Venezuela Escalates Its BTC Payments For Turkey And Iran-Based Imports
Last Updated: 10 December 2020
RunRun.es gave out an investigative report, showing that Venezuela, currently under US sanctions, is redoubling its usage of Bitcoin in order to pay for imports. Through doing so, the country is attempting to bypass US-based sanctions imposed on it.
Buying With BTC On A Government Level
RunRun.es itself was founded by one Nelson Bocaranda, an investigative journalist from Venezuela. Bocaranda cited anonymous sources from within the central bank of the country, claiming that Bitcoin had been used to pay companies from Turkey and Iran, countries allied to Venezuela.