Venezuela to start using crypto for oil trades

Venezuela is dramatically increasing its reliance on cryptocurrencies in response to re-imposed U.S. oil sanctions. PDVSA, the country’s state-run oil giant, is spearheading this shift to cryptocurrencies as a tactic to sidestep the financial blockades affecting its operations. The change in strategy was necessitated after the U.S. Treasury recently cut off a general license for […] source: https://www.cryptopolitan.com/venezuela-start-using-crypto-for-oil-trades/