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However, the move introduces a reliance on intermediaries and presents a unique challenge in the global oil market
Venezuela's state-run oil firm PDVSA is pivoting to cryptocurrency, specifically Tether (USDT), for its oil exports in response to renewed U.S. sanctions. This strategic shift aims to safeguard profits from overseas bank freezes and navigate the complex trade compliance landscape.
April 23, 2024 05:51 AM