Category: Venezuela

Exploring Venezuela’s crypto ecosystem since the start of the pandemic

April 4, 2021

Crypto Nanobot 0

In the year since the COVID-19 pandemic first disrupted almost every aspect of our lives, many things have happened within the crypto ecosystem around the world. So, what has the past year been like for crypto in Venezuela? Even before 2020, Venezuela already had a number of businesses that accepted various cryptocurrencies as payment; however, […]

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Another crypto firm hit with fines for violating U.S. sanctions

February 18, 2021

Crypto Nanobot 0

BitPay apparently screened merchants but not customers. 2312 Total views 10 Total shares BitPay will have to pay the U.S. Treasury’s Office of Foreign Asset Control over half a million dollars for crypto services to sanctioned regions.  In a Feb. 18 announcement of the settlement, OFAC said that BitPay had facilitated “approximately $129,000 worth of digital […]

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Crypto Remittances Prove Their Worth in Latin America

December 9, 2020

Crypto Nanobot 0

Dec 9, 2020 at 3:30 p.m. UTC Dollar bills in the cash drawer of a bakery shop Caracas, Venezuela. (Matias Delacroix/Getty Images) Crypto Remittances Prove Their Worth in Latin America Western Union recently announced it would be suspending U.S. dollar transfers to Cuba, due to sanctions from the United States. This may only increase the […]

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Pizza Hut Venezuela Now Accepts Crypto Payments

November 30, 2020

Crypto Nanobot 0

Nov 30, 2020 at 8:38 a.m. UTCUpdated Nov 30, 2020 at 2:13 p.m. UTC Pizza Hut Venezuela Now Accepts Crypto Payments International restaurant franchise Pizza Hut has begun accepting cryptocurrency as a form of payment in Venezuela. In an announcement on Saturday, digital assets firm CryptoBuyer said it has become the food chain’s payments partner […]

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US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO

November 20, 2020

Crypto Nanobot 0

Nov 20, 2020 at 7:36 p.m. UTCUpdated Nov 20, 2020 at 10:05 p.m. UTC Venezuelan opposition leader Juan Guaido was declared interim president by Venezuela’s National Assembly in January 2019.(Carolina Cabral/Getty Images) US Government Enlists USDC for ‘Global Foreign Policy Objective’ in Venezuela: Circle CEO Payments startup Circle is getting political. The stablecoin issuer is […]

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