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Nalezeno "Venezuela": 597

Going Crypto Makes Sense for Elon Musk’s X

14.8.2023
While X, the platform formerly known as Twitter, has made a turn to share some of its earnings with its users, the lack of a genuinely universal payment method – like crypto – means users of countries such as Russia and Venezuela are excluded from getting these benefits, disrupting Elon...

Venezuela Presents Official Request to Join BRICS

5.8.2023
The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part...

Sun Sets on Venezuela’s Petro – Is the State-backed Crypto Now ‘Dead?’

4.7.2023
The sun may have set on Venezuela’s crypto dream, experts say – with some claiming that the nation’s oil-pegged Petro coin may be “dead.” The coin was launched in October 2018, and made headlines when its masterminds claimed it was the first state-backed cryptoasset. The government said that...

Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push

24.6.2023
The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being...

Venezuela's Cryptocurrency Mining Ban Damages Industry Maduro Once Supported

22.6.2023
Venezuela’s ban on cryptocurrency mining has severely damaged the industry that President Nicolás Maduro once supported.  Back in March, the state regulators ordered a halt on mining cryptocurrencies after an investigation into a corruption scheme in which crypto wallets redirected payments owed...

IMF Working on Platform to Support CBDC Cross-Border Interoperability

21.6.2023
The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

16.6.2023
According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion...

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