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The financial situation in Venezuela continues to evolve in interesting directions. While Bitcoin is still frowned upon in the country, it is also becoming more common. XPay, a cryptocurrency payment processor, is now offering its services in Colombia and Venezuela. As such, pharmaceutical goods can now be purchased with Bitcoin, assuming people are willing to … Read more
Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process. Venezuela … Read more
A Venezuelan crypto official encourages citizens to use a Petro-friendly remittances platform Go to Source Powered by WPeMatico
Venezuelan department store chain Traki to use Pundi X’s XPOS processors to offer crypto payments Go to Source Powered by WPeMatico
In a major escalation against socialist president Nicolás Maduro, Donald Trump’s administration has frozen all Venezuelan government assets Go to Source Powered by WPeMatico
Venezuelan local media reveal gov’t Bitcoin income in airports Go to Source Powered by WPeMatico
Venezuela sets new record for bolivar Bitcoin trading Go to Source Powered by WPeMatico
The recent seizure of a cargo ship owned by JP Morgan, a vessel loaded with 20 tons of cocaine according to latest accounts, highlighted the risks of banks’ involvement in illicit activities, inadvertent or otherwise. And although U.S. authorities released the MSC Gayane after the owner, JP Morgan’s asset management arm, and the operator, Mediterranean … Read more
Venezuelan P2P trade continues to flourish despite government efforts to drive adoption of the country’s controversial oil-backed cryptocurrency Go to Source Powered by WPeMatico
Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly powerful tool in shaping international affairs. As such, it is not surprising that its geopolitical rivals around the world will try to exploit the invention of cryptocurrency to take the USD down a peg. The … Read more