Venezuela ramps up Bitcoin payments for imports from Iran and Turkey

Venezuela President Nicolás Maduro claims the country will “use all the cryptocurrencies in the world” to bypass U.S. sanctions. According to an investigative report from RunRun.es, Venezuela intends to increase its use of Bitcoin to pay for imports to bypass financial sanctions imposed by the United States. RunRun.es, which was founded by Venezuelan investigative journalist […]

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SWIFT enables instant cross-border payments

This seeming fight or flight response to blockchain’s rising ubiquity may be “too little, too late.” SWIFT, the Brussels-based interbank cooperative, has unveiled its first active instant cross-border payment connection — a move that could have major implications for the global payments landscape.  The cooperative announced Thursday that U.K.-based Lloyds Banking Group has become the […]

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MyEtherWallet founder weighs in on the most crypto-friendly country

Crypto-friendly regulation may be in the eye of the beholder. With nations around the world each holding significantly different regulations, what is the most crypto-friendly country? Kosala Hemachandra, CEO and founder of MyEtherWallet, labeled the query as a tough one.  “First we have to define what crypto-friendly means,” Hemachandra told Cointelegraph. “Some countries, like China, […]

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