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CATEGORY: nicolas maduro

Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 25, 2023 05:50

Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push

The government of Venezuela has announced that it is currently working to integrate Mir, a Russian electronic card and transfer payments system. President Nicolas Maduro backed this integration, stating that this move is part of a de-dollarization push. More than 40,000 payment terminals are being adapted to accept Mir-compliant cards. Venezuela Integrates Russia’s Mir Payments [...]

The post Venezuela to Integrate Russian Mir Payments System in De-Dollarization Push appeared first on Crypto Breaking News.

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Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 23, 2023 01:20

Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100%

Welcome to Latam Insights, a compendium of the most relevant crypto and economic development news from Latin America during the last week. In this issue, Venezuela makes a push for de-dollarization, the Central Bank of Argentina raises interest rates to close to 100%, and Brazil breaks the U.S. dollar parity import price peg for fuel.

The post Latam Insights — Venezuela’s Maduro States De-Dollarization Is ‘Inevitable,’ Argentina Raises Interest Rates to Close to 100% appeared first on BTC Ethereum Crypto Currency Blog.

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SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 22, 2023 02:10

SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements

The share of the U.S. dollar usage for international payments has risen to 42.71% in April, despite the push of some countries towards de-dollarization. The dollar remains the most used currency in international settlements, with the euro taking second place according to data from the Society for Worldwide Interbank Financial Telecommunications (SWIFT). U.S. Dollar is [...]

The post SWIFT Data Shows Despite De-Dollarization Push, US Dollar Is Still the King of International Settlements appeared first on Crypto Breaking News.

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Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Mar 21, 2023 02:10

Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring

Joselit Ramirez, head of the Venezuelan cryptocurrency authority Sunacrip, was arrested on March 18, according to reports from local media. Ramirez, who led the institution from its creation in 2018, was arrested for being allegedly involved in corruption schemes, including the embezzlement of $3 billion related to unregistered oil sales. Sunacrip Boss Joselit Ramirez Arrested [...]

The post Head of Venezuelan Crypto Watchdog Sunacrip Arrested on Alleged Corruption Charges; Institution to Face Restructuring appeared first on Crypto Breaking News.

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Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
May 19, 2023 05:50

Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push

Venezuelan President Nicolas Maduro has announced that Venezuela will shift away from using U.S. dollars in trade, emphasizing that the de-dollarization process is “inevitable.” He described: “This is the path of Venezuela and the path of a free economy where currencies are not used to punish countries and impose sanctions.” Venezuela Shifting Away From USD [...]

The post Venezuela’s President Declares Inevitable Shift Away From US Dollar in De-Dollarization Push appeared first on Crypto Breaking News.

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Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 18, 2023 02:10

Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention

The Venezuelan cryptocurrency ecosystem remains on shaky ground four months after the intervention of national crypto watchdog Sunacrip, and the arrest of its head, Joselit Ramirez, due to alleged participation in a $20 billion corruption scandal involving the undeclared sale of crude oil for crypto. There have been no official updates from Sunacrip’s restructuring board, [...]

The post Venezuelan Crypto Ecosystem Still in Shambles 4 Months After Sunacrip Intervention appeared first on Crypto Breaking News.

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Reports Indicate Venezuela Is Preparing to Liquidate the Petro
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 16, 2023 01:20

Reports Indicate Venezuela Is Preparing to Liquidate the Petro

According to reports, the government of Venezuela could be winding down the operations of the petro cryptocurrency. The decision comes after Sunacrip, the Venezuelan cryptocurrency watchdog, was set back by the alleged participation of its former head Joselit Ramirez in a potential $20 billion corruption scheme involving the settlement of Venezuelan oil sales. Reports Indicate

The post Reports Indicate Venezuela Is Preparing to Liquidate the Petro appeared first on BTC Ethereum Crypto Currency Blog.

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Venezuela Presents Official Request to Join BRICS
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Aug 05, 2023 02:10

Venezuela Presents Official Request to Join BRICS

The government of Venezuela formalized its proposal to be part of BRICS, a geopolitical and economic bloc comprised of Brazil, Russia, India, China, and South Africa. Venezuelan President Nicolas Maduro explained that he hoped for a positive reception of the proposal by the nations that are part of the bloc. Venezuela Officially Applies to Enter [...]

The post Venezuela Presents Official Request to Join BRICS appeared first on Crypto Breaking News.

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Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jun 01, 2023 01:20

Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar

Luiz Inacio “Lula” Da Silva, President of Brazil, remarked on the need to retake South American integration mechanisms through the Union of South American Nations (USAN). Lula also proposed to shift away from the U.S. dollar by using a standard reference currency for bilateral settlements among countries in the region. Brazil’s Lula Proposes to Unite

The post Lula Proposes to Revitalize South America Union USAN; Reinforces Need of Shifting Away From US Dollar appeared first on BTC Ethereum Crypto Currency Blog.

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