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Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions

Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions


CoinGape
2024-04-22 23:05:36

As a response to the renewed U.S. sanctions, Venezuela has intensified the use of digital currencies in oil transactions. PDVSA, the state oil company of the country, has been integrating cryptocurrency into its payment options for crude oil and fuel exports more and more in recent years with the goal of avoiding the freezing of The post Venezuela’s Oil Exports Turn to Cryptocurrency to Dodge Sanctions appeared first on CoinGape .


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