Venezuela

Venezuelan Crypto Regulator Sunacrip Strengthens AML/KYC Requirements for Virtual Asset Service Providers

<div class=”featured_image_container”> </div> <strong>Sunacrip, the Venezuelan cryptocurrency watchdog, has recently published a new set of AML/KYC requirements for VASPs (Virtual Asset Service Providers) that establishes new and updated rules about the kind of information these providers must require and share with the Venezuelan government, raising alarms in the cryptocurrency community about what the government could …

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Venezuelan Programmer Who Created the Petro Token Regrets Participating in the Project — Works on an Alternative Token

<div class=”featured_image_container”> </div> <strong>Venezuela’s government-backed cryptocurrency is not having the acceptance its cabinet expected, as the latest reports suggest. The petro’s creator, who now lives in exile, wants to build another crypto that gets the adoption its original creation did not in the nation.</strong> Jiménez Believed the Petro Could Have Given Venezuelans a ‘Measure of …

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Major Venezuelan Aviation Academy Enables Bitcoin Payments as Crypto Adoption Keeps Rising in the Country

<div class=”featured_image_container”> </div> <strong>A leading Venezuelan aviation academy announced its inception into cryptocurrency adoption after enabling bitcoin payments. Caracas Air is now accepting crypto payments for those who want to take any of their courses.</strong> Academy Started Its Operations in 2015 According to the announcement made by its CEO, Oliver Laufer, the academy will also …

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Venezuelan Guards Seize 76 Bitcoin Mining Rigs Due to ‘Inconsistencies’ in Transport Documents

<div class=”featured_image_container”> </div> <strong>The Bolivarian National Guard of Venezuela (GNB) is known for having a tough stance against crypto mining rig counterfeits, as several operations have been assigned to combat the issues over the last few months. This time, the Venezuelan authorities seized 76 mining rigs after allegedly detecting inconsistencies in the transport documentation.</strong> Rigs …

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Major Venezuelan Satellite TV Provider Enables Bitcoin and Other Cryptocurrencies Payments

<div class=”featured_image_container”> </div> <strong>Venezuelan customers from the biggest satellite TV provider in the country are now able to pay their monthly bills via cryptocurrencies. Simple TV announced it had enabled the feature to its over four million users, whose company was the replacement of Directv.</strong> Company Expects to Cut Dependency on Fiat Dollar According to …

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1.2 Billion People Live Under Double-Digit Inflation, ‘Many Have Found Escape in Bitcoin’ Says HRF’s Alex Gladstein

<div class=”featured_image_container”> </div> <strong>While central banks are focusing on creating more stimulus and economists expect inflation in the U.S. to rise, a number of other countries are suffering from considerable inflation right now. On Monday, the chief strategy officer for the Human Rights Foundation, Alex Gladstein, explained that 1.2 billion global citizens are living under …

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Mexico’s Third-Wealthiest Individual Adds Bitcoin to His Twitter Bio

<div class=”featured_image_container”> </div> <strong>Just recently the Mexican billionaire, Ricardo Salinas Pliego, joined Elon Musk and a number of high-profile people, by adding the bitcoin hashtag to his Twitter bio. Salinas is one of Mexico’s wealthiest individuals with a fortune of around $13.2 billion and 10% of the entrepreneur’s liquid portfolio is in bitcoin.</strong> Grupo Salinas …

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Bitcoin and Inflation: Everything You Need to Know

Crypto enthusiasts often talk about bitcoin as a hedge against inflation. Why? The argument is that central bank money printing will lead to inflation or the decrease in the value of money over time. Bitcoin, by contrast, has a fixed limit of 21 million coins that can ever be created. This limited supply allows bitcoin …

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Venezuelan President Maduro Promises 2021 Will Be the Year to Boost Usage of Petro

<div class=”featured_image_container”> </div> <strong>The Venezuelan president, Nicolás Maduro, has claimed that 2021 will be the year of the state-backed petro (PTR) token. He also promised to boost a “100% national digital economy” agenda through a “complete digitalization process.”</strong> 77% of Trade Transactions in Venezuela Are Made via Digital Solutions in Bolivar During an annual speech …

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Venezuela’s Asonacrip: Bitcoin Bull Run Could Help Boost Usability of Cryptos Such as Petro

<div class=”featured_image_container”> </div> <strong>The president of the National Association of Cryptocurrencies of Venezuela (Asonacrip) praised the recent bull run seen in bitcoin’s prices across the board, which “favors the usability of a very novel crypto asset,” such as the petro (PTR).</strong> Petro Is Gathering Strength Due to Its Surging Prices in the Secondary Market, Says …

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