Advertisements

Petro

Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

<header class=”article__header”> </header> <strong>There’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure …

Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money Read More »

Advertisements

Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review

The Spanish-speaking world saw a number major developments this week, with several companies accepting cryptocurrencies as a form of payment and the Venezuelan government making new claims about the use and acceptance of the controversial Petro coin. Here’s the past week of crypto and blockchain news in review, as originally reported by Cointelegraph en Español. Spain: …

Crypto News From the Spanish-Speaking World: Aug. 24-31 in Review Read More »

Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions

<header class=”article__header”> </header> <strong>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. Allegedly, Jetman Pay collects airline taxes from travelers who purchase tickets from Maiquetía International …

Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions Read More »

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin

<header class=”article__header”> </header> <strong>Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down …

Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin Read More »

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos

<header class=”article__header”> </header> <strong>The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them.</strong> Also read: Indian Supreme Court Postpones Crypto …

Crypto Adoption Remains Strong in Venezuela Amid Political Chaos Read More »

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro

<header class=”article__header”> </header> <strong>Last February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is …

OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro Read More »

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro

<strong>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.</strong> Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The …

US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro Read More »

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro cryptocurrency. The Treasury announced Monday that its Office of Foreign Assets Control (OFAC) has designated Evrofinance Mosnarbank – which is jointly owned by Russian and Venezuelan state-owned firms – to the Specially Designated Nationals List, as it …

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro Read More »

Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans

<strong>For a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who …

Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans Read More »

Venezuela Imposes Fees and Limits on Local Crypto Remittances

The Venezuelan government has introduced regulations for crypto remittances within the country, according to a decree published on Feb. 7 in the country’s official media outlet, Gaceta Oficial. According to the document, the National Superintendency of Crypto Assets and Related Activities (SUNACRIP) will now be responsible for taxation related to the sending and receiving of …

Venezuela Imposes Fees and Limits on Local Crypto Remittances Read More »