India says no plans for oil trade with Venezuela using 'petro' cryptocurrency

in #cryptocurrency6 years ago

India said on Monday it had no plans to use Venezuela's local cryptocurrency 'petro' in oil trade with the Latin American nation, which is facing sanctions from the United States.

Responding to a question at a news conference, Foreign Minister Sushma Swaraj cited an order by the country's central bank saying it did not allow trade using cryptocurrency.

Venezuela, whose oil output is falling under pressure from the U.S. sanctions, is offering discount on oil sales done in 'petr ..

Read more at:
//economictimes.indiatimes.com/articleshow/64355387.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppstindia-says-no-plans-for-oil-trade-with-venezuela-using-petro-cryptocurrency.jpg

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@palcrypto, I gave you an upvote on your first post! Please give me a follow and I will give you a follow in return!

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India is not using crypto currency but they use it go be with world not lack behind power of blockchain.

yeah there are some very good project come out from india like Zebi coin and Nucleus Vision which have potential to grow in feature and they have real life use which is already use by many companies in india

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