Petro

Venezuelan authorities have ordered the termination of operations with payment systems Visa and MasterCard because of sanctions from the United States. This is stated in a joint statement by the Central Bank of the country and the Department for Supervision of the Banking Sector under the Ministry of Economy and Finance, signed on May 16. It is expected that operations on debit cards Visa and MasterCard will be stopped from November 30, 2019, […]

Russian First Deputy Prime Minister Anton Siluanov approved the transfer of VTB's share in the Eurofinance Mosnarbank to US government. Interfax reported this with reference to the head of VTB Andrei Kostin. The share of VTB (25% plus one share), which the bank owns through foreign structures of VTB Bank and ITC Consultants, will be donated to the property of the Federal Property Management Agency. The transaction is expected to take place […]

The past week was the most active in terms of trading volume in Venezuela – almost 17.1 billion sovereign Bolivars were exchanged for bitcoins. In terms of Bitcoin, trading volume was 1 972 BTC. This is evidenced by the data site CoinDance. In turn, the Venezuelan authorities have issued the “Constitutional Decree on the Integrated System of Cryptocurrency Assets”, which regulates the activities of Bitcoin exchanges and other crypto companies. […]