2024-4-24 22:28 |
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Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…
2024-4-23 11:43 | |
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Venezuela's oil firm PDVSA turns to cryptocurrency, leveraging Tether (USDT) to navigate through US sanctions and protect oil revenues, amidst growing scrutiny and operational challenges. The post Venezuela to Use Tether (USDT) to Evade US Sanctions appeared first on BeInCrypto.
2024-4-23 09:40 | |
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Venezuela's state-run oil company started experimenting with Tether in 2023.
2024-4-23 07:54 | |
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The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
2022-6-24 23:00 | |
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The company said it made the decision because of the “increasing complexity of complying” with penalties imposed by the U.S.
2022-6-23 17:32 | |
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MetaMask and Infura raised Crypto Twitter’s ire after accidentally blocking some users from its service to comply with new U.S. sanctions.
2022-3-4 06:12 | |
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Venezuela is reportedly paying companies in allied countries, including Iran and Turkey, with bitcoin to mitigate the effects of U. S. sanctions on its economy. The Venezuelan government is also planning to increase bitcoin usage now that it has a dedicated cryptocurrency mining center.
2020-12-10 19:30 | |
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Venezuela is further expanding its crypto foothold in what seems to be a tact towards salvaging the country’s economy while evading imposed sanctions, especially by the United States. Through one of its engineering brigades, the Venezuelan army recently revealed a Bitcoin mining center dubbed ‘Digital Assets Production Center of the Bolivarian Army of Venezuela.
2020-12-2 00:26 | |
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Venezuela is back with another crypto-revolving idea, and this time, the country is planning to launch a crypto-powered decentralized stock exchange. The exchange will allegedly have a global reach, in spite of the sanctions that have already severely damaged the small nation’s economy.
2020-10-2 12:08 | |
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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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Paxful, the North American P2P Bitcoin trading service provider, is exiting the lucrative Venezuelan market according to an email shared with its clients on September 15. The firm notified its Venezuelan users that they have a month to withdraw their funds and will no longer be facilitating the creation of new accounts by prospects residing […] The post P2P Trading Platform, Paxful, Exits Venezuela; Due to Regulatory Risks From US Sanctions first appeared on BitcoinExchangeGuide.
2020-9-15 17:15 | |
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The South American nation of Venezuela appears to have run a very brief trial accepting Bitcoin payments for passport applications. SAIME (the country’s Administrative Service for Identification, Migrants, and Foreigners) added the option yesterday for some overseas applicants before quickly removing it again.
2020-6-26 21:21 | |
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Venezuela has made a major change to its policy which offered subsidized fuels to its citizen amid a shortage of fuel across the country due to American sanctions. The policy change would mean that now, Venezuelans would have to pay for the fuel which they got almost for free under subsidies of the government. The […]
2020-6-3 21:34 | |
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Venezuela's Petro digital currency remains mired in controversy. To add to the country’s economic worries some oil buyers have reportedly halted purchases in fear of violating U.S. sanctions.
2020-1-26 14:09 | |
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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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You have to love it when the mainstream press talks about Bitcoin. Bloomberg broke the news that Venezuela has Bitcoin and ‘doesn’t know what to do with it’. Bitcoin as a Central Bank Reserve They also go on to say that: Venezuela’s central bank is running internal tests to determine whether it can hold cryptocurrencies in its coffers.
2019-9-27 15:00 | |
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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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The unique ability of cryptocurrencies to realize global payments is already used by several economies, mainly depressed or under sanctions. It seems that Russia intends to go this way – at the expense of nickel and palladium.
2019-7-26 02:02 | |
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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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The Venezuelan president and his administration are said to be using proceeds from the airline industry – and cryptocurrency – to avoid sanctions.
2019-7-26 21:00 | |
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It’s no secret that foes of the United States – including Venezuela, Iran, Russia, and China – are experimenting with cryptocurrency technology as they seek to render their economies immune to crippling US sanctions.
2019-7-14 02:30 | |
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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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Cuba is reportedly considering developing its own cryptocurrency, potentially following in the footsteps of Venezuela. Between enforced sanctions under Donald Trump and decreased aid from allies, Cuba is in trouble.
2019-7-4 00:00 | |
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As a result of a decline in aid from Venezuela and strict US sanctions, the Cuban government plans to research the possible use of cryptocurrency to boost the nation's struggling economy.
2019-7-3 21:33 | |
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In the face of increasing U.S. sanctions, Cuba is pondering joining Venezuela on crypto
2019-7-3 09:55 | |
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Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.
2019-5-25 14:02 | |
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Coinspeaker Venezuela Turns to Crypto and Rubles to Bypass US SanctionsVenezuela and Russia are discussing an option to use the Ruble and the Petro in their mutual trade settlements.Venezuela Turns to Crypto and Rubles to Bypass US Sanctions
2019-5-21 13:59 | |
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Caracas and Russia are in talks to disconnect from USD and exchange rubles and crypto.
2019-5-21 22:30 | |
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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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As per an all new circular issued by the US Government earlier today, Venezuelan banks will now be faced with an all-new set of sanctions that will make it even harder for their clients to “mobilize their assets for everyday purposes”.
2019-3-23 18:46 | |
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A few hours ago, the Trump administration issued a new set of sanctions against Venezuelan banks, aiming to make it more difficult for the people to mobilize their money and pay for goods and services.
2019-3-23 04:41 | |
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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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With the United States government threatening to prohibit payment companies from processing transactions in Venezuela, citizens may be forced more than ever before to adopt Bitcoin. No More Visa and Mastercard Payments for Venezuelans According to Bloomberg, U.
2019-3-15 17:30 | |
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The U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro.
2019-3-14 19:45 | |
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This action signals an increase in US pressure on the Venezuelan government.
2019-3-14 20:18 | |
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The United States Treasury Department has imposed further sanctions on Russia, this time adding bank Evrofinance Mosnarbank, jointly owned… The post U.S. Treasury Sanctions Russia-Based Bank Allegedly Backing Venezuela’s Petro appeared first on Invest In Blockchain.
2019-3-13 18:46 | |
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The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.
2019-3-13 16:00 | |
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Министерство финансов США объявило о введении санкций против «Еврофинанс Моснарбанка», который находится в совместной собственности российских и венесуэльской государственных компаний. Причиной стала якобы поддержка и сотрудничество с нефтяной корпорацией Petroleos de Venezuela S.
2019-3-13 11:26 | |
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The U.S. Treasury has sanctioned Moscow-based bank Evrofinance based on its alleged financing of Venezuela’s controversial oil-backed crypto, Petro
2019-3-13 21:32 | |
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As many of our readers are probably well aware of, the South American nation of Venezuela is currently in the midst of its worst ever financial crisis— with inflation rates currently at an all-time high due to a host of international economic sanctions that have been levied against the nation. As a result of all […]
2019-3-11 19:42 | |
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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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Latest Litecoin News Crypto is promoted as an alternative to the susceptible, government-issued fiat money. We can draw valuable lessons from events happening in Venezuela and what geopolitical factors can do to a currency propped by the strength of an economy’s export like in the case of Iran and what US sanctions did to the […]
2019-2-28 17:23 | |
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Venezuela’s state-run oil company PDVSA is allegedly set to increase crypto usage in its crude and fuel exports as the U.S. strengthens oil sanctions against the country. Venezuela‘s PDVSA, the world’s fifth largest oil exporter, is turning to stablecoin Tether…
A recent report from Chainalysis illuminates this grassroots crypto adoption across Latin America. Brazil, Argentina, and Mexico have emerged as leaders.
A Venezuelan oppositioner Leopoldo Lopez praised crypto as a tool to overcome censorship but also addressed its dependency on corrupted banks. As Venezuela struggles with a humanitarian crisis, crypto has become a vital tool for many Venezuelans seeking to preserve…
Nicolas Maduro, Venezuela’s president, has decided to restructure and reorient the National Superintendency of Crypto Assets. The decree was issued in March of this year. The reorganization of the crypto asset department will be headed by the new board, led by Anabel Pereira Fernandez, a lawyer who has served as president of the Fondo de […]
The accounts of consumers with connections to cryptocurrency trading, particularly those connected to peer-to-peer (P2P) transaction activity, have caught the attention of Venezuelan banks.
Women in Latin America are showing an increased interest in Web3 as organizations aim to drive participation through educational content and scholarships.