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Acknowledging Venezuela’s efforts to deal with inflation and sanctions by creating a state-issued cryptocurrency, Russian officials have nevertheless declined a proposal to use the oil-backed coin in bilateral trade. According to Russian media, Moscow has recently offered Caracas a set of measures aimed at mending the country’s economy but the petro is not among the … Read more
Venezuela has filed a complaint with the WTO that the U.S. imposed “discriminatory measures” against its national digital currency, the Petro Go to Source Powered by WPeMatico
Venezuelan government’s official newspaper has published a decree that allows the authorities to tax operations with cryptocurrency and foreign fiat Go to Source Powered by WPeMatico
The Venezuelan government has published a decree requiring taxpayers with crypto operations in the country to pay their taxes in cryptocurrencies. Similarly, operators of foreign currencies must pay their taxes in those currencies. The decree states that the change is necessary for the “strengthening of the current fiscal regime.” Also read: Indian Supreme Court Moves Crypto Hearing, … Read more
Completing a project to build 3 million homes for its suffering population is the next big initiative Venezuela wants to finance with its digital currency, the petro. The socialist government in Caracas says there is enough money and materials to fulfill the main objective of the “Great Housing Mission.” Also read: Crypto-Friendly Statesman Takes Over Swiss … Read more
An Indian cryptocurrency exchange, which is now live in 45 countries, reports that it is “seeing immense enthusiasm and buyer activity in Venezuela,” a spokesperson for the exchange told news.Bitcoin.com. Compared to other countries, “Venezuelans are looking more at the longer-term yield of bitcoin.” Also read: Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive … Read more
Cryptocurrencies started gaining significant mainstream attention in 2017 and speculation brought coin values to unseen levels, before quickly deflating. Now, after a decade, it seems this technology is entering a new era that can actually move past speculation to embrace real-world utility. The only way this feat will be accomplished, however, is by offering a … Read more
Bitcoin has a substantial liberating potential, particularly important to people living under oppressive regimes, mainstream newspaper Time reported Go to Source Powered by WPeMatico
Mineable and tradable from anywhere, cryptocurrency is borderless. Its adoption nevertheless hinges in part upon the stance taken by nation states. Politicians have the power to integrate, legitimize and push crypto to the next stage of mainstream adoption. A number of influential politicians around the globe have expressed varying levels of support for digital currencies and blockchain … Read more
Venezuelan President Nicolas Maduro has been tirelessly promoting the petro, ever since his administration announced the creation of what is now considered the first state-issued cryptocurrency. Although no one is really sure whether the coin actually works, Venezuelans have already seen their salaries denominated in the national crypto and their pensions converted to petro. Imposing … Read more
