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(Cited from CoinDesk and Cointelegraph)

President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

President Maduro Orders The Bank of Venezuela to Accept Petro Crypto

Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency El Petro at all its branches. Venezuela’s President Nicolas Maduro ordered the country’s leading bank, Banco de Venezuela, to accept the nation’s cryptocurrency, the Petro (PTR) at all of its branches, the country’s Finance Ministry tweeted on July 4.According to the tweet, Maduro gave “the express order to open Petro desks in all the branches of the…

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Cuba ‘Studying Cryptocurrency’ to Dodge U.S. Sanctions, Says Gov’t

Cuba ‘Studying Cryptocurrency’ to Dodge U.S. Sanctions, Says Gov’t

The country’s economy minister confirmed the plans to use crypto in local and international transactions. Cuba is the latest country to consider using cryptocurrency to skirt U.S. sanctions, Reuters reported quoting a government source on July 3.In a public address on local television, the country’s president, Migual Diaz-Canel, said the plan would raise capital for around one quarter of the population, helping to pay for reforms. Cuba has felt a severe knock-on effect from the…

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World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available on Bloomberg Terminal

World’s First Zero-Fiat ‘Bitcoin Bond’ Now Available on Bloomberg Terminal

Argento and LBX say their regulated product is unique in not involving fiat at any stage. Two European companies have launched what they describe as the world’s first genuine bitcoin (BTC) bond, they confirmed in a joint press release on July 3. Luxembourg-based Argento, a securitization firm, joined forces with London Block Exchange (LBX) to issue the bitcoin-denominated bond, which is regulated under the United Kingdom’s regulator, the Financial Conduct Authority (FCA).“We are thrilled to…

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