US Charges Russians, Venezuelans for Sanctions Evasion Using Cryptocurrency

US Charges Russians, Venezuelans for Sanctions Evasion Using CryptocurrencyA group of Russian and Venezuelan nationals have been charged by U.S. authorities for their roles in a scheme to circumvent Western sanctions and launder money on a global scale. They have been accused of obtaining military technologies from American companies, smuggling oil, and disguising money flows for Russian oligarchs through shell companies and crypto […]

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Venezuela Bets on De-Dollarization After Foreign Currency and Crypto Tax Is Applied

venezuelaThe government of Venezuela is now focusing its action on trying to establish the bolivar as the go-to currency for purchases in the country. According to several economists, this might be a risky bet in a country that has just exited hyperinflation and still suffers high levels of inflation. However, the establishment of a 3% […]

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A Look at Why Venezuela Is the Third Country With the Most Crypto Adoption

A Look at Why Venezuela Is the Third Country With the Most Crypto AdoptionVenezuela has been listed as the third country with the most cryptocurrency adoption in the world by Chainalysis in its 2020 report. With its citizens coping with crippling inflation and losing purchasing power, the country has taken a turn for these assets to survive. But what are the real numbers behind this crisis that made […]

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Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US Sanctions

Venezuelan Crypto-Friendly Freelancing Platform Emerges Amid Economic Crisis, US SanctionsMore cryptocurrency solutions keep appearing on the scene for Venezuelan residents as U.S. sanctions weigh on Nicolás Maduro’s government, including heavy restrictions on the circulation of foreign exchange transactions, driving people to find on crypto a way to circumvent such hurdles and the economic crisis. Venezuelan Freelancers Find Ways to Circumvent U.S. Sanctions by Using […]

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Online Data Analysis Points to Venezuela Accepting BTC for Passports

Online Data Analysis Points to Venezuela Accepting BTC for PassportsDuring the last week, a number of bitcoiners have been discussing Venezuela’s Administrative Service for Identification, Migration, and Foreigners, also known as SAIME accepting bitcoin payments for passport applications and renewals. A number of crypto journalists couldn’t confirm whether or not it is true, but evidence shows that SAIME was and still might be accepting […]

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Over 200 Venezuelan Taxis Discover the Benefits of Bitcoin Cash

The Benefits of Bitcoin Cash Shown to Over 200 Venezuelan TaxisA man named Oscar Salas recently spoke about his quest to spread bitcoin cash (BCH) adoption on episode 34 of the Bitcoin Cast show. Salas explained in great detail how he is a passionate BCH supporter and the organizer of the Maracaibo city BCH meetup. Following his interview a few days later, Salas and his […]

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Distrust of the Bolivar Prompts Venezuelans to Seek Sound Money

Venezuelans Don't Trust Their Currency - They Want Something Else, Says ActivistThere’s a small team of committed researchers and activists called the Ryver Bitcoin Cash group surveying Venezuelans, and giving them educational resources about the benefits of bitcoin cash. The Venezuelan country has been suffering from rapid inflation and many people distrust the sovereign bolivar. Unfortunately, most Venezuelans are not getting any exposure to digital currency […]

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Panda Group’s Crypto Terminals Offer Venezuelans a Bridge to Economic Prosperity

Arley Lozano, founder of the cryptocurrency based startup Panda Group, recently explained how his firm is spreading cryptocurrency adoption throughout Colombia and Venezuela. Panda Group has deployed 10 hybrid cryptocurrency point-of-sale (PoS) terminals that also act as automated teller machines (ATM). Four of the machines are situated near the border of Venezuela, giving refugees from […]

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Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin Cash

Hotels and Realtors in Venezuela’s Historic Cumaná City Accept Bitcoin CashFor years Venezuelans have been surviving the harsh economic climate of their country, beset by hyperinflation and political instability. Small businesses have been hit the hardest. But even in these difficult conditions, the ingenuity and hard work of Venezuelan entrepreneurs has allowed them to provide food for their families and services to their communities. Many […]

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Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin Cash

Venezuelan Mining Parts Supplier Coincoin Now Accepts Bitcoin CashVenezuela is among those nations where cryptocurrencies enjoy faster adoption. The South American country suffers from a political and economic crisis causing hyperinflation of the national fiat, the bolivar. Coincoin, a mining equipment supplier based in Caracas, is one of many Venezuelan businesses that have decided to accept cryptocurrencies. Bitcoin cash (BCH) is now among […]

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