Sanctions

Cryptocurrency Mastercard or Visa Cards: How to Use Them and Not Face KYC Sanctions
Apr 26, 2021 at 11:00
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Cryptocurrency Mastercard or Visa Cards: How to Use Them and Not Face KYC Sanctions
Cryptocurrency cards are the modern way to spend bitcoins for purchases even if the vendor doesn’t accept cryptocurrency directly. However, users worldwide face multiple issues while using these crypto cards, including the inability to pay everywhere, bad customer service, bad exchange rates, high fees, and even closed or frozen accounts with money lost.
Venezuela Applies Cryptocurrency-Based Solutions to Bypass Sanctions
Dec 14, 2020 at 10:06
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Venezuela Applies Cryptocurrency-Based Solutions to Bypass Sanctions
Venezuela faces lots of issues due to the sanctions imposed by the United States of America against the authoritarian regime of President Nicolas Maduro. Therefore, its citizens face the need for tools and ways that would allow them to circumvent the economic crisis in the country.
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Jun 03, 2020 at 12:58
News
Venezuela Deliberately Reduces Oil Prices in Effort to Boost Petro
Venezuela has been pressing different knobs to find the right answer to save its struggling crypto, the Petro.
Iran to Apply Currency Smuggling Laws to Cryptocurrency Transactions
May 23, 2020 at 14:52
News
Iran to Apply Currency Smuggling Laws to Cryptocurrency Transactions
The Iranian government has expressed its intention to apply the ‘Prevention of Commodity and Currency Smuggling’ to cryptocurrency transactions.
Venezuelans Will be Able to Shop Using Bitcoin and other Cryptocurrencies
May 20, 2020 at 14:31
News
Venezuelans Will be Able to Shop Using Bitcoin and other Cryptocurrencies
The economically struggling South American country and a strong supporter of crypto as a means of payment will see over 20,000 merchants recognize bitcoin and other cryptocurrencies as legal tender for shopping come June.
Can Cryptocurrency Mining Save Iran from the US Sanctions?
May 08, 2020 at 14:39
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Can Cryptocurrency Mining Save Iran from the US Sanctions?
Iran, a country badly hit by US economic sanctions, now looks to crypto and blockchain technology investments as an alternative. Namely, it creates really favourable conditions to boost its cryptocurrency mining industry and attract companies from all over the world.
US Charges Venezuelan President with Using Cryptocurrency to Hide Illicit Drug Transactions
Mar 30, 2020 at 13:44
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US Charges Venezuelan President with Using Cryptocurrency to Hide Illicit Drug Transactions
US authorities indicted blockchain and digital currency friendly president of Venezuela Nicolas Maduro and 14 other senior government administrators  with narco-terrorism and participating in conducting illegal dealings specifically drug trafficking using cryptocurrencies payments to  camouflage their tracks and circumvent sanctions.
Energy Experts Paying Keen Attention to Cryptocurrencies Amidst Heightened Oil Wars
Mar 14, 2020 at 10:08
News
Energy Experts Paying Keen Attention to Cryptocurrencies Amidst Heightened Oil Wars
Dynamics within the global energy markets could define the future of Bitcoin and other cryptocurrencies, not specifically in terms of Demand and Supply. There are ongoing wars within the oil industry largely orchestrated by the fightings between major oil producing countries.
US Sanctions Two Chinese Men for Laundering Cryptocurrencies
Mar 04, 2020 at 10:27
News
US Sanctions Two Chinese Men for Laundering Cryptocurrencies
The US Treasury Department's Office of Foreign Assets (OFAC) says it has sanctioned two Chinese nationals who laundered cryptocurrencies stolen by millions of North Korean hackers. Since the industry is still young, most cryptocurrency exchanges are under a major threat of losing their virtual currency holdings to wrong hands.
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