News
The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts “fully restricted” beginning Sept. 30.
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Venezuela News
Venezuela, officially the Bolivarian Republic of Venezuela, is a federal state in the north part of South America. The country has built its economy on oil, as Venezuela owns the largest oil reserves in the world. In terms of digital currencies, Venezuela was the first country to have issued its own cryptocoin. Its value directly depends on the national oil reserves. The cryptocoin, created in order to improve the country’s weak economy, was issued contrary to the parliament’s decision. The national Venezuelan cryptocurrency Petro, officially El Petro, has garnered about $735 million during the first day of the ICO launch. Despite the apparent success, the future of the Venezuelan cryptocurrency is unpredictable, as some countries, such as the USA, have already banned the use of Petro.
- News
Inflation in the eurozone soared to 5.8% in February, well above the European Central Bank’s 2% target, amid a backdrop of escalating sanctions against Russia.
2371 - New Year Special
Venezuelans tried to fight inflation this year by using cryptocurrencies on an unprecedented scale in the country.
4407 - News
Bitcoin adoption has been on the rise in Venezuela in recent years amid hyperinflation and the national currency crisis.
7384 - News
Colombia’s tax authority is tightening the screw on Bitcoin and cryptocurrency-related tax evasion against a backdrop of burgeoning cryptocurrency adoption.
3347 - Expert Take
As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation?
3017 - News
A bill that seeks to regulate the local cryptocurrency industry has passed the the Senate of Paraguay.
5225 - Interview
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions.
6534 - News
The initiative is a part of the La Guaira Digital program, which aims to fast-track growth and induce economic stability in the country.
13658 - Interview
“Our long-term vision is to create a currency that is stronger than any fiat currency that exists now,” said Reserve community manager Yens Michiels.
8095 - News
“We must advance in these new economic and technological systems to be accessible,” Maiquetia airport director said.
7934 - News
The 23-year-old is wanted by the police after allegedly faking his own kidnapping and stealing his clients’ funds.
5282 - Opinion
As the political system collapses, so too does the financial one. Thus, more and more Afghan citizens will turn to crypto.
5565 - News
The Central Bank of Venezuela is rolling out a CBDC in October and will launch an SMS-based exchange system to facilitate its use.
10747 - Analysis
Here are the events that marked the past year in the Venezuelan crypto space and the opinions of those who experienced them from the inside.
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