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Tag: pdvsa

Venezuela to Ramp Up Use of Crypto to Counter Oil Sanctions – CryptoCurrencyWire

Venezuela’s state-owned oil company, PDVSA, is gearing up to ramp up digital currency use in its exports of fuel and crude oil amid renewed...

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Venezuela Turns To Crypto For Oil Sales To Evade Fresh Round Of U.S. Sanctions

Advertisement &nbsp &nbsp Venezuela’s state-owned oil company, Petróleos de Venezuela S.A. (PDVSA), is using Tether’s...

Venezuela Accelerates Shift to Tether (USDT) Amidst Tightening US Sanctions

Altcoin News For the last year, PDVSA has been progressively shifting its oil sales to USDT. This shift is being expedited by the return of oil...

Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved

The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil...

Venezuela Pulls The Plug On Controversial Petro Crypto After Six Years

Advertisement &nbsp &nbsp Venezuela’s oil-backed Petro cryptocurrency will cease to exist starting Monday, as per press reports. After roughly six years of struggling to...

Latam Insights: Argentine Peso Plunges, Venezuela and Russia to Develop SWIFT Alternative, Bitcoin Mining Still Paused in Venezuela – Bitcoin News

Welcome to Latam Insights, a compendium of probably the most related crypto and financial growth information from Latin America over the last week. On...

National Exchanges Reportedly Pause Operations in Venezuela, as Attorney General Confirms Crypto Watchdog Sunacrip Involvement in Oil Sale Schemes

National cryptocurrency exchanges have paused their activities in Venezuela according to reports, as the anti-corruption probe on national crypto watchdog Sunacrip and unlawful oil...

Venezuela Shuts Down Crypto Mining Operations

Venezuela, a country known for its volatile political climate, has recently made headlines for shutting down several crypto mining facilities throughout the country. According...

Venezuela arrests 21 people in crypto-related oil corruption scheme

Ad Venezuelan prosecutors arrested 21 people for being involved in a wide-range crypto-related corruption scheme on state oil company Petroles de Venezuela SA (PDVSA)...

Reports Indicate USDT Is Being Used in Venezuela to Facilitate Settlements and to Avoid Sanctions

Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers....

Venezuela Might Be Affected by Russian Banks’ SWIFT Suspension

VenezuelaAnalysts from Venezuela have expressed their worries about the expulsion of a number of Russian banks from SWIFT, an international messaging system that allows the interconnection of banks. These measures could affect the finances not only of Venezuela, but also of other countries in the region, damaging their capability to move funds, which is highly […]

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