2024-6-18 23:22 |
Venezuelan activists have alleged that President Maduro and his government are seeking ways to circumnavigate international sanctions, with crypto transactions. origin »
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More cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U. S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles and the economic crisis.
2020-12-10 04:30 | |
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The blockchain-based exchange comes as part of new measures announced by Pres. Nicolas Maduro in a bid to sidestep tough U.S. sanctions.
2020-10-3 12:00 | |
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Venezuela president Nicolas Maduro says the country is to start using cryptocurrency in both domestic and global trade, as part of efforts to neutralize crippling U. S. economic sanctions. Speaking in the country’s parliament on Sept.
2020-10-1 16:30 | |
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The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in tradeThe post Crypto to bypass sanctions? Yes, says Venezuela's President Maduro appeared first on AMBCrypto.
2020-10-1 19:57 | |
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Peer-to-peer (P2P) crypto exchange Paxful is shutting down its operations in Venezuela, apparently, to comply with U. S. economic sanctions against the leftist government of disputed president Nicolas Maduro.
2020-9-17 13:00 | |
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In an effort to dig out the country from the deep hole of hyperinflation, sovereign debt and sanctions from other economies, President Nicolas Maduro, Venezuela’s leader, is set to implement an aggressive strategy focused on its national cryptocurrency – Petro.
2019-10-17 01:08 | |
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The largest retailer in Venezuela, Traki, installs its first ever Bitcoin ATMs that allow customers to buy two cryptocurrencies, BTC and Dash (DASH). As the country crumbles under hyperinflation and sanctions from various countries across the globe, the government is turning to cryptocurrencies as a stable form of payment. Venezuelan president, Nicolas Maduro, announced the […]
2019-10-7 17:24 | |
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The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed.
2019-9-29 19:35 | |
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Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.
2019-7-26 14:02 | |
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Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U. S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay.
2019-7-26 23:15 | |
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Venezuela’s President Nicolas Maduro has ordered that every branch of the Banco de Venezuela should allow citizens to buy and trade El Petro, the state-issued cryptocurrency he’s so intent on pursuing.
2019-7-5 13:54 | |
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Nicolas Maduro, the President of Venezuela, introduced Petro [PTR] in 2018 to “revive” the nation’s crumbling economy. The launch of the state-backed cryptocurrency was speculated by many to be an attempt at dodging economic sanctions imposed by the US, since banking institutions had been widely affected by them.
2019-4-26 12:45 | |
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The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy.
2019-4-25 19:00 | |
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There were many stories in 2018 that had condemned Petro to be a currency by Maduro that might be illegitimate. However, during times of extreme financial difficulties that Venezuela is facing right now, it looks like it started to find acceptance.
2019-4-23 17:53 | |
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Ripple price ranging but bullish Financial sanctions help drive assets demand Participation levels drop, averages drop from 30 million to 16 million in three weeks. Trump’s plan of imposing financial sanctions on Maduro and other Venezuela elites could backfire affecting ordinary citizens.
2019-3-16 18:05 | |
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Eight tons of gold has been taken out of the vaults of Venezuela’s central bank as tightening sanctions push President Nicolas Maduro to take extraordinary measures to remain solvent. Per opposition legislator Angel Alvarado and anonymous government sources, the gold was removed from the central bank vaults last week.
2019-3-2 17:05 | |
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Nicholas Maduro’s government in Venezuela is going through tough times. In the midst of shockingly high inflation levels, the US has imposed new sanctions on the country’s state-backed oil firm PDVSA and has urged the country’s military to help with the peaceful transfer of power.
2019-1-31 22:24 | |
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Russia has not discounted the idea of using state-issued cryptocurrency Petro in commercial operations with Venezuela. Russia: No Petro Payments ‘Yet’ Those were the words of deputy finance minister Sergey Storchak speaking to reporters this week, local news outlet RIA Novosti reported December 13.
2018-12-14 17:00 | |
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The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro.
2018-12-8 12:14 | |
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In an effort to reinvigorate an economy crippled by socialism on one hand and US-led sanctions on the other, Venezuela established the Economic Recovery, Growth, and Prosperity Program, which resulted in the development of a state-supported cryptocurrency.
2018-10-4 19:39 | |
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Venezuelan President Nicolas Maduro recently revealed that the nation’s oil-backed cryptocurrency, the petro, will be used as a unit of account by the state oil company PDVSA.
2018-8-16 00:26 | |
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Venezuela isn’t just a Bitcoin rumor. It’s proof that crypto is now geopolitical infrastructure. When regimes fall, assets go onchain.
The leading cryptocurrency stories in Latin America this week point to a region in transition. Fintech giant Revolut launched full banking operations in Mexico. In Venezuela, Interpol carried out a major crackdown on a cross-border cryptocurrency scam linked to Generation Zoe.
This week in LATAM crypto news, from Colombia to Brazil and Venezuela, the region is witnessing significant advancements in the cryptocurrency field. Some notable examples include: Colombia’s DIAN tightens cryptocurrency transaction reporting laws, Brazil debuts a new government-backed stablecoin with yield sharing, and Venezuelan exchange Kontigo promises to fully recover cash following a security compromise. […]
Venezuela may have quietly built a Bitcoin stash of roughly 600,000 to 660,000 BTC. That number would be worth about $56 billion to $67 billion at recent prices, intelligence reports cited by Whale Hunting analysts Bradley Hope and Clara Preve disclose.
Altcoins traded mixed as Bitcoin led the rally, buoyed by macro triggers and a tightening supply outlook.
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are currently in the green, having recorded excellent gains over the weekend. The leading cryptocurrencies could rally higher in the near term as the bulls take full control of the market.
Despite official claims of recovery, Venezuela is heading toward 2026 burdened by deep structural weaknesses and rising uncertainty. Economist Aldo Contreras and political analyst Pablo Quintero told Invezz the country remains trapped in a prolonged downturn that began more than a decade ago.