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.
The Federal Reserve has unveiled a new proposed rule that would require certain payment stablecoin issuers to…
Shares of HIVE Digital Technologies jumped more than 10% after the company announced a major $220 million, three-year…
Illinois has officially become the first U.S. state to impose a transaction-based tax on cryptocy activity…
The cryptocy market was hit by a sharp wave of volatility after the Federal Open Market…
Algorand is accelerating its push toward becoming one of the world's first fully quantum-resistant blockchains, announcing…
The long-awaited Digital Asset Market CLARITY Act is moving closer to becoming law as momentum continues building…