⏺ Cryptocurrencies could become an alternative to gold for Venezuela
According to sources, Venezuelan authorities considered cryptocurrencies as a replacement for traditional reserves. After selling gold in 2018, some of the proceeds were allegedly directed into Bitcoin, which helped reduce sanctions risks.
Later, it is claimed that oil payments were partially made in USDT with subsequent transfers of funds into BTC. $BTC $SOL $USDC
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⏺ Cryptocurrencies could become an alternative to gold for Venezuela
According to sources, Venezuelan authorities considered cryptocurrencies as a replacement for traditional reserves. After selling gold in 2018, some of the proceeds were allegedly directed into Bitcoin, which helped reduce sanctions risks.
Later, it is claimed that oil payments were partially made in USDT with subsequent transfers of funds into BTC.
$BTC $SOL $USDC