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Venezuela Wants to Use Crypto to Skirt Sanctions

In a recent public statement, the president of Venezuela, Nicolas Maduro, stated that cryptocurrencies are expected to offer a solution to fight sanctions against Venezuela. Earlier last month the country’s government initiated a new bill to help the nation resolve the impact of US sanctions. As part of the bill, Venezuela will conduct research to… Read More

Cryptos Widely Used in Venezuela Amid Hyperinflationary Crisis

Venezuela has become a basketcase of a country with an unstable economy. Currently, as Venezuela’s economy continues to suffer from hyperinflation, many businesses have expanded their use of cryptocurrencies. It is estimated that more than 20,000 stores and businesses in Venezuela will accept cryptocurrencies starting on June 1. This news was made as part of an… Read More

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