://beincrypto.com/bolivia-rejects-crypto-for-fuel-scheme-energy-sector-turmoil/