Venezuela ramps up Bitcoin payments for imports from Iran and Turkey
Cointelegraph
Published Dec 09, 2020 10:42PM ET
Updated Dec 10, 2020 12:20AM ET
According to an investigative report from RunRun.es, Venezuela intends to increase its use of Bitcoin to pay for imports to bypass financial sanctions imposed by the United States.
RunRun.es, which was founded by Venezuelan investigative journalist Nelson Bocaranda, cited anonymous sources from the country’s central bank who claim that “payments to companies from allied countries such as Iran and Turkey have been made using Bitcoin.”
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Written By: Cointelegraph
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