Venezuela


Markets

Crypto Remittances Prove Their Worth in Latin America

Crypto remittances are growing in Latin America, particularly in the wake of other remittance platforms shutting off access to some markets.

Dollar bills in the cash drawer of a bakery shop Caracas, Venezuela. (Matias Delacroix/Getty Images)

Finance

Pizza Hut Venezuela Now Accepts Crypto Payments

The Venezuelan arm of the restaurant chain now accepts dash and bitcoin through CryptoBuyer.

GettyImages-1284947587

Markets

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

The U.S. government is sending USDC payments to Venezuela using Circle and Airtm to bypass Nicolas Maduro, the nation's dictator.

Venezuelan opposition leader Juan Guaido was declared interim president by Venezuela's National Assembly in January 2019.

Finance

Venezuela's Bitcoin Story Puts It in a Category of One

Venezuela’s peer-to-peer bitcoin activity has been extraordinary, whether measured as an absolute or relative to GDP, according to CoinDesk Research data.

Exposure to the government-backed petro has made Venezuelans more comfortable with other types of cryptocurrencies.

Policy

Venezuela Rolls Out Ethereum-Based Stock Exchange to Help Skirt US Sanctions

The blockchain-based exchange comes as part of new measures announced by Pres. Nicolas Maduro in a bid to sidestep tough U.S. sanctions.

Nicolas Maduro, Venezuelan president

Policy

Venezuela Legalizes Crypto Mining but Will Force Industry Into National Pool

The Venezuelan agency responsible for regulating cryptos has legalized the mining industry, but in the process mandated it be centralized under government control.

President Nicolas Maduro

Policy

Here in Venezuela, Doctors Struggle to Access Aid From Crypto Platform

For a moment, it looked as if crypto would make a huge stride in Venezuela. But accessing funds from abroad has been difficult.

Bitcoin adoption has grown in Venezuela amid the ongoing COVID-19 pandemic, but it still remains low nationwide. (Kevin Keith/Unsplash)

Markets

Paxful, Citing Regulations and Its Own 'Risk Tolerance,' Exits Venezuela's P2P Bitcoin Market

The exit deprives Venezuela's crypto scene of its second-largest P2P exchange.

(CoinDesk archives)

Markets

Venezuela Blocks Access to Coinbase and Remittance Service MercaDolar

Venezuela has blocked access to Coinbase and MercaDolar, cryptocurrency and fiat remittance platforms respectively, alongside two VPN providers.

(Shutterstock)

Markets

Ukraine Leads Global Crypto Adoption, Chainalysis Says in New Report

Ukraine, Russia and Venezuela are the top three countries by crypto adoption in the world, according to Chainalysis.

Map of Eastern European countries