Venezuela

Cuba

Cuba Eyes Cryptocurrency as Solution to Sanctions, Financial Woes

Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances amid U.S.-led sanctions.

Markets  ·  3 July 2019
Bitcoin

A New Bitcoin Exchange On the Colombian-Venezuelan Border Will Help Refugees

Refugees can use a new POS to purchase goods, food, and services when they leave Venezuela.

Markets  ·  18 June 2019
Crypto

Venezuela Tries to Avoid US Sanctions By Trading In Rubles and Crypto

Caracas and Russia are in talks to disconnect from USD and exchange rubles and crypto.

Markets  ·  20 May 2019
Bitcoin

What’s Holding Back Bitcoin in Venezuela? This Group Is Investigating

The Open Money Initiative is bringing insights from Venezuela to help crypto startups make better tools for people in distressed economies.

Business  ·  10 May 2019
Mining

Bitcoin Can’t Fix Venezuela: I Should Know

Diana Aguilar used bitcoin to survive in Venezuela, but cryptocurrency can’t fix the troubled nation's economy, she argues.

Markets  ·  2 May 2019
Regulation

US Treasury Sanctions Russian Bank Over Links to Venezuela’s Petro

The U.S. Department of the Treasury has sanctioned a Moscow-based bank over its role in financing Venezuela’s controversial petro token.

Policy & regulation  ·  13 March 2019
News

Venezuelan Economist: Cryptocurrency Is ‘Good’ Money, Bolivars Are Not

The adoption of cryptocurrencies in Venezuela could contribute to economic recovery, argues one local economist.

Business  ·  11 March 2019
Art

Bolivars to Bitcoin: Activists Take Down Venezuela’s Maduro in Crypto Art Exhibit

As the situation in Venezuela continues to escalate, artist cryptograffiti, crypto exchange AirTM and merchant services provider Cripto Conserje have teamed up for an all-day fundraiser to tear down – in whatever way they can – Maduro's regime.

Markets  ·  26 February 2019
Regulation

Venezuela’s Crypto Exchanges, Miners Must Register Under New Rules

Venezuela has activated new regulations for crypto service providers in the country, including exchange platforms and miners.

Policy & regulation  ·  4 February 2019
Regulation

Bitcoin ATM Startups Say They’re Booming, Thanks in Part to Venezuela

Bitcoin ATM usage is surging, especially in Latin America, where Venezuelan refugees and others are seeking ad hoc banking solutions.

Policy & regulation  ·  25 January 2019
Regulation

Venezuela Calls US Sanctions Against Its Petro Cryptocurrency ‘Discriminatory’

Venezuela has filed a complaint against the U.S. with the World Trade Organization, highlighting sanctions against the petro as one issue.

Policy & regulation  ·  9 January 2019
Bitcoin

Venezuela Isn’t the Crypto Use Case You Want It to Be

Cryptocurrency enthusiasts love to talk about Venezuelan users as an example of bitcoin's subversive potential – but the reality is more complex.

Markets  ·  19 December 2018
News

Report: Venezuela Is Forcibly Converting Pension Balances to the Petro

Venezuela has reportedly begun automatically converting residents' pensions into its controversial cryptocurrency.

Business  ·  12 December 2018
News

Venezuela to Sell Oil for Petro Cryptocurrency in 2019, Says Maduro

Venezuela's President Maduro has said the nation will sidestep the dollar and use its controversial petro token for oil sales next year.

Markets  ·  7 December 2018
Markets

This Bitcoin Skeptic Wants to Make ‘Stable’ Cryptos for Venezuela

Economist Steve Hanke has joined the board of the P2P cryptocurrency exchange AirTM and will guide its Latin American expansion, including a new system for price-stable assets he will design.

Business  ·  15 November 2018