Crypto to bypass sanctions? Yes, says Venezuela's President Maduro

2020-10-1 19:57

The government of Venezuela has floated a new use case for cryptocurrencies, President Nicolas Maduro said during a recent speech, one that highlighted the possibility of using digital assets in tradeThe post Crypto to bypass sanctions? Yes, says Venezuela's President Maduro appeared first on AMBCrypto. origin »

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venezuela president maduro crypto says bypass yes

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President Maduro Forces Airlines to Buy Fuel Using Petro Cryptocurrency

Venezuela’s president, Nicolas Maduro, recently announced that he plans to revive the country’s oil-backed cryptocurrency Petro, which failed to attract users. Venezuela’s Petro: National cryptocurrency that failed The last several years have brought great economic difficulties for the country of Venezuela, whose native currency, bolivar, suffered a great loss of value due to extreme inflation.

2020-1-16 16:01


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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report

Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.

2019-7-26 14:02


Sudden Spike In Bitcoin’s Volume on LocalBitcoins in Venezuela is the Highest Ever

In last week alone, Venezuela has seen a sudden spike in bitcoin volume with an astounding $7 million worth of Bitcoin traded on LocalBitcoins. Trump and major U.S. allies have sought to unseat Venezuela’s authoritarian socialist president, Nicolas Maduro, and replace him with Juan Guaido, the leader of the country’s political opposition. “It could be […]

2019-2-3 22:43


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


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Real-world assets [RWA]: How to invest in Gold & Real Estate on-chain

Real-world assets (RWAs) aren’t a new idea in crypto… but they’re back in focus. They bring time-tested offerings like gold and real estate onto blockchains, allowing them to be held or transferThe post Real-world assets [RWA]: How to invest in Gold & Real Estate on-chain appeared first on AMBCrypto.

Solana at $1,000: Is the math realistic or mere hype?

Despite the much-awaited U.S spot Solana [SOL] ETF going live, the products haven’t prevented broader capital outflow from the altcoin during the crypto rout in late 2025.   Over the same perioThe post Solana at $1,000: Is the math realistic or mere hype? appeared first on AMBCrypto.

The AI agent boom: Why 'autonomous wallets' are the biggest trend of Q1 2026

The impact of Artificial Intelligence (AI) hasn’t spared the crypto industry. In fact, it looks like it’s only getting started. On the surface, the AI-crypto boom began in the late 2023-early 2The post The AI agent boom: Why 'autonomous wallets' are the biggest trend of Q1 2026 appeared first on AMBCrypto.