* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Wednesday, August 6, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Themed Entertainment Design – Purdue Polytechnic

    Innovative Themed Entertainment Design: Creating Immersive Experiences

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    Rachael Leigh Cook and Brandon Routh ‘Happy to Have Found Each Other’ Following Respective Divorces – yahoo.com

    ‘Billie Jean’ – Hyde Park Herald

    The Enduring Magic Behind ‘Billie Jean’ Revealed

    Hank Hill returns to a changed world in new ‘King of the Hill’ episodes – New Haven Register

    Hank Hill Navigates a Bold New World in Thrilling New ‘King of the Hill’ Episodes

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Exclusive | Fox Takes Stake in IndyCar Owner Penske Entertainment – The Wall Street Journal

    Go-to entertainment: why gaming was made for the toilet – The Guardian

    Why Gaming Is the Ultimate Way to Pass Time in the Bathroom

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

    LMI Expands Technology Team with Dynamic New Leadership Appointments

    Midland Innovation and Technology Charter School closing down – CBS News

    Midland Innovation and Technology Charter School Closes Permanently

    Future Trends In HR Technology – Dataconomy

    Future Trends In HR Technology – Dataconomy

    Nasdaq-listed Verb Technology to build $558 million TON treasury, rebrand as TON Strategy Co. – The Block

    Nasdaq-Listed Verb Technology to Build $558 Million TON Treasury and Rebrand as TON Strategy Co

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    How Tech Firms Like Google and Meta Are Embracing the Military – The New York Times

    Credo Technology: Wiring The AI Revolution (NASDAQ:CRDO) – Seeking Alpha

    Credo Technology: Driving the Next Wave of AI Innovation

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny

April 30, 2024
in Business
Venezuela’s Digital Currency Use to Face Tighter Regulatory Scrutiny
Share on FacebookShare on Twitter

Shalini Nagarajan

Last updated:

April 30, 2024 05:13 EDT
| 1 min read

Venezuela digital currency

Experts warn that Venezuela’s likely shift towards digital currency necessitates stricter regulations.

The development comes as Venezuela’s state oil company PDVSA is ramping up digital currency use for crude oil and fuel exports, according to Reuters. This decision follows the Biden administration declining to renew a license that had eased restrictions. Essentially, this led to reimposed sanctions on Venezuela’s oil industry.

In response, Venezuelan opposition politician Leopoldo Lopez and a Chainalysis director Kristofer Doucette presented a report on Monday, calling for democratic governments to take action. Their report detailed financial transactions conducted since Venezuelan President Nicolas Maduro’s inauguration.

Government efforts should be taken to counter “Maduro’s attempts to exploit cryptocurrency to move illicit proceeds into the international financial system,” the report said.

Venezuela Turns to Digital Currency to Bypass Oil Sanctions

Since last year, PDVSA has reportedly been quietly ramping up its use of digital currency. The company has particularly been using Tether (USDT) for oil sales to avoid having accounts frozen by US oil sanctions.

Maduro earlier suggested there are countries interested in doing business with Venezuela. But they would be willing to do so if they could use digital currency to avoid the traditional financial system.

The report further stated that other autocratic leaders under international sanctions, like those in Iran and Russia, have launched their own crypto programs. These programs, the report alleges, are a way to dodge financial systems reliant on US dollars or Euros, currencies vulnerable to sanctions.

Global Action Needed to Block Crypto Lifeline for Sanctioned Regimes

Lopez and Doucette put out a strong call to action for Western governments, particularly the US. To safeguard sanctions’ effectiveness, they must close the loophole autocratic regimes are exploiting with cryptocurrency, they said.

Furthermore, their report emphasized the need for a global effort. This effort would involve cooperation with new crypto platforms, bringing them on board as key players. The goal would be to ensure these platforms keep autocrats out of this new financial system.

It also singled out financial institutions and crypto exchanges for being part of the fight against the Maduro regime. To cut off their access, these institutions need to build strong safeguards to prevent the regime from moving, laundering, or hiding its assets within the global financial system, the report said.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : CryptoNews – https://cryptonews.com/news/venezuela-digital-currency-use-to-face-tighter-regulatory-scrutiny.htm

Tags: businessdigitalVenezuela’s
Previous Post

La séparation Red Bull

Next Post

Podcasting For Learning—And An Antidote To Screen Time?

Ecology cleaning up diesel oil spill in Padden Creek – Cascadia Daily News

Ecology Teams Rush to Contain Diesel Spill Endangering Padden Creek

August 6, 2025
Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First – ScienceAlert

Scientists Achieve Incredible Breakthrough by Recreating Prehistoric Atmosphere Using Dinosaur Teeth

August 6, 2025
Commentary: Ending LGBTQ+ health research will leave science in the dark – The Spokesman-Review

The Critical Importance of Continuing LGBTQ+ Health Research for Scientific Progress

August 6, 2025
DeAndre Jordan enjoys Japanese lifestyle, goes viral with comedian Kazuhisa Uekusa amid NBA retirement bu – Times of India

DeAndre Jordan Embraces Japanese Lifestyle and Goes Viral with Comedian Kazuhisa Uekusa Amid NBA Retirement

August 6, 2025
LMI Expands Technology Org, Appoints New Leaders – GovCon Wire

LMI Expands Technology Team with Dynamic New Leadership Appointments

August 6, 2025
Rams QB Matthew Stafford dealing with aggravated disc in back, expected to be ready for Week 1 – Yahoo Sports

Rams QB Matthew Stafford dealing with aggravated disc in back, expected to be ready for Week 1 – Yahoo Sports

August 6, 2025
Inside Mecca’s Flagship in Melbourne, the World’s Biggest Beauty Store [PHOTOS] – WWD

Explore Mecca’s Melbourne Flagship: The World’s Largest Beauty Store Unveiled [PHOTOS]

August 6, 2025
Themed Entertainment Design – Purdue Polytechnic

Innovative Themed Entertainment Design: Creating Immersive Experiences

August 6, 2025
Childhood verbal abuse has lasting mental health effects similar to physical abuse – News-Medical

Childhood Verbal Abuse Leaves Deep Mental Health Scars on Par with Physical Abuse

August 6, 2025
Trump administration cannot reallocate billions meant for disaster mitigation, federal judge rules – PBS

Federal Judge Halts Trump Administration’s Plan to Redirect Billions Meant for Disaster Mitigation

August 6, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (757)
  • Economy (781)
  • Entertainment (21,659)
  • General (16,318)
  • Health (9,819)
  • Lifestyle (790)
  • News (22,149)
  • People (781)
  • Politics (791)
  • Science (15,995)
  • Sports (21,277)
  • Technology (15,760)
  • World (763)

Recent News

Ecology cleaning up diesel oil spill in Padden Creek – Cascadia Daily News

Ecology Teams Rush to Contain Diesel Spill Endangering Padden Creek

August 6, 2025
Prehistoric Air Has Been Reconstructed From Dinosaur Teeth in an Amazing First – ScienceAlert

Scientists Achieve Incredible Breakthrough by Recreating Prehistoric Atmosphere Using Dinosaur Teeth

August 6, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version