Venezuela Turns To Crypto As U.S. Sanctions Return On Oil Exports

Murtuza Merchant | April 23, 2024

Venezuela’s state-owned oil company, PDVSA, is turning to cryptocurrency to adapt as the United States reimposes sanctions on the country’s oil industry. What Happened: In a move to bypass potential restrictions on traditional financial channels, PDVSA is accelerating its shift towards using digital currencies, particularly Tether (CRYPTO: USDT), for crude oil and fuel exports, Reuters […]

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