Venezuela could hold BTC and ETH in its international reserves

2019-9-29 19:35

The Central Bank of Venezuela is exploring whether to hold Bitcoin and Ethereum in its international reserves. The cryptocurrencies would be used to circumvent international sanctions and pay state-run oil company debts, the report revealed.

Circumventing sanctions with Bitcoin Apart from the political upheaval brought on by contested president Nicolas Maduro, Venezuela has been struggling […]

The post Venezuela could hold BTC and ETH in its international reserves appeared first on CryptoSlate.

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Источник: cryptoslate.com

venezuela international → Результатов: 31

Venezuela Considers Counting Its Bitcoin and Ethereum Holdings Towards International Reserves

Venezuela could also use its crypto riches to fill up the dwindling foreign reserves

2019-9-26 19:11
venezuela reserves riches crypto fill foreign dwindling

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Venezuela Bitcoin Trading Hits All-Time High Amid Insane 1,000,000% Inflation Projection

The number of Venezuelan Bolivars that were exchanged for Bitcoin last week hit a new all-time high as the International Monetary Fund (IMF) projected that Venezuela will experience the world’s highest inflation rate in 2019.

2019-8-5 15:09	Venezuela
bitcoin inflation all-time venezuela high bolivars exchanged

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Venezuelan Government Accused of Using Bitcoin to Bypass US Sanctions

Nicolás Maduro and the United Socialist Party of Venezuela have been accused of circumventing financial blockades imposed by the U. S. government. According to local reports, Maduro’s regime evades sanctions with cryptocurrency alongside an airline application called Jetman Pay.

2019-7-26 23:15
bitcoin sanctions government accused jetman pay airline

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What the Venezuelan crisis teaches us about cryptocurrency privacy

Amidst hyperinflation, a leadership crisis, and international interference, Venezuela’s crisis has come to represent the failings of modern finance and highlights how cryptocurrency could reshape it.

2019-5-28 17:42	Technology
crisis cryptocurrency venezuela privacy teaches venezuelan back

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What the Venezuelan crisis teaches about cryptocurrency privacy

2019-5-27 17:42	Technology
crisis cryptocurrency venezuela privacy teaches venezuelan noughties

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Russia will launch gold stablecoin – following Iranian PayMon (PMN)

Russia under the press of stifling international sanctions is looking for ways to conduct international settlements. A variant with crypto is being considered – this is reported by the Russian state news agency TASS with reference to Elvira Nabiullina, the head of the Bank of Russian.

2019-5-25 14:02	Venezuela
international russian russia following agency tass reference

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Can Bitcoin Help The Venezuela Crisis As Country Pawns Off Gold, Petro Dollar Slides Further Down

Could Bitcoin Help Venezuela Crisis? According to the International Organization for Migration, a long period of serious political instability and economic crisis has caused the largest Latin American emigration seen in recent times from Venezuela.

2019-5-20 19:01	Bitcoin Innovation
venezuela crisis country according international bitcoin help

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Venezuela President Urges Investors To Buy Petro As Citizens Prefer Bitcoin

The president of Venezuela has issued an open call for foreign investors to buy up the country’s notorious state-issued cryptocurrency, despite international sanctions. Maduro ‘Welcomes’ Petro Buyers On April 25, Nicolas Maduro stated that overseas cash was needed to shore up Venezuela’s failing economy.

2019-4-25 19:00	Venezuela
venezuela petro buy president maduro investors live

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DASH Community Says NO to Venezuelan Proposals

The Dash ecosystem in Venezuela is not going through a good time, and despite being one of the country’s most popular cryptocurrencies, the recent scandals surrounding Dash Venezuela and Dash Merchant Venezuela caused the international.

2019-4-5 05:35
dash venezuela says community proposals venezuelan caused

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Venezuelan Economic Professor Shares Passion Behind Cryptocurrency Advocacy in Spite of Bolivars Uselessness

As many of our readers are probably well aware of, the South American nation of Venezuela is currently in the midst of its worst ever financial crisis— with inflation rates currently at an all-time high due to a host of international economic sanctions that have been levied against the nation. As a result of all […]

2019-3-11 19:42	News
nation economic currently high all-time financial crisis

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JP Morgan to Launch its Own Dollar-Backed Cryptocurrency JPM Coin

JP Morgan will be launching the JPM coin, a dollar-backed token to be used for international transfers, securities transactions and the replacement of dollars for large firms, CNBC reported on February 14, 2019.

2019-2-14 21:00
coin firms jpm cryptocurrency dollar-backed morgan venezuela

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Maduro’s Master Plan for Venezuela: Swapping 29 Tons of Gold for Euros with the UAE

Venezuela is moving a shipment of 29 tonnes of gold, worth approximately 1 billion Euros or 1. 2 billion dollars, to the United Arab Emirates for sale. UAE will pay cash Euros for the trade, which has riled US officials currently engaged in dethroning Socialist President Nicolas Maduro.

2019-2-2 20:15	News
euros gold uae maduro venezuela trading billion

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Venezuela Denied Access to Overseas Gold: This is Why Bitcoin is Important

As part of an international effort to wrest power from Nicolas Maduro in Venezuela, the Bank of England has denied the nation access to gold deposits stored with the institution. Such instances highlight just why a permissionless store of value like Bitcoin is important on both the global and personal level.

2019-1-26 02:00	Venezuela
bitcoin venezuela important access denied gold overseas

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Venezuela’s National Cryptocurrency Petro Has Yet To Show Itself As Useful

Venezuela’s Cryptocurrency Has Yet To Show Its Useful One of the most interesting things that the cryptocurrency market experienced this year was the creation of the first national virtual currency called Petro.

2018-12-28 04:29	News
venezuela cryptocurrency useful petro national yet show

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Venezuela to Use Petro Cryptocurrency in International Oil Trade

The government of Venezuela recently announced the intended sale of its oil using the Petro cryptocurrency to circumvent U. S economic sanctions come 2019. Circumventing U. S. Sanctions According to Venezuela-based satellite tv, TeleSUR, Venezuelan President, Nicolas Maduro announced that country would create a basket of cryptocurrency for oil-backed state cryptocurrency, Petro.

2018-12-8 12:14
cryptocurrency oil petro venezuela announced sanctions using

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Cryptos Gain Adoption Amid Venezuela’s Economic Turmoil

Life in Venezuela is anything but. Last year, the South American nation of 32 million led the world with 652% inflation and this year the economic turmoil is even worse. As of September 2018, the annual inflation was estimated at 200,000% and International Monetary Fund (IMF) said it could spike to a mindboggling 1,000,000% by December.

2018-10-10 22:30	Venezuela
venezuela dash crypto people adoption turmoil maduro

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Venezuela Makes Petro Crypto a National Currency, Publishes New Whitepaper

Venezuela’s president Nicolas Maduro has made several claims regarding his country’s digital currency this week. He announced the launch of the petro as a national currency on Monday, reportedly claiming that it is already “present in the world’s six topmost international exchange houses.

2018-10-4 08:45	whitepaper
currency petro new whitepaper national venezuela crypto

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Regulatory News Have Biggest Impact On Crypto Prices: Report

When media outlets report regulatory news such as bans on crypto (think China, Venezuela and South Korea) and treatment of initial coin offerings (ICOs) under securities laws (think U. S. ), these have the greatest negative effect on valuations, according to Sept.

2018-9-25 17:30
crypto report prices regulatory think biggest impact

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Dash Text Enables Remittance via SMS to Turn Venezuela Into a ‘Dash Nation’

Dash Text, an SMS-operated mobile application, has just launched in Venezuela and is aimed at enabling easy remittance in the DASH cryptocurrency. As Venezuela suffers from strict international sanctions and its national currency, the Bolivar, is being diluted on a daily basis, transactions and cross-border payments have become extremely cumbersome.

2018-9-24 16:59	Cryptocurrency
dash venezuela remittance blockchain cryptocurrency transactions turn

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Venezuela’s useless Petro cryptocurrency will hit international markets in October

Venezuelan President Nicolsic] will enter the streets to become a means for commodity exchange, purchase and convertible currency for the whole world,” Maduro said (via Sputnik News). Maduro has been pushing the Petro for some time.

2018-9-21 15:35	hard fork
maduro petro use conducting housing homeless declared

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Venezuela to Adopt Controversial Petro Token in Global Trade

Venezuela's president is ordering the use of the petro in international trade, despite doubts the token will be widely accepted.

2018-9-21 12:30
trade venezuela token petro despite accepted international

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An Update Venezuela’s Petro, It’s Looking Worse Than We Thought

The oil-backed Petro, Venezuela’s own sovereign cryptocurrency has hit headlines very recently after authorities in Venezuela announced they would be using the Petro as a tether to the Bolivar, the Venezuelan FIAT currency that is currently struggling under hyperinflation.

2018-8-22 16:30	Cryptocoins
venezuela petro per cent update worse looking

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Bitcoin Magazine’s Week in Review: ETFs and Expansions

ETF’s are back in the news this week with the Winklevoss twins of Gemini getting rejected again, while investment firm Direxion was delayed till September on a final decision.

2018-7-30 18:41
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P2P Markets Report: Latin American and Hungarian Volume Surges

Latin American peer-to-peer (P2P) markets have seen an influx of volume in recent weeks, with the Localbitcoins markets of Argentina, Brazil, and Venezuela posting significant spikes in volume. In other news pertaining to international P2P markets, the Hungarian Localbitcoins markets produced near-record volume in recent weeks, whilst Canada’s recent surge in volume appears to have […] The post P2P Markets Report: Latin American and Hungarian Volume Surges appeared first on Bitcoin News.

2018-7-17 04:55	volume
markets volume p2p latin recent hungarian american

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Major Think Tank Envisions a Bright Future for Cryptocurrency in Venezuela

Addressing the financial situation in Venezuela will pose many challenges. Cryptocurrencies are still in the best position to make a meaningful impact in this regard. The Center for Strategic and International Studies is thinking along the same lines.

2018-7-13 17:00	Venezuela
venezuela financial cryptocurrencies same along thinking strategic

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Cryptocurrencies Provide Humanitarian Aid to Conflict-Ridden Venezuela

The appalling economic crisis in Venezuela serves as a robust litmus test of peer-to-peer digital currency transfer mechanisms. Ongoing crypto aid efforts must be encouraged to help a “dire humanitarian situation.

2018-7-13 06:00	Venezuela
aid cryptocurrencies venezuela humanitarian provide conflict-ridden center

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Think tank urges crypto holders to spend coins to aid humanitarian causes and stop dictators

The Center for Strategic and International Studies, a DC based think tank is urging cryptocurrency holders around the world to spend their coins to undermine authoritarian dictatorships such as the one in in Venezuela under Nicolas Maduro.

2018-7-13 23:10	News
spend coins holders tank think dictators stop

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Follow the EatBCH Model And Send Aid to Venezuela Through Crypto Says Washington Based Think Tank

The Center for Strategic and International Studies, an influential centrist Think Tank based in Washington, has suggested cryptos can be used to get aid directly to those in need in... The post Follow the EatBCH Model And Send Aid to Venezuela Through Crypto Says Washington Based Think Tank appeared first on Trustnodes.

2018-7-13 16:31	News
washington think tank based aid venezuela follow

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EU’s Report on Cryptocurrencies: Says Officials “Should Not Ignore” Them

The EU’s Policy Department for Economic, Scientific and Quality of Life Policies released a report entitled “Virtual currencies and central banks monetary policy: challenges ahead.

2018-7-3 23:28	Adoption
report vcs cryptocurrencies cryptocurrency currencies monetary should

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Venezuela: Record Bitcoin Buying Spree Continues Amid Hyperinflation

Hyperinflation is rampant in Venezuela as bitcoin trading volume keeps hitting new records each week. Meanwhile, authorities are scratching their heads on how to rein in the burgeoning, albeit underground industry, including attempts to crackdown on the importation of cryptocurrency mining equipment.

2018-6-22 03:00	Venezuela
venezuela bitcoin hyperinflation continues spree amid record

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2019-9-29 19:35

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