YPFB President Denies Cryptocurrency Use Amidst Bolivia Fuel Crisis

Bolivia Fuel Crisis Deepens Amidst Cryptocurrency Purchase Dispute LA PAZ, BOLIVIA – A recent news report from Red Uno has ignited a controversy within the Bolivian government, concerning the procurement of fuel and the alleged use of cryptocurrencies by the state-owned oil company, YPFB. The Minister of Hydrocarbons, Edmundo Novillo, had previously claimed that YPFB had used cryptocurrencies to purchase fuel, a statement that has been vehemently denied by Armin Dorgathen, the president of YPFB. "We have not made any transactions with cryptocurrencies," Dorgathen stated in the Red Uno interview. He further described the Minister's statement as "misinformation." This denial comes amidst growing concerns about fuel shortages across the country, with long lines reported at gas stations. The conflict highlights the lack of transparency and communication within the Bolivian government regarding the country's crucial fuel supply. The controversy surrounding the alleged cryptocurrency purchases adds another layer of complexity to the ongoing fuel crisis, raising questions about the government's financial management and its handling of public resources.