Tagged: corruption

US Department of Justice Alleges that President Nicolas Maduro and other Venezuelan Leaders Used Cryptocurrencies to Bypass Political and Economic Sanctions

The US Department of Justice (DOJ) is alleging that several Venezuelan leaders and politicians, including President Nicolas Maduro, took advantage of their positions, financial systems, and virtual currencies to conceal and carry out criminal activity for more than two decades. An indictment released on March… Read More

Malta Cabinet Approves Three Pro-Crypto Bills. Just Another Red Carpet for Corruption?

Malta’s cabinet has approved three bills to regulate cryptocurrency and blockchain industries within the country, including ICOs (Initial Coin Offerings). The legislation will next be addressed in the Malta Parliament. ICOs are regarded by some as an innovative, efficient, disruptive and democratic means of funding… Read More

Determined: Venezuela Issues White Paper on Controversial Proposed Petro Cryptocurrency

Venezuela has issued a White Paper on its proposed cryptocurrency Petro (PTR). Petro has its origin in former President Hugo Chavez’s controversial idea of a strong currency backed by raw materials, in this case, petroleum; Venezuela is recognized as having the largest oil reserves in the… Read More

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