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Crypto is becoming relevant for the operation of the supply chain in several countries around the world. According to a spokesperson of YPFB, the largest state-owned energy company in Bolivia, the company is prepared to rely on cryptocurrency payments to bring fuel and other energy imports to the country. YPFB has already designed a system capable of accounting for payments made in crypto due to the scarcity of dollars and dollar-denominated assets that Bolivia has been facing for some time. The spokesperson, who stated that the system was put in place to support the national subsidy policy for fuel purchases, stated: From now on, these (cryptocurrency) transactions will be carried out. According to Reuters, the announcement was confirmed publicly by government officials, who recognized that the system had been put in place and that the company intended to use it, but that it had not been employed yet. While the move does not explicitly mention stablecoins, government officials have referred to the usefulness of these instruments as dollar proxies. In July, central bank president Edwin Rojas Ulo highlighted the utility of stablecoins and their potential benefits, stating that using them was “as if one were trading in North American currency, although what one is doing are operations with these digital assets.” Read more: Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy This move marks the latest development in the country as the central bank unbanned the use of cryptocurrency last year, opening the doors for users to make crypto purchases and sale transactions using their bank accounts. Since the bank lifted this blanket ban, the country has experienced a crypto renaissance period, with crypto volumes skyrocketing. Also, other proposals including crypto to dynamize the local economy using USDT, a dollar-pegged stablecoin, have surged. Read more: Bolivian Attorneys Spearhead USDT Index Proposal to Energize a Dollar-Starved Economy 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

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South Korea is set to introduce new guidelines in the third quarter of 2025 to help with institutional investment in cryptocurrencies. The initiative is led by the Financial Services Commission (FSC) and the idea is to slowly lift the existing restrictions on institutional crypto investments. This could be quite the shift for South Korea and the country’s approach to digital assets. The guidelines will be rolled out in two phases, with the first one aimed at non-profit organizations and exchanges. The target date is April, and the guidelines will focus on establishing a foundational framework and addressing anti-money laundering (AML) concerns. The second phase is scheduled to come in Q3 and will introduce thorough instructions tailored for public companies and professional investors. This part is key in unlocking the potential of the virtual assets market within the corporate sector. There’s already been talk in previous months on lifting the ban , and with today’s announcement, it seems the country is adamant about doing so. When the decision officially takes place, it could have a big effect on the country and even the crypto industry itself. South Korea is a notable player in the global technology and financial sectors, and its progressive stance on crypto regulation may influence other countries to adopt similar approaches, contributing to the overall growth of the crypto industry. This dates back to 2017, when regulators imposed a ban on Initial Coin Offerings (ICOs) and prohibited institutional investors from directly holding or trading crypto assets. The decision was made in response to concerns about fraud, speculative trading, and money laundering that were abundant in the rapidly growing crypto market. Its restrictions grew over the years, from 2018 when banks were prohibited from providing corporate accounts for crypto exchanges, to 2021 when the government introduced tax regulations for crypto. In addition, that year, new licensing requirements forced all South Korean crypto exchanges to register with the Financial Intelligence Unit (FIU) and obtain Information Security Management System (ISMS) certification. As such, these new guidelines represent an important development in the integration of cryptocurrencies into mainstream finance – one from which South Korea can benefit immensely. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Bolivia is taking a radical step to combat a severe dollar shortage. The state-run energy company, Yacimientos Petrolíferos Fiscales Bolivianos (YPFB), is switching to crypto to pay for fuel imports. This bold decision aims to keep fuel subsidies afloat and ensure a stable supply of gasoline and diesel. But the bigger question is: could this signal a wider trend? Bolivia’s foreign currency reserves have dried up, largely due to a sharp decline in natural gas exports. The nation, once a regional energy powerhouse, now depends on imported fuel. Importing that fuel, however, has become a nightmare. The central bank is struggling to maintain its currency reserves, causing fuel shortages, long lines at gas stations, and growing public unrest. Desperate for a solution, the Bolivian government has authorized the use of digital assets for international transactions. YPFB has put a system in place to make cryptocurrency-based payments for energy imports. While no transactions have occurred yet, officials confirm preparations are underway. This unorthodox approach could provide temporary relief, allowing fuel imports to continue despite the lack of hard currency. Related: Bolivian Central Bank Reverses Crypto Ban, Opens Door for Financial Innovation To make matters worse, Bolivia’s government has also cut fuel subsidies. These subsidies, long a cornerstone of economic policy, have become unsustainable. The cuts primarily affect industries like gold mining and agribusiness, though everyday consumers are spared – for now . This decision has infuriated key economic sectors, particularly agriculture. With the summer harvest on the horizon, farmers worry about fuel shortages crippling production and transportation. The National Chamber of Industries has also warned of potential food supply chain disruptions, threatening to worsen economic instability. Related: Sunnyvale Public Safety Officers’ Association Adds Bitcoin to Balance Sheet To prevent fuel smuggling and unauthorized use, the government is deploying the military to oversee fuel distribution. This heavy-handed approach has only fueled frustration among affected groups. Protests and blockades have already started. Gold mining cooperatives are also planning a meeting to discuss the impact, potentially sparking further demonstrations. YPFB insists it can still supply 60% of the country’s fuel demand. However, officials acknowledge the need for a broader, long-term strategy. The government is racing to create a plan to stabilize the fuel market. Meanwhile, reliance on cryptocurrency transactions could provide a short-term fix, but its long-term viability as a sustainable payment method remains highly questionable. For crypto investors, Bolivia’s gamble could be a sign of things to come – or a cautionary reminder. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

FOX Business journalist Eleanor Terrett reports that the legal battle between Ripple Labs and the U.S. SEC is nearing a resolution. Settlement talks are underway, following the August district court ruling – a partial victory for Ripple. But sources reveal there still remains a sticking point: the $125 million fine. The major hurdle, according to insiders, is Ripple’s objection to the $125 million fine imposed by Judge Analisa Torres in July 2023. While significantly less than the SEC’s original $2 billion demand, Ripple’s legal team is fighting for better terms. They argue that the fine is unjustified, particularly given the SEC’s evolving stance under new leadership. Essentially, Ripple is arguing that it shouldn’t be punished for actions taken during a period of regulatory murkiness, especially if the SEC is now softening its approach to crypto regulations. So now the ongoing discussions center on whether Ripple will pay the fine and whether it will be bound by a long-term ruling preventing the sale of XRP to institutional investors. This last point is crucial for XRP’s future. Ripple’s position gains weight considering the larger shifts in the regulatory landscape for digital assets. The SEC has dropped several lawsuits against major crypto firms like Coinbase, Gemini, and Kraken. Related: Ripple vs. SEC: Could XRP’s Legal Battle End with Leadership Changes? These moves hint at a possible revision of the SEC’s approach to the crypto industry under its new leadership. Ripple believes that if other companies are being offered a clean slate, they should not be singled out for past actions under what they consider to be an unclear regulatory framework. Despite the ongoing settlement talks, the case remains unresolved. While other crypto-related cases, such as those involving Coinbase and Binance, have seen progress or temporary pauses , the Ripple-SEC dispute is still at an impasse. Related: SEC Drops Multiple Lawsuits and Investigations Against Crypto Firms—Here’s the List Legal experts, including James Murphy , suggest the delay could stem from Ripple’s efforts to settle the appeal of Judge Torres’ ruling. This claim suggests that Ripple’s legal team is aiming to overturn the ban and limit the impact of the findings of securities law violations. The outcome of these negotiations could have major implications for XRP’s price and its future role in the crypto market. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.