-
With dollars scarce, Venezuela currency exchanges turn to crypto
Venezuela's government is slowly allowing the use of dollar-tied cryptocurrencies in currency exchanges for the private sector, a dozen sources said, as U.S. restrictions on oil exports reduce available foreign currency. Sanctions by the United States, which the Venezuelan government has characterized as "economic war," prevent many business transactions, forcing companies seeking to buy raw materials from abroad to exchange local bolivars for dollars that are generated by the oil trade and foreign card transactions and are injected into exchanges by the central bank. But oil revenue has taken a hit in recent ... (full story)
- Comments / Top
- Subscribe
-
- Older Stories
From media.rabobank.com|Sep 3, 2025The summer lull is officially over – and financial markets are waking up to a new reality. After a brief stumble in early August triggered by weak US labour data and fresh Trump ...
From financefeeds.com|Sep 3, 2025European Central Bank (ECB) President Christine Lagarde has urged European Union legislators to impose stricter requirements on stablecoins issued outside the bloc. Speaking at a ...
From fxempire.com|Sep 3, 2025Bitcoin (BTC) and gold (XAUUSD) continue to compete as leading alternative assets for investors seeking stability and long-term growth. Gold has surged above $3,500 to new record ...
-
- Newer Stories
From cnn.com|Sep 3, 2025|27 commentsPresident Donald Trump on Wednesday urged the Supreme Court to step into the fray over his emergency tariffs, putting the centerpiece of his economic agenda in the hands of the ...
From msn.com|Sep 4, 2025President Donald Trump signed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act into law on July 18, enacting one of the first major pieces of ...
From financefeeds.com|Sep 4, 2025The Ethereum staking entry line has reached its highest point in two years, showing strong trust in the network’s proof-of-stake (PoS) protocol. ValidatorQueue says that the queue ...
