According to Reuters, Venezuela now depends on cryptocy for oil sales after the U.S. imposed new sanctions, which concerns many. The latest news coming from the Venezuelan state oil company PDVSA is that it will explore more crypto trades for oil exports.
A report by Venezuelan opposition politician Leopoldo Lopez along with Kristofer Doucette advises democratic authorities to respond to the misuse of Venezuelan cryptocy by Nicolas Maduro’s administration.
Doucette, a national security leader at Chainalysis, stressed the need to have concrete anti-money laundering measures. “Structures must be set up to combat this type of money laundering,” He stated
In areas where traditional banking systems do not exist, the adoption of cryptocy enables financial transactions. However, corrupt regimes can use the anonymity of the crypto market for illegal activities.
SWIFT has launched a new blockchain-based ledger pilot with 17 major banks to test how tokenized deposits can move across…
Sony Bank, the banking arm of Sony Financial Group, has received conditional approval from the Office of the Comptroller…
PayPal has expanded its stablecoin strategy by launching PayPal USD (PYUSD) natively on the Polygon blockchain, giving businesses direct access…
BONK, one of Solana's most recognizable memecoins, is facing a major governance crisis after an…
World, the blockchain ecosystem co-founded by Sam Altman, is shifting its prediction market infrastructure from Solana to the…
BNB Chain has revealed plans to build a brand-new Layer 1 blockchain specifically designed for the next generation…