Regulation· ★★★· bearish·

Poland lost $230 million trying to buy Venezuelan oil with crypto

  • —Poland's losses are estimated at $230 million
  • —The scheme involved paying for Venezuelan oil in crypto
  • —The Financial Times reported the deal
Why it matters: The case highlights the risks of using crypto in circumvention payment schemes and could increase regulatory pressure on such operations.
Source: Google News (crypto query)
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