Mars Finance News, according to Bitcoin.com, Bolivian President Luis Arce signed an executive order on May 23rd, prohibiting the state-owned oil company YPFB from using cryptocurrencies for energy procurement settlements. YPFB President Armin Dorgarten stated that the company has never used cryptocurrencies for transactions, primarily because the oil industry has not yet accepted cryptocurrencies and the regulatory framework is incomplete. Previous reports suggested that due to foreign exchange shortages, YPFB had considered using cryptocurrencies for energy payments, but this executive order will terminate such possibilities in the short term.
Bolivia bans state oil company from using cryptocurrencies for energy purchases
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share



