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The international sanctions effectively acted as an embargo isolating Venezuela economically, and Petro cannot help Maduro save the country’s economy Go to Source Powered by WPeMatico
Venezuela President Maduro has an interesting opinion on how cryptocurrencies will work exactly. In fact, he is trying to bring more positive attention to the Petro by airdropping some to doctors helping out with the coronavirus pandemic. The Petro remains a very controversial cryptocurrency project. Petro Airdrop Won’t Make Much Difference Its value is seemingly … Read more
Venezuela’s President Nicolas Maduro has announced that he is airdropping cryptocurrency to every doctor in his country as a token of appreciation for their work to combat the coronavirus outbreak. The national cryptocurrency, the petro, will be distributed via the Homeland card (Carnet de la Patria). Also read: IMF Declares Global Recession, 80 Countries Request … Read more
Venezuelan doctors will receive one Petro each as a bonus, even as hospitals face widespread shortages of vital resources Go to Source Powered by WPeMatico
The economic crisis may lead to a more decentralized world, in which blockchain technology can thrive, says Zetlin-Jones. Does the ongoing QE impact the crypto industry? Go to Source Powered by WPeMatico
Venezuelans are facing slow internet times, which could make crypto trading difficult Go to Source Powered by WPeMatico
Charges against Maduro and other Venezuelan heads don’t involve crypto directly, three different lawyers say Go to Source Powered by WPeMatico
What obstacles would national digital currencies face, and are there any benefits to launching them? Go to Source Powered by WPeMatico
In this roundup, we cover crypto regulatory developments amid the global crisis effected by the coronavirus outbreak, bank closures, interest rate cuts, and plunging stock markets. Through it all, governments worldwide are still focusing on cryptocurrency regulation, including the U.S., South Korea, India, and Russia. Also read: Bitcoin Legal in India — Exchanges Resume INR … Read more
In order to combat the coronavirus outbreak in Venezuela, President Nicolás Maduro has ordered the entire country to quarantine themselves. With an inflation rate that rises more than 10,000% per year, the country’s citizens have already been dealing with economic turmoil. Maduro has also shut down the national banking system and regional authorities banned gasoline … Read more
