Venezuelan P2P trade continues to flourish despite government efforts to drive adoption of the country’s controversial oil-backed cryptocurrency
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 […]
The post Global Crypto War Is Heating up – Iran Next in Line With Its Own Gold-Backed Coin appeared first on Bitcoin News.
Because of an order emitted by Venezuela’s President Nicolas Maduro, the country’s leading bank Banco de Venezuela will accept the Petro
Venezuela and Russia discuss opportunities to make mutual trade settlements in the Russian ruble, find uses for the oil-backed Petro cryptocurrency
The political tension in Venezuela has affected local cryptocurrency adoption. While there are roadblocks, many crypto-advocating projects continue to thrive in the country. News.Bitcoin.com takes a deep look at the current situation in Venezuela, crypto adoption efforts and how the recent political crisis affects them. Also read: Indian Supreme Court Postpones Crypto Case at Government’s […]
The post Crypto Adoption Remains Strong in Venezuela Amid Political Chaos appeared first on Bitcoin News.
Last February, news.Bitcoin.com first reported on the Venezuelan cryptocurrency the petro (PTR) launched by President Nicolas Maduro. Initially, many media reports assumed the digital currency might be phony or nonexistent. However, recent data from a few exchanges and from Venezuelans trading the asset on social media suggests the nation-state issued cryptocurrency is quite real and […]
The post OTC Groups and State-Sanctioned Exchanges Start Trading Venezuela’s Petro appeared first on Bitcoin News.
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Moscow-based Evrofinance Mosnarbank. The Russian bank was allegedly involved in Venezuela’s attempts to bypass financial sanctions using the petro. Also Read: In the Daily: Exchange to List STOs, Crypto Tax Tool for Accountants, Coinbase Updates US Sanctions Evrofinance The […]
The post US Sanctions Moscow’s Evrofinance Bank Over Involvement With Petro appeared first on Bitcoin News.
The U.S. Treasury has sanctioned Moscow-based bank Evrofinance based on its alleged financing of Venezuela’s controversial oil-backed crypto, Petro
For a while now people were skeptical about the Petro network and questioned whether or not it even existed. Many Venezuelan citizens explained over the last few months that they hadn’t seen the new asset being used in the wild. However, recent reports detail that there are a few new methods available for residents who […]
The post Maduro’s Petro Becomes More Accessible, but Scrutinized by Venezuelans appeared first on Bitcoin News.
The birth of a national Iranian digital currency has been postponed. However, blockchain remains a hot topic in the Islamic Republic of Iran, intertwined with international sanctions and the clash between conservatives and moderates