Apr 29, 07:10 PM

Venezuela to Use Tether for Oil Exports by May 31 Amid U.S. Sanctions

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.

#Venezuela #Tether #PDVSA

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