Venezuela is expected to increase its use of digital currencies, including Tether, for crude and fuel exports through its state oil company PDVSA, in response to the reimposition of U.S. oil sanctions. This shift comes as the U.S. has ordered a wind-down of oil deals with Venezuela by May 31. Experts and politicians are calling for increased scrutiny of this move, citing concerns over regulatory and law enforcement challenges.
Experts, politicians call for scrutiny of Venezuela's use of cryptocurrency https://t.co/Vybj2S93fG https://t.co/lmwhKF5vBE
Reuters- Venezuela's use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will require greater scrutiny by regulators and law enforcement, experts say https://t.co/OZZGDT5U0r.
Experts, politicians call for scrutiny of Venezuela's use of cryptocurrency https://t.co/SWjGqJnOWc
Experts, politicians call for scrutiny of #Venezuela's use of cryptocurrency https://t.co/w3FEOpXxjk
Venezuela to accelerate cryptocurrency shift as oil sanctions return https://t.co/XnrzqgSS3L
🟠 Venezuela's state oil company PDVSA plans to increase cryptocurrency transactions for its crude and fuel exports as the U.S. reimposes oil sanctions on the country, sources told Reuters earlier this month. It is unclear if payments in digital currency Tether by PDVSA will be… https://t.co/3zMEESYBQM
⚠️ EXPERTS, POLITICIANS CALL FOR SCRUTINY OF VENEZUELA'S USE OF CRYPTOCURRENCY Full Story → https://t.co/WeTIqncRKE Venezuela's use of digital currencies, expected to increase after the United States ordered a wind-down of oil deals with the sanctioned country by May 31, will… https://t.co/rLd8KVQ6Mo
🗞️ Crypto News In response to a recent Reuters report revealing that Venezuela's state-run oil company, PDVSA, has been utilizing cryptocurrencies to get around its oil and fuel exports sanctions. 🔗 https://t.co/yBFsBmPU94 #CryptoNews
Stablecoin issuer @Tether_to says it will freeze wallets that are using $USDT to evade sanctions on oil exports in Venezuela. https://t.co/KCZiN1HYQY