Tag: sanctions

Venezuela in financial and political turmoil, but approves crypto legislation
July 26, 2019 BY Mariela Naydenova

Venezuela accused of using crypto to bypass US sanctions

The story of Venezuela and its affinity towards cryptocurrencies to save the economy is a very dynamic and interesting one. The President of Venezuela, Mr. Nicolas Maduro has embraced digital currencies as a way to fight back the plunging bolivar and the restrictive US sanctions imposed on the country.  What has killed the economy, however,…

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