Tether, Venezuela
In Depth
Exclusive: Venezuela to accelerate cryptocurrency shift as oil sanctions return
Venezuela's state-run oil company PDVSA plans to increase digital currency usage in its crude and fuel exports as the U.S. reimposes oil sanctions on the country, three people familiar with the plan said.
Venezuela Turns to Tether to Skirt US Oil Sanctions: Report
Amid election turmoil, state-run oil firm PDVSA is using USDT. But Tether vows to follow the law and block transactions.
Tether Will Freeze Wallets Evading Venezuelan Sanctions
A tether spokesperson said that it will freeze addresses linked to evading sanctions. Reuters reported earlier this week that Venezuelan oil company PDVSA was using USDT via intermediaries to bypass U.
Venezuela's State Oil Company To Push Crypto Adoption Amid US Sanctions: Report
Venezuela's PDVSA is reportedly planning to speed up crypto adoption in oil transactions after the U.S. Treasury announced it will reimpose sanctions on the country's vast oil sector.
Venezuela Turns To Crypto As US Sanctions Return On Oil Exports
Tether Takes Action: Freezing Assets Amid Venezuela’s Crypto Strategy for Oil Exports
In response to reports that Venezuela’s state-run oil company, PDVSA, has adopted cryptocurrencies like USDT to manage oil and fuel exports, Tether has announced stringent measures. The company, which issues the stablecoin USDT,
Orlen’s Former Oil Trading Chief Responds to $400 Million Loss
Poland’s largest company, Orlen SA, is convinced that previous employees at the firm’s Swiss trading unit cost the business ...
The Washington Post9d
Biden administration to reimpose oil and gas sanctions on Venezuela
(Ariana Cubillos/AP) The Biden administration will reimpose oil and gas sanctions on Venezuela after President Nicolás Maduro failed to comply with a U.S.-backed agreement to allow opposition ...
Venezuelanalysis8d
Venezuela: Washington Reimposes Oil Sanctions, Maduro Gov’t Pledges Continued Growth
Caracas, April 18, 2024 (venezuelanalysis.com) – The Biden administration has reintroduced wide-reaching economic coercive measures against Venezuela’s oil industry. The US Treasury Department ...
The New York Times9d
Venezuelans Are Suffering, but More Sanctions Won’t Help
The Biden administration now has little choice but to follow through on its threats to reimpose the sanctions on Venezuela’s oil and gas industry, even though they have become deeply unpopular ...
The Star9d
Venezuela oil production lowest since 1945
CARACAS: Oil production in Venezuela, the country with the world’s largest reserves of crude, has fallen to a 75-year low with US sanctions continuing to cripple the country’s exports.
ABC News9d
US reimposes oil sanctions on Venezuela as hopes for a fair presidential election fades
MIAMI -- The Biden administration on Wednesday reimposed crushing oil sanctions on Venezuela, admonishing President Nicolás Maduro's attempts to consolidate his rule just six months after the ...
Bloomberg L.P.12d
Venezuela Arrests Oil, Gas PDVSA Officials on Graft Probe
Venezuela’s government arrested two high-level energy officials on Sunday following the detention of a former oil minister amid an investigation into billions of lost Petroleos de Venezuela SA ...
Orlen scraps Venezuela oil deals after heavy losses - source
Polish oil refiner Orlen has cancelled contracts to buy Venezuelan oil and refined products after losing more than $400 ...