U.S. Eyes Seizure of Venezuelan Crypto Assets Used to Evade Oil Sanctions, CNBC Reports

TLDR: Venezuela converts Tether payments from oil sales into Bitcoin to circumvent U.S. economic sanctions U.S. government seizure could remove supply from markets if assets are held rather than liquidated Bitcoin reclaimed 50-day moving average as markets interpret potential supply reduction as bullish Venezuelan citizens mine Ethereum and Bitcoin as hedge against hyperinflation and currency [...]

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