Bolivia’s state energy company YBFB has announced plans to use cryptocurrency for paying energy imports to mitigate the country’s ongoing shortage of U.S. dollars and foreign currency reserves. This move comes amid a fuel crisis due to reduced natural gas exports, resulting in protests across the country.

“From now on, these transactions will be carried out,” a spokesperson for YPFB stated.

YBFB aims to find a direct solution to the fiscal struggles by embracing digital currencies, paralleling similar decisions made by state-owned energy firms in Argentina and Venezuela.

For more information, read the full report on Reuters [here](https://www.reuters.com/markets/bolivia-turns-crypto-energy-imports-amid-dollar-fuel-shortages-2025-03-12/#:~:text=LA%20PAZ%2C%20March%2012%20(Reuters,official%20told%20Reuters%20on%20Wednesday).