カテゴリー: Venezuela

Major Venezuelan Department Store Chain Accepts Cryptocurrency

The people of Venezuela have been forced to cope with an increasingly difficult economic situation in recent years. This has led to a loss of trust in government-issued fiat by the population in a way that many believe exemplifies the need for cryptocurrency. This may account for why a major Venezuelan department store chain accepts […]

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Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This Year

Venezuela: Petro Can Be Converted Into Any Cryptocurrency If Bought This YearThe Venezuelan government has announced that its national digital currency, the petro, can be exchanged into any cryptocurrency if purchased this year. However, the wallet for the petro is still not available and petro buyers receive certificates of purchase. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space ‘Special Period’ Venezuela’s president, Nicolas Maduro, visited […]

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Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin America

Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin AmericaThe Bitcoin Cash Association (BCA) and Spendbch.io recently started a bounty to spread bitcoin cash (BCH) merchant acceptance in several Latin American countries. On Nov. 11, the BCA announced that more than 250 new businesses in Venezuela and Colombia are now being on-boarded to accept bitcoin cash. Also read: Qart Wallet Gives Bitcoin Cash QR […]

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Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin America

Bitcoin Cash Association Bounty Spreads Merchant Adoption in Latin AmericaThe Bitcoin Cash Association (BCA) and Spendbch.io recently started a bounty to spread bitcoin cash (BCH) merchant acceptance in several Latin American countries. On Nov. 11, the BCA announced that more than 250 new businesses in Venezuela and Colombia are now being on-boarded to accept bitcoin cash. Also read: Qart Wallet Gives Bitcoin Cash QR […]

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ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Evade US Sanctions

ECB Shuts Down Maltese Bank Over Schemes to Launder Money and Avoid US SanctionsMalta’s Pilatus Bank has been shut down by the European Central Bank (ECB). Its banking license was revoked after its chairman was charged in the U.S. with money laundering and organizing a scheme to evade U.S. sanctions. The bank had also been accused by a murdered journalist of processing corrupt payments. EU authorities now want new […]

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The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for Cryptoassets

The Daily: Cryptocurrencies on the Davos Agenda, FINMA Issues Rules for CryptoassetsIn this edition of The Daily, we look at the decision to add cryptocurrencies as a topic of discussion at the next World Economic Forum in Davos. We also focus on the latest recommendations on digital assets by Switzerland’s financial regulator, as well as a Venezuelan state’s plans to use the petro in cross-border trade with […]

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Venezuela’s Supreme Court Orders Payment in National Cryptocurrency

Venezuela's Supreme Court Orders Payment in National CryptocurrencyVenezuela’s Supreme Tribunal of Justice has ordered a compensation payment of 266 petros, the country’s national cryptocurrency, in a workplace injury case. Meanwhile, the Venezuelan government has launched the petro savings plan, backed by 4 million of the digital currency. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Venezuela’s Supreme Court Recognizes Petro The […]

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Venezuela Begins Public Sale of National Cryptocurrency Petro

The Venezuelan government has opened up an exchange desk for the country’s national cryptocurrency at the headquarters of the Superintendency of Cryptoassets. According to the government, investors can now purchase the petro with a number of fiat currencies and cryptocurrencies. Delegates from China have reportedly purchased some with yuan. Also read: Yahoo! Japan Confirms Entrance Into […]

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Bitcoin Cash Association to Fund Eatbch Charity in $1,000 BCH per Month

Bitcoin Cash Association to Fund Eatbch With $1,000 in BCH per MonthOn Oct. 24, the community-driven Bitcoin Cash Association announced a new initiative where $1,000 worth of bitcoin cash will be sent to the two Eatbch campaigns in Venezuela and South Sudan every month. According to the nonprofit, the $1,000 will be divided between both organizations in order to help the Eatbch crew provide a solid […]

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Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency Petro

Venezuela Authorizes 6 Exchanges to Start Selling National Cryptocurrency PetroVenezuela has authorized six cryptocurrency exchanges to start selling its national cryptocurrency, the petro, according to the government’s website. The petro, which recently became a Venezuelan national currency, can now be purchased at the six exchanges, local media report. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Six Websites Authorized to Sell Petro The […]

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