Sentences with phrase «venezuelan cryptocurrencies»
Apparently, U.S. president Donald Trump has signed an executive order banning American citizens from using Venezuelan cryptocurrencies.
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His statement comes days after US President Donald Trump signed an executive order banning American citizens and legal entities from any transactions with Venezuelan cryptocurrencies.
US President Donald Trump recently signed an executive order banning American citizens and legal entities from any transactions with Venezuelan cryptocurrencies.
The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions.
«We are just starting», Maduro said, adding that many businesses, including American, have declared intentions to purchase the Venezuelan cryptocurrency.
El Petro, the Venezuelan cryptocurrency, can now be purchased with Russian rubles, among other fiat currencies, President Nicolás Maduro announced.
From March 23 the Venezuelan Cryptocurrency can be purchased with Russian rubles, Chinese yuan, Turkish lira and euro, as well as with cryptocurrencies like bitcoin.
Venezuelan cryptocurrency trading teacher Carmen Salvador revealed to Reuters through a video interview conducted on Friday that:
Earlier, US President Donald Trump signed a decree prohibiting US companies and citizens from carrying out transactions with the Venezuelan cryptocurrency El Petro.
Zcash is now a popular tender for Venezuelan cryptocurrency miners, who can end up in jail if they get caught.
The Petro coin which is an oil - backed Venezuelan cryptocurrency gathered over $ 5 Billion in its token pre-sale phase according to its president Maduro.
Not exact matches
President Trump has also banned Americans from buying the Venezuelan government's «Petro» cryptocurrency, which is supposedly backed by the South American country's oil reserves.
Venezuelan president Nicolas Maduro is doubling down on his support for the Petro, encouraging the country's banks to mine and use the recently - launched national cryptocurrency.
(Dash Force News) Donald Trump has issued an executive order to ban all cryptocurrencies issued «by, for, or on behalf» of the Venezuelan government...
Today's executive order almost explicitly targets the petro, an oil - backed cryptocurrency tied to Petróleos de Venezuela, S.A. (PDVSA), a Venezuelan state - owned oil and natural gas company.
Cryptocurrencies have become so fashionable that even President Nicolas Maduro has proposed a government - backed version called the petro, and members of his administration have met with Venezuelan bitcoin entrepreneurs to determine how it might work.
The guidance occurred on the same day that President Trump issued an executive order sanctioning the Venezuelan petro cryptocurrency.
«It's a really great opportunity for Venezuelans in a desperate position,» said Andrea O'Sullivan, a cryptocurrency expert at George Mason University.
According to Venezuelan President Nicolas Maduro, the state - backed cryptocurrency has generated more than $ 3 billion in sales.
Venezuelans will be able to buy houses and other property with their new national cryptocurrency.
But, however unstable they may be, it shows that cryptocurrencies have enormous potential for wealth creation through unconventional means — quickly drawing the attention of the embattled Venezuelan regime.
The Venezuelan President Nicolas Maduro appealed the «Bolivarian Alliance», consisting of ten states, to accede to the project for the creation of the cryptocurrency — El Petro secured by oil.
Senior fellow Monica de Bolle and research fellow Martin Chorzempa write that the Venezuelan government's proposal «combines serious misunderstandings with wishful thinking about the benefits of blockchain technology, along with evidence that the government is either trying to fool its populace or that it does not understand the basics of cryptocurrencies, or both.»
Venezuelans hoping to buy the state's oil - backed cryptocurrency using bolivars are out of luck.
Maduro, whose regime has been widely labeled a dictatorship, didn't say whether the cryptocurrency would be used by ordinary Venezuelans to buy groceries, medicines or other basics.
The post Venezuelan President Orders Airlines to Accept Petro, Cryptocurrencies for Tickets appeared first on CCN Venezuela's oil - backed cryptocurrency keeps
The Venezuelan government launched the pre-sale of the world's first national, oil - backed cryptocurrency Petro (PTR), Financial Times reports Tuesday, Feb. 20.
82.4 million Petro are already available for purchase for fiat currencies and top cryptocurrencies, although not for Venezuelan Bolivars.
The Venezuelan president has said the country will receive a $ 1 billion cash injection from the sale of its cryptocurrency named the PetroDollar (XPD) which allegeldy raised $ 5 billion dollars, $ 1.7 of which will be set aside for importing «food, medicine and industrial goods.»
The Cryptocurrency craze that has swept the world is now being looked at by Venezuelan President Nicolas Maduro as a savior to its economy.
Our regular columnist, Chris Green, looks at how cryptocurrency can come to the aid of a shattered Venezuelan economy...
However, US - imposed economic sanctions have done little to prevent Venezuelan President Nicolas Maduro's shameless cryptocurrency cash grab from succeeding.
Venezuelan President Nicholas Maduro has claimed the successful launch and sale of Petro — the first ever state - issued cryptocurrency.
According to Venezuelan President Nicholas Maduro, the sale of his pet cryptocurrency has raked in over five billion dollars during its pre-sale period.
The Venezuelan government has introduced what appears to be their own cryptocurrency.
Venezuelans are perhaps the most famous example, mining and storing cryptocurrency to overcome the challenges of dangerously high Bolivar inflation.
It's the world's first sovereign cryptocurrency as it will be produced and controlled by the Venezuelan government.
Featured Venezuelan government intends to purchase Russian auto parts with its state - issued cryptocurrency.
It was only last week, The Venezuelan Government told that it will be recruiting its citizens to mine cryptocurrencies via cryptocurrency mining farms.
Also Read: Venezuelan President Urges 10 Different Countries To Adopt's His Oil Backed Cryptocurrency — Petro
Taking progressive steps forward, now Venezuelans will be able to buy houses and other property with their new national cryptocurrency, Petro.
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Like many bitcoin users in Iran and some North American communities of sex workers, Venezuelans often trade cryptocurrency with local cash «dealers.»
«It is not really backed by oil,» Eduardo Gómez, a bitcoin veteran and Venezuelan employee at the global cryptocurrency startup Purse, told International Business Times.
There are Venezuelans earning cryptocurrency and fleeing communism.
Venezuelans are already flocking to cryptocurrencies such as bitcoin and zcash.
Supporting the cryptocurrency endeavor championed by the same criminals who caused the crisis will not provide the food and medicine Venezuelan citizens desperately need to survive.
Telesur TV reported on Saturday that «A training centre to teach its citizens about cryptocurrencies» has been inaugurated by the Venezuelan government in its capital city Caracas.
Venezuelan president Nicolas Maduro is hinting at the launch of another cryptocurrency termed Petro - Oro following the launch «Petro» Cryptocurrency - the oil backed cryptocurrency on cryptocurrency termed Petro - Oro following the launch «Petro» Cryptocurrency - the oil backed cryptocurrency on Cryptocurrency - the oil backed cryptocurrency on cryptocurrency on 20th February.
Still, the document offers a window into the Venezuelan government's thinking on exchange oversight and how it might build an ecosystem around its cryptocurrency.