Materials by tag Venezuela

Jul 28, 2019 at 12:44
Venezuela Turns Tax Revenues into Bitcoin to Bypass Sanctions
The government of Venezuela has allegedly been spinning airport tax revenues into Bitcoin (BTC) and virtual currency to sidestep international sanctions. From the research made by a Spanish newspaper ABC, the President of Venezuela Nicolas Maduro plus his working admin are allegedly exploiting a virtual currency wallet application to spin tax revenue into popular digital assets, and then traded on cryptocurrency exchanges in different countries including China, Iran, Hungary, Russia, etc.
Jul 06, 2019 at 12:02
Nicolas Maduro Forces Banco de Venezuela to Accept Petro
President Nicolas Maduro of Venezuela, issued an order to Banco de Venezuela (BDV), a global financial institution based in Caracas, to begin accepting the Petro (PTR), the country’s popular oil-backed digital currency. Through the Minister of Finance, the President told the country’s third market leader with a market share for deposits of more than 11.2%, to begin allowing Petro cryptocurrency in all of its functioning branches.
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.
Jan 14, 2019 at 13:43
Venezuela Seeks Intervention by World Trade Organization Regarding U.S Sanctions on Petro
Venezuela officially launched a complaint with the World Trade Organisation (WTO) on Tuesday, January 8, 2019, arguing that the current United States (U.S) sanctions on the nation violate a series of WTO rules and regulations.
Oct 09, 2018 at 14:43
Venezuelans Government Forces Citizens to Use Petro While Buying Passports
In a struggle to dock and behedge an exodus from the nation, the government of Venezuela has made it very difficult to get passports with bolivars.
Jul 07, 2018 at 10:36
Venezuela Will Finance Construction Of Villas For All Homeless Using The Oil-backed Crypto, Petro
lldemaro Villarroel, minister for Habitat and Housing, disclosed that the government of Venezuela is preparing to use its oil-backed crypto, the Petro, in order to finance the construction of villas.
May 02, 2018 at 17:50
Video Digest, May 2: Iran to Create Cryptocurrency, Mastercard to Sync Blockchain, Abu Dhabi Suggests New Regulatory Framework, Venezuela Licensed 16 Crypto Exchanges
Burning topics of today: Iran to Create Its Own Cryptocurrency, Mastercard to Sync Blockchain Data by a Fast Track Method, Abu Dhabi Suggests New Regulatory Framework for Cryptocurrency Exchanges, and Venezuela Licensed 16 Crypto Exchanges
May 01, 2018 at 13:39
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.
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