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Posted on by BitcoinGuide.com

Venezuela looking at using cryptocurrency to bypass financial sanctions

Venezuela may use cryptocurrency to bypass financial sanctions – SiliconANGLE

Venezuela’s central bank is looking into ways to hold bitcoin and Ethereum and use them for financial transactions, according to sources quoted by Bloomberg late last week. The push is said to be coming from state-run oil company Petroloeos de Venezuela SA, which wants support for cryptocurrencies to pay the company’s suppliers.








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