Internet reports, according to Bitcoin.com, Bolivian President Luis Arce signed an executive order banning the use of crypto assets for energy purchase settlement. The order was issued on May 23 and mainly targets state-owned oil company YPFB and aims to curb speculation in cryptocurrencies and stablecoins on cryptocurrency exchanges such as Binance. Armin Dorgathen, president of YPFB, said that the company has never used cryptocurrency for transactions before, due to reasons such as the lack of acceptance of cryptocurrency in the oil industry and the imperfect regulatory framework. There have been previous reports that YPFB is considering using cryptocurrency to settle energy payments due to foreign exchange shortages, but this executive order will eliminate this possibility in the short term.