Mar 27, 2019 at 10:35
Political Turmoil Sees Venezuelans Store Wealth in Crypto
The Bolivarian Republic of Venezuela, one of the most oil-rich countries in South America and the world at large, is still experiencing political instabilities and this has led its economy to stagnate. The traditional (fiat) currency bolivar has lost value due to the hyperinflation that hit the country, this has forced its citizens to massively store their wealth in crypto currencies such as petro, Bitcoin, Ethereum, Ripple and others.
Feb 26, 2019 at 20:00
10% p.a. in Savings Accounts in Offshore Banks Aidos Kuneen
A few days ago, the media reported a thousand frozen accounts of Chinese citizens by the Spanish BBVA bank. In today's world, offshore banking is widely used by people around the world and is a good alternative if a man does not want to rely only on the situation in the resident country. Many people use offshore accounts to reduce political risk in their own country. The size of the offshore market is around 32 trillion dollars.
16 Cryptocurrency Exchanges have Obtained a License in Venezuela
As the pre-sale period for the country’s digital currency Petro finished, the President of Venezuela, Nicolas Maduro has announced the project collected more than 3 billion dollars. He has also certified 16 crypto exchanges, hoping they will add the Petro to their trading lists.