Cuba’s government is considering using cryptocurrency to bypass US sanctions

2019-7-3 12:03

Cuba‘s government is eyeing the potential use of cryptocurrency to boost its economy. The proposal forms part of a series of measures seeking to improve the country’s deepening criss exacerbated by US sanctions.

The new measures were announced this week by President Miguel Diaz-Canel and his government on state-run TV and promise to raise income for around a quarter of the population. The objective is to increase national supply and demand with a view of boosting growth as sanctions imposed by US President Donald Trump target foreign investment and tourism. Speaking on TV, Alejandro Gil Fernandez, the country’s Minister of Economy…

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Источник: thenextweb.com

government sanctions → Результатов: 57

Cuba Looks At Potential Use Of Cryptocurrency To Boost Economy

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	World
cryptocurrency economy boost use cuban struggling sanctions

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Cuba Studying Cryptocurrency Use to Bolster its Economy Amidst Crisis

Cuba eyeing the use of cryptocurrency in national and international commercial transactions, aiming at decentralization as well This is part of the country’s measures to boost its economy amid crisis, exacerbated by US sanctions Cuba’s Communist government has been studying the potential use of cryptocurrency as part of the measures to boost its economy amidst […]

2019-7-3 20:20	Legal & Regulation
economy cuba cryptocurrency use boost amidst part

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Cryptocurrency transactions could be the savior as Cuba mulls over ways to evade US-imposed sanctions

Is there any other currency that can be used to pay for pineapple pizzas and escape the economic sanctions imposed by the most powerful country in the world. Yes, there is. According to Reuters, the communist government of Cuba announced on July 2 that it was mulling the “potential use” of cryptocurrencies, in order to […] The post Cryptocurrency transactions could be the savior as Cuba mulls over ways to evade US-imposed sanctions appeared first on AMBCrypto.

2019-7-3 12:00	УС
sanctions cuba cryptocurrency us-imposed savior could transactions

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Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques

As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power.

2019-6-29 14:35	Иран
bitcoin mining iran broke country rigs seizes

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Expert Believes Petro Cryptocurrency Is Helping Venezuelan People Bypass Sanctions

Venezuelan Petro Moves Towards A New Phase The Petro is now accepted in many shops in the country, according to Ricardo Baptista, the director of the Latin American Cryptoeconomy Corporation, the Venezuelan government wants to help the economy by promoting the use of virtual currencies, including the government-backed Petro. The goal is to solve the […]

2019-6-10 02:49	Cryptocurrency News
petro venezuelan wants help government corporation latin

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Russia’s Massive Oil Industry Considers Using Facebook’s Global Coin

By CCN: According to local reporting, Facebook’s Global Coin might soon be used to value barrels of oil, according to one wide-ranging article about the impact of technology on the Russian economy.

2019-6-7 08:05
global coin oil russia one facebook technology

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Man Sentenced for Illegal Money Transmission Services on LocalBitcoins

U. S. citizen Morgan Rockcoons has been sentenced to fines and prison time for running unlicensed money exchange services on LocalBitcoins. Advertising himself on the peer-to-peer bitcoin trading network, Rockcoons made more than 1,000 transactions with hundreds of different users.

2019-6-1 18:55	Law & justice
rockcoons bitcoin doj money legal case 2019

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LocalBitcoins Denies Service to Iranian Users

The popular peer-to-peer bitcoin trading network LocalBitcoins has shut down all trading operations for Iranian users. LocalBitcoins’ website offers a variety of pages for users of different nations and, as of May 24, 2019, the Iranian page displays a message that “LocalBitcoins is currently not available in your selected region,” in English only.

2019-5-25 20:14	Adoption & community
bitcoin localbitcoins iranian users country magazine hodl

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ZebPay Reminds India to Be Patient in Waiting for Crypto-Friendly Regulations

One of the major talking points in the crypto space has been bitcoin’s ability to continually dodge government regulations. And while the protocol is resistant to almost all sanctions, the businesses built on top of the technology aren’t.

2019-5-15 22:59	Regulations
regulations bitcoin crypto india developments draconian haveread

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As Trump Turns Up Sanctions, Iranians Ramp Up the LocalBitcoins P2P Crypto Trading Activity

As the government of the United States continues to impose sanctions on Iran, the people of the country have decided to use Bitcoin in order to escape the international sanctions. This week, the president of the U.

2019-5-11 02:52	localbitcoins
sanctions trump order donald president week issued

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Iran’s First Ever Bitcoin ATM Unveiled in Tehran

On April 24, 2019, the first bitcoin ATM in the Islamic Republic of Iran was revealed at the 12th International Exhibition of Exchange, Bank and Insurance in Tehran.

2019-4-27 21:31	Adoption & community
bitcoin iran sanctions iranian seen tehran especially

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Mueller Report: Russia Used Bitcoin to Fund DNC Hacks

An intelligence branch of the Russian government used bitcoin to fund its cyberwarfare efforts to interfere with the 2016 U. S. presidential election, the Mueller Report claims.

2019-4-19 23:21	Law & justice
bitcoin report russian russia used these mueller

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Will Bitcoin and Crypto Save Iranians? Elite Military Group Now a Terrorist Organization

The US President has declared that an elite military force in Iran is a foreign terrorist organization. As the sanctions from the international community pile up for the Iranian government, Bitcoin and other cryptos could save their citizens from financial woes.

2019-4-9 15:55	United States
military organization elite terrorist bitcoin save iranians

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Iran’s Tourism Sector Recognizes Cryptos as Legal Tender

In a bid to survive the harsh sanctions imposed on it by the government of the United States, blockchain-based digital assets such as bitcoin (BTC) have now become legal tender in the Iranian tourism sector, and the nation’s authorities are also working hard to launch a state-backed cryptocurrency, reports AL-Monitor on March 21, 2019.

2019-3-24 22:00
bitcoin cryptocurrency tender tourism legal sector al-monitor

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Venezuela Hit With Fresh New Economic Sanctions by Trump and United States Government

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	News
government venezuela sanctions new mobilize assets clients

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Venezuela: Bitcoin to the Rescue as US-Led Visa, Mastercard Boycott Looms

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	Visa
venezuela visa mastercard bitcoin payment government boycott

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US Treasury Accuses Russian Bank Of Helping Venezuela Skirt US Sanctions Via Petro

This action signals an increase in US pressure on the Venezuelan government.

2019-3-14 20:18	World
increase action signals pressure government venezuelan petro

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China’s Huawei Fights Back, Plans to Sue ‘Hypocritical’ US Government

Leading Chinese electronics and cell-phone manufacturer Huawei is reportedly preparing to sue the government of the United States of America over the latest development in an ongoing trade war between the US and China.

2019-3-4 20:03
huawei government china sue back products fights

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Maduro Scoops 8 Tons of Venezuelan Central Bank Gold for Illegal $340 Million Cash Swap

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	Venezuela
gold central bank million maduro 340 tons

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Recent Russian Rumor Resurfaces Saying Country is Buying 1 Million Bitcoin Worth Billions to Avoid US Sanctions

Is There Any Truth to the Recent Rumor That Russia Has Just Bought a Million Bitcoin (BTC) Coins? If controversial crypto commentator Vladislav Ginko is to be believed, the Russian government has recently purchased a massive total of 1 Million BTC tokens from unknown sources. Ginko, who claims to be a tenured professor at the […]

2019-2-24 19:24	News
million ginko recent bitcoin btc rumor russian

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Local Crypto Community is Receptive to Pro-Crypto Policies Set By Iran

Iran is resolutely stepping forward to become the first crypto nation in the Middle East. The need to float its economy after the unilateral sanctions imposed by the United States and the intense political and financial pressures exerted against the government has led Hasan Rohani’s team to see in the cryptocurrency salvation for the economy.

2019-2-7 13:05
iran crypto local receptive economy policies pro-crypto

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US Imposes Sanctions on Venezuela’s Oil Firm PDVSA Which Planned to Begin Petro Transactions in 2019

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
pdvsa venezuela sanctions petro oil firm state-backed

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Russia Unlikely to Invest in Bitcoin in the Next 30 Years, Official Refutes Earlier Report

Recently, a report indicated that Russia intended to invest billions of dollars in Bitcoin to cushion itself against the effects of U. S sanctions. As we reported, the report cited a senior Russian economist and a lecturer at a national economics institution.

2019-1-17 11:06	Russia
official report russian bitcoin unlikely invest russia

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Is Russia Really Planning a 10 Billion Dollar Bitcoin Buy?

It has long been known that dark web participants use cryptocurrency to make deals and do business. There has also been no shortage of connections of Bitcoin to hackers and even government intelligence operatives.

2019-1-16 21:59	Russia
bitcoin even planning really russia dollar billion

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Kremlin Economist Suggests Russia May Avoid US Sanctions By Investing in Bitcoin

Sanctions from the US have hit the Russian ruble, but reports say the Kremlin is taking steps to reduce the impact with cryptocurrency. According to Vladislav Ginko, a Russian economist with ties to the Kremlin, the government is planning a Bitcoin investment to replace part of its US dollar reserves.

2019-1-14 20:19	Bitcoin
bitcoin kremlin economist russia sanctions cryptocurrency russian

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5 Crypto Exchanges Have Been Licensed in Gibraltar Since Regulation

Several known crypto companies have been granted licenses to operate from Gibraltar since the British overseas territory adopted business-friendly regulations for the nascent industry. According to Gibraltar’s trade minister, Albert Isola, the government is now focused on creating a “supportive environment” for the sector.

2019-1-11 01:00
gibraltar crypto exchanges licensed regulation creating supportive

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Venezuela Pushes Back Against US Sanctions On Petro Crypto, Labels Them Coercive Restrictions

Venezuela Pushes Back Against US Sanctions On Their National Cryptocurrency Petro Earlier this week the US imposed sanctions that target a Venezuelan currency exchange network scheme that siphoned off billions of dollars to corrupt insiders of the Venezuelan government.

2019-1-10 17:46	News
sanctions venezuelan exchange back against petro venezuela

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Russia to Buy Billions of Dollars Worth in BTC Next Month, Russian Economist Says

The Russian government is unwilling to allow the unilateral economic sanctions imposed by Donald Trump’s government to further affect its economy and may be considering a forceful measure to combat American power in this current diplomatic war.

2019-1-9 18:35	Russia
russian says economist russia economy government buy

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Russia Plans to Ditch US Dollar for Bitcoin, Says University Professor

A Russian university lecturer with ties to the government says the Kremlin will soon begin investing massively in Bitcoin as a way of avoiding new U. S. sanctions, a move that could happen “in a matter of weeks.

2019-1-8 20:00
bitcoin says university russia new plans kremlin

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Russia Says Venezuela’s Petro Acceptance ‘Not Happening’

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	Venezuela
petro russia venezuela says happening acceptance sanctions

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Venezuela to Use Petro Cryptocurrency in International Oil Trade

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
cryptocurrency oil petro venezuela announced sanctions using

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Iranian Bitcoin Trader Receiving US Sanctions Affirms Innocence In Wrongful Address Blacklisting

An Iranian Bitcoin trader called Mohammad Ghorbaniyan says that the government of the United States accused him of something that he did not do. According to the U. S. Treasury Department’s Office of Foreign Assets Control (OFAC), the man would belong in a sanctions list that cut him out of all the American financial system. […]

2018-12-5 08:51	News
iranian him bitcoin sanctions trader ofac assets

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Iranian Bitcoin Users Are Already Being Affected By New US Sanctions

New sanctions from the US government are driving Iranian bitcoin users to pursue more secure and private wallet solutions.

2018-11-30 20:35	sanctions
new sanctions bitcoin users iranian pursue secure

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The US Government Is Powerless to Block Bitcoin Addresses

It has been widely reported this week that the U. S. government has blacklisted two BTC addresses linked to cyber crime. These particular addresses were singled out because their owners are believed to be Iranians, whose country is currently facing heavy economic sanctions from the U.

2018-11-29 17:20	sanctions
addresses bitcoin government btc powerless block heavy

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World’s First Two Bitcoin Addresses Sanctioned by US, But Does it Work?

The United States government has announced sanctions on two bitcoin addresses which they claim belong to two Iranians who, the government says, assisted in exchanging bitcoin ransom payments into Iranian fiat.

2018-11-29 16:36	USA
bitcoin two addresses work government world does

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A First: U.S. Treasury Makes Bitcoin Addresses Focal Point in Sanctions

For the first time, the U. S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has traced illicit bitcoin activity to the public addresses of two sanctioned individuals.

2018-11-29 21:41	Law & justice
bitcoin digital currency khorashadizadeh ghorbaniyan ransomware addresses

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Iran Feeling Heat from SWIFT Sanctions, National Cryptocurrency Ready for Blast-off?

The Society for Worldwide Interbank Financial Telecommunication (SWIFT) may have just pushed Iran to the wall in its plans to build a state-issued cryptocurrency, having abruptly ejected several banks from the marginalized Middle-Eastern state under mounting pressure from the US government.

2018-11-15 11:00	Иран
iran cryptocurrency sanctions swift financial heat feeling

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New US Economic Sanctions Leads To Multiple Iran Crypto Exchanges Leaving The Islamic Republic

New Economic Sanctions in US Leads To Withdrawal of Multiple Crypto Exchanges From Iran In an announcement from the US government, new economic sanctions have been established that will prevent the majority of the world from using many of Iran’s major resources, including their oil, shipping, and gas market. Their financial system is included in […]

2018-11-8 01:18	News
new iran sanctions economic multiple exchanges crypto

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Petro Cryptocurrency Is Legally Recognized As Valid Tender By Venezuela Supreme Court

Venezuela has been working hard to establish itself as the first country to launch a national cryptocurrency – the Petro. The government announced that the cryptocurrency is to mitigate issues associated with traditional fiat currency.

2018-11-4 14:36	News
cryptocurrency petro venezuela united announcement currency traditional

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Fincen Claims Iran Is Using Crypto to Evade Sanctions

The Financial Crimes Enforcement Network has warned U. S financial institutions that the Iranian government might be dodging economic sanctions by using cryptocurrencies. The document highlights challenges arising from peer-to-peer virtual currency exchanges and encourages banks to monitor blockchain ledgers for transactions tied to the country.

2018-10-15 15:35
using sanctions iranian fincen claims financial iran

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U.S. Senators Push for Stronger Sanctions Against Venezuelan Petro

A bipartisan group of senators in the United States are seeking strong sanctions against Venezuela’s Petro. The proposed sanctions would extend an executive order from March to prohibit U. S. residents from providing software to the Venezuelan government in its efforts to launch the Petro.

2018-10-8 06:25
petro sanctions senators venezuelan against venezuela stronger

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North Korea Can Use Hot Virtual Wallets to Circumvent U.S. Sanctions

North Korea is a country that has been hit hard by U.S. sanctions in recent years, as the international community, and specifically the United States government attempts to push its… The post North Korea Can Use Hot Virtual Wallets to Circumvent U.S. Sanctions appeared first on CoinCentral.

2018-10-2 18:37
sanctions north korea wallets circumvent virtual use

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Bitcoin Hits $24,000 In Iran After Government Okays Mining

The world’s most expensive bitcoin core (BTC) price is in Iran. A combination of high foreign currency demand, economic sanctions and an improved regulatory environment – with some speculation – have sent the price of the leading digital currency skywards.

2018-9-6 04:05	Venezuela
iran bitcoin mining price currency hits high

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Bitcoin Hits $24000 In Iran As Government Recognises Crypto Mining As An Industry

Recently, Iran have announced that they will start to recognise cryptocurrency mining as an industry. This comes after an increased pressure on the country by the United States changing the economic sanctions.

2018-9-5 18:00	Cryptocurrency
iran bitcoin price mining industry 24000 crypto

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Venezuela’s Cryptocurrency Petro Has No Users, No Investors and No Oil to Back It Up

The petro has stirred up a lot of debate among the cryptocurrency community. Some believe it is a successful example of using the technology to create resource-backed assets and bypassing financial sanctions.

2018-9-3 18:55	Venezuela
cryptocurrency petro investors venezuela users back oil

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Iran Set to Make U-turn on Cryptocurrency Ban

Iran is reportedly considering going back on its cryptocurrency ban. This move comes as the government makes definitive steps towards creating a national virtual currency to circumvent U.

2018-8-29 13:55	Cryptocurrency News
iran cryptocurrency ban set u-turn make hakimi

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Venezuela Nationalizes Petro, Will Introduce Crypto-Based Salary System for Workers

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	Digital assets
petro new cryptocurrency salary venezuela system unit

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Iranian Hackers Develop Ransomware to Secure Bitcoin Amidst Looming U.S. Sanctions

Iranian hackers are currently responsible for a series of ransomware attacks. These attacks tend to render a computer system unusable until a certain number of bitcoins are paid, As reported by the Wall Street Journal on August 7, 2018.

2018-8-9 11:26	sanctions
iranian sanctions hackers ransomware develop bitcoin attacks

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Legalization of Cryptos in Iran Imminent as Government Looks for Ways to Beat U.S. Sanctions

Iran could soon join the list of countries where cryptocurrencies are officially legal. This move should come as no surprise as the country has already revealed plans to introduce its own national cryptocurrency in a bid to beat US sanctions.

2018-8-1 15:59	Cryptocurrency
iran sanctions cryptocurrency legalization beat cryptos ways

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2019-7-3 12:03

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