Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
The Country That Lifted the Bitcoin (BTC) Ban in June Is Moving Fast! "Will Use Cryptocurrencies in Payments!"

The Country That Lifted the Bitcoin (BTC) Ban in June Is Moving Fast! "Will Use Cryptocurrencies in Payments!"

Bitcoinsistemi2025/03/13 06:00
By: Elif Azra Güven
BTC+0.56%
The state energy company of the South American country Bolivia, YBFB, will make payments for energy imports with cryptocurrencies.

According to Reuters, the state energy company of South American country Bolivia, YBFB, will make payments for energy imports with cryptocurrencies.

The Central Bank of Bolivia announced last June that it had lifted the ban on Bitcoin and other cryptocurrencies.

Related News A New Era Begins for Bitcoin: This Country Announced It Has Lifted the BTC Ban!

A spokesman for state-owned energy company YPFB said a system has been set up to pay for fuel imports with cryptocurrency after the government approved the use of digital assets to meet demand.

He said YPFB has not yet used the digital currency to purchase energy imports but plans to do so.

Bolivia, a net energy exporter for decades due to its large natural gas reserves, has become dependent on imports as local natural gas production has declined due to the lack of new gas available in large quantities.

This is not the first time that a state-owned energy company in South America has entered the cryptocurrency sector, as Agentina state company YPF also announced in 2023 that it was entering cryptocurrency mining.

Likewise, last April, Venezuela's PDVSA announced that it was using cryptocurrencies against US oil sanctions.

*This is not investment advice.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — YB/USDT!
Bitget Announcement2025/10/16 08:00
YBUSDT now launched for futures trading and trading bots
Bitget Announcement2025/10/15 11:07

Trending news

More
1
New spot margin trading pair — YB/USDT!
2
Exclusive Mystery Boxes for BGB holders group–Win random token incentives!

Crypto prices

More
Bitcoin
Bitcoin
BTC
$111,449.88
-1.02%
Ethereum
Ethereum
ETH
$4,056.74
-2.22%
Tether USDt
Tether USDt
USDT
$1
-0.04%
BNB
BNB
BNB
$1,184.72
-0.44%
XRP
XRP
XRP
$2.44
-2.45%
Solana
Solana
SOL
$195.66
-4.88%
USDC
USDC
USDC
$0.9998
-0.03%
TRON
TRON
TRX
$0.3229
+0.67%
Dogecoin
Dogecoin
DOGE
$0.1996
-2.20%
Cardano
Cardano
ADA
$0.6785
-2.89%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter