💥 Gate Square Event: #PTB Creative Contest# 💥
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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Venezuela intensifies crypto use in oil trading amid sanctions
Venezuela's state oil company, PDVSA, is accelerating its shift towards using the digital currency for crude oil and fuel exports in response to the reimposition of U.S. oil sanctions.
Venezuelan Oil Minister Pedro Tellechea said last week that various currencies are used as stipulated in the contracts, and that digital currencies are the preferred payment method at times.
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