Tag Archives: Venezuela

Roundup: 20/08/2018 – Blockchain law society founded in Seoul, Bitoasis collaborates with supraregional regulators, Venezuela declares XPD official currency

Official Blockchain law society founded in Seoul Judges and law experts in South Korea are forming an association to discuss blockchain, cryptocurrencies surrounding laws and legal issues. They will have their founding meeting on the 24th of August. The association will be open to the public. The first meeting will take place in the Seoul […]

PetroDollar World’s first state-owned Cryptocurrency – good or bad News?

Venezuela launched its own cryptocurrency back in December 2017. But so far it seems, it has only been in its test phase. As only from today on (20th August) the Venezuelan state declared that the Petro is its official currency.  It will coexist with Venezuela’s fiat currency, the Bolivar. But what does that mean for […]

Roundup 17/08/2018 – Petro official currency, UK crack down on crypto, Huobi 5 new partner exchanges

While the socialist rogue state of Venezuela clutches to a straw and adopts crypto, the UK is cracking down on cryptocurrency owners. A proof of being a rogue state itself? Meanwhile, the Chinese exchange Huobi helps its partners in five countries to launch their own exchange with Huobi cloud. Petro becomes official currency in Venezuela […]

Daily Roundup 14th August 2018 – Control Bitcoin or Ban it?

Saudi Arabia officials condemned crypto – but it’s not yet banned Many blogs in the crypto space are currently spreading the rumor that the Saudi Arabian government has banned trading cryptocurrencies. However, that is not true and an exaggeration by different news sites, blogs etc. copying each other without further research. The official statement of […]

Venezuela To Become The First Country With A Central Bank For Crypto

It has been revealed that the Venezuelan National Assembly is planning to create a central bank of Cryptocurrencies. A member of parliament told Reuters that the house will reform the constitution to allow for the creation of the bank. When the central bank is set up, Venezuela will become the first country to have such […]

Venezuela and Iran – Why it is good that Rogue States adopt Crypto

Venezuela launched its own cryptocurrency last year. Now Iran is following. The middle-eastern country is reacting to US sanctions that will be enforced from the 6th of August on. To avoid the sanctions, Iran relies on cryptocurrencies. While Iranians buy into Bitcoin & Co. to avoid losing money through the plummeting Rial, the Iranian state […]

Competition for the Poor – How Crypto Projects changed the Nature of Charity

As of now, free-market competition and charity is something people do not associate with each other. As a matter of fact, many people think those two concepts are opposed. A majority of charity organizations themselves share this notion and make free-markets responsible for creating poverty. An example of such a project within the crypto space […]

Venezuela’s Oil-Backed Cryptocurrency to be Used in the Construction of Houses

Venezuela’s native news, Telesur has announced that the country’s oil-backed virtual currency, Petro, will be used to finance a housing project. The country’s ministry of habitat and housing has confirmed that the report that the funds will be used in the project named “La Gran Mision Vivienda Venezuela” (GMVV). Petro To Finance A Housing Project […]

Venezuela To Closely Monitor Cryptocurrency Transactions In The Country

The Venezuelan government has announced that it will start to monitor bank accounts involved in Cryptocurrency transaction. All those operating in this business should sell the Cryptocurrencies at recommended prices. According to the country’s Vice President Tareck El Aissami, those found trading the virtual currencies at prices that are “undermining the national currency” in the […]

16 Crypto Exchanges Certified by Venezuela

The end of the pre-sell period for one of Venezuela’s biggest exchanges, Petro, has finally come to an end. The announcement was made by the country’s head of state, Nicolas Maduro, who was very impressed by the amount that the campaign raised so far (an equivalence of more than 3 billion). Green Card to 16 […]