Amid tightening U.S. sanctions, Venezuela’s state-owned oil company, PDVSA, is escalating its shift towards cryptocurrency for oil transactions as reported by Reuters. Consequently, the company now requires new customers to possess digital wallets for trading. This strategic pivot aims to sidestep restrictions that impede access to traditional banking systems. Significantly, this move comes after the The post Venezuela Boosts Cryptocurrency Use in Oil Trades Amid Sanctions appeared first on Coin Edition .
