Tag Archive: Sanctions

  • Altcoin News, Bitcoin, News, News teaser, Trading

    Russia and Iran May Use Cryptocurrencies to Bypass International Sanctions

    Politicians in Iran and Russia are discussing the possibility of using digital currencies to bypass sanctions.  Cryptocurrencies: A Tool for Bypassing Sanctions Decentralization is one of the biggest advantages of cryptocurrencies. Unlike traditional fiat currencies, cryptocurrency transactions cannot be stopped by a central party or authority. Some countries have sanctions imposed on them by the USA and many European nations. Several experts believe that certain countries may be bypassing international sanctions by using decentralized cryptocurrencies.

    · May 21, 2018 · 7:00 pm
  • Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions Altcoin News, Bitcoin, News, News teaser

    Iranians Will Buy Cryptocurrency As Economy Collapses, Analyst Says

    Following President Donald Trump’s announcement that the US would pull out of the Iran nuclear deal, the Iranian rial crashed from $0.00003 to $0.00002, or 50,000 rials to the dollar. Will this cause Iranians to turn to Bitcoin and other cryptocurrencies? Fleeing to Crypto Iran’s economic hardship heightened by sanctions and the US withdrawal from the nuclear deal will cause Iranians to buy more cryptocurrencies, said Weiss Cryptocurrency Ratings analyst Juan Villaverde in a blog post today.

    · May 18, 2018 · 6:00 am
  • Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions Altcoin News, Bitcoin, Bitcoin Acceptance, Bitcoin Regulation, News, News teaser

    Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions

    With U.S. President Donald Trump declining to renew a nuclear deal with Iran, citizens of the country are turning to Bitcoin. Iran is facing renewed sanctions from the United States which could signal the start of new economic problems. There are also reports that the Iranian government is looking to create a state-owned cryptocurrency. Impending Economic Troubles Fresh sanctions from the U.S. will adversely affect Iran’s exports especially oil which forms a considerable portion of

    · May 10, 2018 · 8:00 pm
  • Coinsecure Goes For Petro? Altcoin News, News, News teaser

    Bitfinex Bans Venezuela’s Petro Token

    Bitfinex, the largest cryptocurrency exchange, has issued a statement today regarding its restriction of Venezuela’s state-issued Petro Token (PTR). Bitfinex has No Love for Petro Near the middle of February, the government of rapidly-declining socialist country Venezuela launched Petro – the world’s first state-issued cryptocurrency. The cryptocurrency is purportedly backed by the oil-rich South American country’s oil reserves, but many view the project as little more than an attempt at circumventing US-imposed economic sanctions. One

    · March 27, 2018 · 1:00 pm
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    President Trump Bans US Citizens from Buying Venezuela’s Petro

    The Venezuelan Petro’s alleged astronomical success could be under threat as US President Trump puts plans in process to prohibit American citizens from purchasing the digital currency. It seems as if President Trump has thrown a cog in the apparent billion-dollar machine that is Venezuela’s Petro. According to Bloomberg, the US president issued a prohibition order on Monday banning the country’s citizens from going anywhere near the South American country’s first state-issued virtual currency. To

    · March 19, 2018 · 4:00 pm
  • Altcoins, Blockchain Technology, News, News teaser

    Venezuela’s National Cryptocurrency ‘Petro’ Expected to Go Global

    According to a Venezuelan official, Tuesday’s Petro pre-sale will have international reach, drawing potential investors from the US, Europe and the Middle East. It was just over two months ago that Venezuela’s president, Nicolás Maduro, announced his bold plan to introduce the country’s first state-controlled cryptocurrency. The Petro would act as a way to circumvent US-imposed sanctions, as well as combat hyperinflation in the country. In the case of the former, US financial institutions have

    · February 18, 2018 · 2:00 pm
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    Europe’s Small Banks See Crypto as Opportunity to Take on Big Banks

    Unlike larger banks who are criticizing crypto, some smaller institutions in Switzerland, Germany and Liechtenstein are bucking the trend. They are are instead offering their clients opportunities to be a part of the digital currency revolution. Big banks are losing out Whether it be as a method to control the financial freedom that cryptocurrencies offer, or as a genuine way to introduce virtual currencies to the masses, regulation is on the increase. While some major

    · February 13, 2018 · 7:30 pm
  • Iran Turns to Bitcoin in Preparation for Renewed U.S. Sanctions Altcoins, Bitcoin, Bitcoin Exchange, Blockchain Technology, Emerging Markets, News, News teaser

    Bitcoin is More Than Just an Investment Option for Iran

    Iran’s citizens are straining under the weight of aggressive financial sanctions as result of its nuclear initiatives. Cryptocurrencies like Bitcoin provide a circumvention solution. Even though Bitcoin continues its somewhat volatile price jumps, it is still a desirable asset for investors around the world. Since its phenomenal growth last year, people are buying and holding until it reaches even greater heights. Bitcoin Is Not Just Something to Hodl Onto According to The Hill, however, for

    · January 11, 2018 · 7:00 pm
  • Coinsecure Goes For Petro? Altcoin News, Legislation, News, News teaser

    Venezuela’s Parliament: Maduro’s Petro Cryptocurrency ‘Illegal’

    Venezuela’s president may have to put his Petro plans on hold as the country’s opposition party has outlawed the proposed state-controlled crypto. As decentralized cryptocurrencies continue to shine and grow in interest, certain governments are becoming aware of the benefits that virtual currencies have. Countries like Russia and Venezuela are reportedly aiming to introduce their own state-controlled cryptos soon, with latter seeming to make great progress in doing just that. In a bid to fight

    · January 10, 2018 · 11:30 pm
  • Putin Bitcoin, Bitcoin Politics, News, News teaser

    Russia: Putin Advisor Floats Cryptocurrency As Sanctions ‘Bypass’

    An advisor to Russian president Vladimir Putin has formally suggested the idea of using cryptocurrency to circumvent economic sanctions. Glazev: ‘Objective Need’ To Use Crypto Benefits As local news outlet Kommersant reports, Sergey Glazev said Russia faced an “objective need” to leverage cryptocurrency to “bypass” the disadvantages imposed by sanctions from the US, EU, Japan and elsewhere. His words mark an increasingly constructive approach to cryptocurrency regulation within Russia, which has seen multiple U-turns and

    · December 13, 2017 · 10:00 am
  • North korea Bitcoin, Bitcoin Technology, Emerging Markets, News, News teaser

    North Korea Suspected of Hacking South’s Bitcoin Exchanges

    US based Security researcher FireEye claim that the rising price of Bitcoin in tandem with the increasing international sanctions imposed upon North Korea have lead the rogue country to seek Bitcoin hack attacks as an alternate, low cost way of helping finance the state.   FireEye make the claims in a report published Monday on their website, stating that they have been observing actors they believe to be North Korean of origin. These actors have

    · September 13, 2017 · 3:00 am