Video Digest, April 10: Antigua and Barbuda to Launch Crypto Exchange, Russia Accepts Petro

Apr 10, 2018 at 12:03 // News
Author
Coin Idol

- Antigua and Barbuda to Launch a Cryptocurrency Exchange
- Russia Accepts Payment for Goods from Venezuela in Petro Coin

Antigua and Barbuda to Launch a Cryptocurrency Exchange

The government of Antigua and Barbuda is eager to set up the first cryptocurrency exchange in the country. The project is expected to boost wealth and economic growth of the nations financial market. The appropriate legal framework is soon to come, local news outlet the Daily Observer reported.

The authority is expected to adopt appropriate legislation regulating the financial technology. The main aims are generating additional income for the treasury and making the country more prosperous financially. The crypto currency exchange is promised to be free from taxation for the budget of the country.    

The countrys minister for Information Technology Melford Nicholas stated that “Antigua and Barbuda are much focused on being on the cutting edge of the system of wealth creation.”

Russia Accepts Payment for Goods from Venezuela in Petro Coin

Venezuela will pay the Russian Federation for providing automotive parts in its own digital currency, the Petro, according to the Venezuelan minister of foreign trade. Probably, the relations between two countries will not be limited to just auto parts trading.

Trade Ministry Jose Vielma Mora said that "[The issues of cooperation] include the purchases of automotive parts and components, of tires and batteries, as well as assembling of these vehicles in our country and the forms of payment, in which we include the payments with the use of Petro."

During the last international commission between two countries, Russia pointed out its interest in exporting from Venezuela other products too, including steel, aluminum, coffee, and cacao.

Venezuelan President Nicolas Maduro called the Petro the financial technology which puts his country at the forefront of the global financial market.