intermediary institutions Archives - Coin Engineer https://coinengineer.net/blog/tag/intermediary-institutions/ Btc, Coins, Pre-Sale, DeFi, NFT Wed, 24 Apr 2024 08:00:46 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png intermediary institutions Archives - Coin Engineer https://coinengineer.net/blog/tag/intermediary-institutions/ 32 32 Solution to US Sanctions Found in This Coin! https://coinengineer.net/blog/solution-to-us-sanctions-found-in-this-coin/ https://coinengineer.net/blog/solution-to-us-sanctions-found-in-this-coin/#respond Wed, 24 Apr 2024 15:00:45 +0000 https://coinengineer.io/blog/?p=18559 According to Reuters, the state-owned PDVSA company in Venezuela is considering using Tether (USDT) to avoid US sanctions. According to information shared by Reuters, the oil company is considering using USDT more actively to prevent its foreign bank accounts from being blocked. It is stated that PDVSA started selling oil through USDT against US sanctions

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]]> According to Reuters, the state-owned PDVSA company in Venezuela is considering using Tether (USDT) to avoid US sanctions.

According to information shared by Reuters, the oil company is considering using USDT more actively to prevent its foreign bank accounts from being blocked.

It is stated that PDVSA started selling oil through USDT against US sanctions since last year.

PDVSA also demands that new customers who will make agreements with the company keep cryptocurrencies in a digital wallet. It is suggested that this is also valid for some old customers.

PDVSA is receiving help from intermediary institutions to cover up the tracks of its oil sales with USDT.

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