Venezuela bans crypto mining to protect power grid
[May 19 2:08 AM] This move follows a recent crackdown that involved confiscating 2,000 cryptocurrency mining devices as part of an anti-corruption initiative.
2 / 4 Relevant items tagged with #Venezuela
Posts: 101
Posts
Latam Insights: Venezuela to Leverage USDT for Sidestepping Sanctions, Chivo Wallet Disregards Hacking Allegations
[Apr 29 1:11 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Venezuelan oil company PDVSA could use USDT to sidestep U.S. sanctions, Chivo Wallet denies hacking…
Tether Will Freeze Wallets Evading Venezuelan Sanctions
[Apr 24 12:31 AM] Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
Venezuela Looks to Tether to Bypass Sanctions: Reuters
[Apr 22 10:54 PM] Venezuela's state-run oil company started experimenting with Tether in 2023.
Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners
Venezuelan Probe Unveils Crypto Money Laundering Scheme Linked to Oil Sale Embezzlement; Kraken Involved
[Apr 11 11:36 PM] The Venezuelan Attorney General, Tarek William Saab, unveiled the second wave of detentions linked to a crypto money laundering scheme derived from unregistered oil sales paid in different currencies and crypto. The former president of the…
Latam Insights: El Salvador Reinforces Its Bitcoin Allegiance, Milei Drops Crypto From Omnibus Bill
[Feb 4 6:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: El Salvador to deepen its Bitcoin commitment if President Bukele gets reelected, Argentine President Javier…
OFAC Blocks Venezuelan Gold Business, Warns About Upcoming Oil Sanctions
[Feb 2 11:30 AM] The Office of Foreign Assets Control (OFAC) has revoked the license of Minerven, the Venezuela-owned gold company, for commercializing gold in international markets. The sanctions on Minerven, which were eased in October, will be applied again on…
Latam Insights: Argentina’s MIlei Blasts Collectivism at Davos, Venezuelan Petro Still Alive
[Jan 22 1:00 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Argentine President Javier Milei warns about the dangers of collectivism at Davos, the Venezuelan petro is…
Venezuela Ends Controversial Petro Cryptocurrency: Reports
[Jan 15 1:59 AM] Venezuela is ending its Petro cryptocurrency on Monday, more than five years after it was first launched, according to multiple reports.
Latam Insights: Bukele Frontrunned Blackrock’s Bitcoin ETF Move, Bitcoin Lease Contracts in Argentina
Latam Insights: Solana Expands to Brazil, Tether Seeks to Expand in Venezuela
[Jan 8 4:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Solana announces its expansion to Brazil, Tether seeks to expand in Venezuela, and Bitcoin Argentina…
Venezuelan Attorney General Alleges Exxonmobil Financed Opposition to Essequibo’s Ballot With Cryptocurrency
[Dec 8, 2023 2:30 PM] Tarek William Saab, the Venezuelan attorney general, stated that Exxonmobil, a U.S.-based oil and gas company, used intermediaries and cryptocurrency to finance actions against the ballot where Venezuelans were consulted about their position on the…
Latam Insights: Argentine Digital Currency Bill to Be Introduced ‘as Soon as Possible,’ Bitfinex Free P2P Exchanges
Venezuela extends reorganization shutdown of crypto agency to March 2024
[Sep 26, 2023 5:48 AM] The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.
Latam Insights: Bitcoin Farm Found at Venezuelan Jail, Bill Protecting Crypto From Seizure Advances in Brazil
[Sep 25, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: a Bitcoin mining farm is discovered during a raid on a Venezuelan jail, a bill that protects crypto from…
Binance excludes Banco de Venezuela from P2P payments
[Aug 29, 2023 4:28 AM] Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.
Venezuelan President Nicolas Maduro Calls for De-Dollarization of the Global Economy
[Aug 28, 2023 1:30 AM] Nicolas Maduro, the president of Venezuela, has called to de-dollarize the global economy due to the difficulties the current system brings to emerging countries affected by U.S. sanctions. In a message directed to the BRICS leaders, Maduro called…
Latam Insights — Honduras Opens Public CBDC Consultation, Venezuela Applies to Enter BRICS
[Aug 6, 2023 11:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Honduras opens a central bank digital currency (CBDC) consultation, Venezuela applies officially to join…
Venezuela Presents Official Request to Join BRICS
[Aug 5, 2023 1:30 AM] 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…
Latam Insights — Argentina Reaches IMF Agreement, Bitfarms to Open New Mining Operations in Paraguay
[Jul 25, 2023 5:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina reached a new agreement with the International Monetary Fund (IMF), Bitfarms will open two…
Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention
[Jul 17, 2023 11:30 PM] The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal…
Latam Insights — Bolivia Calls for De-Dollarization, Reserve Drops Fiat Services
[Jul 10, 2023 2:30 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Bolivian President Luis Arce calls for de-dollarization at the Southern Common Market Summit, Reserve drops…
Latam Insights — Argentina Settles IMF Payment in Yuan; Brazilian CBDC to Be Launched in 2024
[Jul 3, 2023 2:00 AM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, Argentina settles part of its $44 billion debt with the International Monetary Fund (IMF) using the Chinese…
Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela
[Jun 29, 2023 10:00 AM] The approval does not absolve Rpay of its compliance duties, but does eliminate the growing compliance risk, the company said.
Bitfinex launches P2P trading platform in Venezuela, Argentina and Colombia
[Jun 27, 2023 1:30 PM] The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.
Latam Insights — IMF States Latam’s CBDC Interest Rises, Lula Emphasizes Bretton Woods Institutions ‘No Longer Function’
[Jun 25, 2023 7:30 PM] Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue, the International Monetary Fund (IMF) reports interest in central bank digital currencies (CBDC) in Latam…
Bitcoin sees new all-time highs in 3 countries as BTC price pokes $31K
[Jun 25, 2023 1:52 AM] Bitcoin price strength across the board continues into a weekly close that analysis says should stay above $30,000.
Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push
[Jun 24, 2023 3:30 PM] 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…
IMF Working on Platform to Support CBDC Cross-Border Interoperability
[Jun 20, 2023 11:30 PM] 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…