<ul><li>Bolivia has banned the use of cryptocurrencies for energy payments to maintain economic stability and reduce volatility.</li><li>This ban, enacted through presidential order 5399, aims to prevent speculation in digital asset markets and maintain the stability of the national currency.</li><li>The decision to forbid crypto fuel payments follows a previous plan to use digital currencies to address dollar shortages and fuel crisis, which has now been canceled.</li><li>Bolivia's ban impacts the national oil corporation, YPFB, which had planned to use cryptocurrencies for energy purchases but will now revert to traditional financial systems.</li></ul>

Bolivia Bans Crypto for Energy Payments Over Market Fears

Discover more