Venezuela
Don’t hold your breath for Venezuela’s bitcoin
Ledn co-founder Mauricio Di Bartolomeo, born and raised in Venezuela, argues that the country’s government is simply too corrupt and incompetent to have accumulated a rumored $60 billion stash of bitcoin.
Bitcoin dips, but quickly recovers as U.S. captures Venezuela's Maduro
The U.S. overnight launched a military strike against Venezuela, capturing President Nicolas Maduro and his wife and extracting them from the country.
Binance Says Venezuela Platform Is Being Hit by Access Restrictions
The Venezuelan government has blocked various websites, including the social network X, following allegations of fraud in the July 28 presidential elections.
Venezuela's Election Body Says Nicolas Maduro Reelected President, Opposition Claims Victory Too: Reports
Venezuela's dependence of crypto has been fuelled by a a dire economic situation, international sanctions, and nearly 8 million citizens fleeing the country in the past decade.
DOJ Wants CZ to Serve 3 Years in Prison; Tether to Freeze Wallets Evading Venezuelan Sanctions
"CoinDesk Daily" host Jennifer Sanasie breaks down the biggest headlines impacting the crypto industry today, as the U.S. Department of Justice said that Binance founder Changpeng "CZ" Zhao should spend three years in prison for his guilty plea. Plus, Nigeria’s Central Bank has directed financial institutions to identify persons or entities transacting in or operating with Bybit, KuCoin, OKX, and Binance. And, Tether has said it will freeze wallets that are using USDT to evade sanctions on oil exports in Venezuela.
Tether Will Freeze Wallets Evading Venezuelan Sanctions
Use of Tether has increased in Venezuela after the U.S. reimposed sanctions on oil exports.
Venezuela Looks to Tether to Bypass Sanctions: Reuters
Venezuela's state-run oil company started experimenting with Tether in 2023
Venezuela Ends Controversial Petro Cryptocurrency: Reports
President Nicolas Maduro launched the Petro (PTR) in Feb. 2018 to support the nation's currency, the bolívar, in the face of an economic crisis exacerbated by U.S. sanctions.
Stablecoin Wallet Rpay Secures License from OFAC to Continue Operating in Venezuela
The approval does not absolve Rpay of its compliance duties, but does eliminate growing regulatory risks, the company said.
US Alleges 5 Russian Nationals Used Crypto as Part of Sanctions Evasion, Smuggling Scheme
Defendants allegedly laundered "millions of dollars" using Tether.
