Deisy Buitrago
Name
Deisy Buitrago
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Reports on oil and energy and general news from Venezuela's capital, Caracas. She is also interested in reporting on politics and the environment. Deisy has been working with Reuters in Caracas since 2001, where she started writing on violent anti-government protests, the death of Venezuela’s former President Hugo Chávez, and problems at state oil company PDVSA, among other topics.
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Exclusive: Venezuela to accelerate cryptocurrency shift as oil sanctions return
Crypto
Article
PDVSA since last year had been slowly moving oil sales to USDT, a digital currency also known as Tether whose value is pegged to the U.S. dollar and designed to maintain a stable value. The return of oil sanctions is speeding up the shift, a move to reduce the risk of sale proceeds getting frozen in foreign bank accounts due to the measures
Crypto
Quote
The U.S. Treasury Department last week gave PDVSA's customers and providers until May 31 to wind down transactions under a general license it did not renew due to a lack of electoral reforms. The move will make it more difficult for the country to increase oil output and exports as companies will have to wait for individual U.S. authorizations to do business with Venezuela.
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