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CBDCs of the World: The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions

June 19, 2019cashtechnews

The concept of CBDCs has been steadily drawing the attention of jurisdictions worldwide. This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already […]

Russian Central Bank Head: CBDC Under Consideration, But Not For Near Future

June 17, 2019cashtechnews

The head of Russia’s central bank has said that while the launch of a CBDC is being explored, it is not a matter for the near future. The head of Russia’s central bank, the Bank of Russia, has said that while the launch of a central bank digital currency (CBDC) is being explored, it is […]

Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements

May 23, 2019cashtechnews

The head of Bank of Russia said that they will consider a gold-backed crypto for settlements, but using national currencies is more important. Russia’s central bank, the Bank of Russia, will consider issuing a gold-backed cryptocurrency, Russian news agency TASS reports May 23. Elvira Nabiullina, the head of the Bank of Russia, revealed that the […]

Venezuela and Russia Discuss Mutual Trades in Petro and Russian Ruble: Report

May 17, 2019cashtechnews

Venezuela’s representative to the UN reportedly revealed that the country is working with Russia to use oil-backed coin Petro. Venezuela is considering to close mutual trade settlements with Russia using the ruble, Russian government-backed TV channel RT reports on May 17. Jorge Valero. Venezuela’s representative to the United Nations in Geneva said they are also […]

Campaign to Raise $1 Mln in Crypto for Venezuelans Registers 60,000 Beneficiaries

April 22, 2019cashtechnews

A charitable campaign to enable the direct transfer of $1 million in crypto donations has raised $272,000 to date. A charitable campaign to enable the direct transfer of $1 million in crypto donations to Venezuelans has registered around 60,000 verified beneficiaries and raised $272,000 to date. The news was revealed in an interview with the […]

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

March 12, 2019cashtechnews

The U.S. Treasury has sanctioned Moscow-based bank Evrofinance, claiming it was the main international bank that helped finance Venezuela’s controversial oil-backed crypto. The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary international financial institution willing to finance” Venezuela’s controversial national oil-backed cryptocurrency, Petro (PTR). […]

Venezuelan WTO Request Accuses US of ‘Discriminatory Measures’ Against Petro Coin

January 10, 2019cashtechnews

Venezuela has requested consultations with the U.S. government in connection with “discriminatory” sanctions against its national digital currency. Venezuela has taken issue with United States sanctions, including those levied against transactions in the country’s national digital currency, the Petro (PTR), according to a World Trade Organization (WTO) consultation request, published Jan. 8. The request, dubbed […]

Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro

December 13, 2018cashtechnews

Venezuela has reportedly automatically converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro. Venezuela has automatically converted pensioners’ most recent monthly bonus into its national oil-backed cryptocurrency, the Petro (PTR), according to a report from English-language politics blog Caracas Chronicles Dec. 12. First launched as a pre-sale in February, the controversial […]

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Tag: ptr

CBDCs of the World: The Benefits and Drawbacks of National Cryptos, According to Different Jurisdictions

Russian Central Bank Head: CBDC Under Consideration, But Not For Near Future

Russia’s Central Bank to Consider Gold-Backed Cryptocurrencies for Mutual Settlements

Venezuela and Russia Discuss Mutual Trades in Petro and Russian Ruble: Report

Campaign to Raise $1 Mln in Crypto for Venezuelans Registers 60,000 Beneficiaries

US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro

Venezuelan WTO Request Accuses US of ‘Discriminatory Measures’ Against Petro Coin

Report: Venezuela Converts Pension Bonuses into State-Issued Crypto Petro

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