Tags: Venezuela

Latin America has reported a 42.5% year-over-year growth in cryptocurrency adoption, marking it as one of the fastest-growing regions.

Machado believes Bitcoin could help protect assets from government seizure and secure financial independence for the people.

Venezuelan opposition leaders call for stricter crypto sanctions as Maduro’s government uses digital assets to bypass restrictions.

PDVSA’s adoption of USDT has surged since the U.S. reinstated sanctions amid concerns about Venezuela’s upcoming election.

The Venezuelan government is once again turning to crypto to circumvent US sanctions, this time, in its oil and gas sector.

Venezuela’s Petro Cryptocurrency to Cease Operations on Jan 15

According to Chainalysis, Latin American crypto users show a significant preference for centralized exchanges, in contrast to the worldwide pattern.

While Mexico’s crypto market breaks away from centralized exchange trends, the increased adoption for Argentina and Venezuela is more about navigating the economic crisis.

The government will spend six additional months to ‘reorganize” the entity, which de-facto stopped its work in March 2023.

Binance Delists Banco de Venezuela From P2P Payment Service: What’s Going On?

Today in Crypto: Regulator Allows Belgians to Use Binance Poland, US SEC Says an Issuer’s NFTs are Securities and Orders It to Compensate Investors, LimeWire Launches ‘World‘s 1st Blockchain-Based AI Creator Studio on Polygon‘

Banco de Venezuela, one of the largest financial institutions in the country, was acquired by the sanctioned government in 2009.

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

The launch announcement followed expansion moves by Bitfinex into El Salvador and Chile through licensing and partnerships, respectively.

Bitcoin price strength across the board continues into a weekly close that analysis says should stay above $30,000.

Venezuela‘s Cryptocurrency Mining Ban Damages Industry Maduro Once Supported

What started with a comedy club would later become a notorious case of legal loopholes and frustration for the nonfungible token community.

Crypto miners and exchanges in Venezuela will remain shut while the authorities try to cope with the multi-billion corruption case.

Venezuelan Crypto Exchange CoinCoinX ‘Temporarily’ Halts Operations – What’s Going On?

According to Venezuela‘s attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department.