Russia has turned to cryptocurrencies to facilitate oil trade with China and India, effectively bypassing Western sanctions in its $192 billion oil …
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Tag:
Oil
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Regulation
Russia Side-Stepping Western Sanctions by Trading Bitcoin (BTC), Ethereum (ETH) and USDT for Oil: Report
by shayaanby shayaanRussia is using cryptocurrencies in oil transactions with India and China, according to a new Reuters report. Citing “four sources with direct …
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Adoption
Russian oil firms use Bitcoin, Ethereum, USDT for cross-border payments with China and India
by shayaanby shayaanRussia has started using crypto for oil trades with China and India as it seeks to bypass Western sanctions, Reuters reported on …
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Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that …
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Finance
Tether Trade Finance Completes Funding of First Middle Eastern Crude Oil Transaction
by shayaanby shayaan8 November 2024 – Tether, the largest company in the digital asset industry today announced that its Investment division has financed a …
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Markets
Stablecoin Giant Tether Enters Oil Trade by Financing $45M Middle Eastern Crude Deal
by shayaanby shayaanThe USDT issuer is expanding in trade finance, seeking to carve out a niche in the $10 trillion ecosystem. www.coindesk.com
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