Bolivia Prohibits State-Owned YPFB from Engaging in Virtual Asset Transactions

According to PANews, the Bolivian government has issued Supreme Decree No. 5399, prohibiting the state-owned company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) from engaging in virtual asset transactions. This move aims to dispel rumors about the company's involvement in crypto assets and stabilize exchange rate expectations. On the same day, President Luis Arce announced a total of 11 economic measures and seven new decrees to curb price speculation and address fuel supply disruptions. Following these announcements, the parallel market rate for the digital dollar fell to 15.89 Bolivianos, a significant drop from the previous high of 20 Bolivianos.