Sanctions for Tether payments in Venezuela's state-owned company.
First of all, I want to send a big greeting to all the friends of steemit and especially to the members of this prestigious and wonderful #Project-Hope, today I come to share with all of you this publication related to the activation again of the sanctions imposed by the USA to Venezuela that affects in this opportunity the payments in cryptocurrencies to the state oil company..
The world of cryptocurrencies is currently being used by many more people, institutions and countries since the diversity of their operations allows them to safeguard their assets due to the inflation that exists in some countries..
However, some countries such as Venezuela and especially the state oil company PDVSA, currently reported that it will use the cryptocurrency to circumvent the sanctions imposed by the US, this certainly alerts the issuer of USDT Tether, where he said he will block payments made to entities sanctioned by OFAC.
That is why the issuer of USDT, Tether, informed that it will freeze the linked addresses and entities will not be able to carry out any transaction using the stablecoin to avoid sanctions..
This information is also being provided in an exclusive report by Reuters, since for some time now the oil country has been using cryptocurrencies to facilitate its crude oil and fuel exports and is currently facing new oil sanctions reimposed by the United States..
For its part, the state-owned PDVSA, is the largest and main source of income of the country and is nowadays making oil agreements with a contract model where the payment is in advance and the cargo exported in USDT.
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