Venezuela uses bitcoin to get around sanctions

Venezuela uses bitcoin to get around sanctions

Bildkälla: Trijo News

The fact that Venezuela invests in bitcoin instead of its own cryptocurrency petro is remarkable.


Venezuela has long attracted attention in the crypto world as they are the only country in the world that has its own state cryptocurrency, the petro.

Now come reports of even more cryptocurrency use in the government of the crisis-hit country, but this time it is not the petro but the world’s biggest cryptocurrency bitcoin.

Used to circumvent sanctions

President Nicolas Maduro has ordered the country’s airports to use an app to receive tax payments in bitcoin.

This is a way to circumvent US sanctions that would otherwise have made those payments impossible, Cointelegraph reports.

The question is whether this will lead to Venezuela giving up its petro entirely and investing in bitcoin instead.

Follow Trijo News on FacebookTwitter and Instagram.

Följ Trijo News på FacebookTwitterInstagram och Youtube.

Dags att börja spara i bitcoin?

Hos Trijo får du Sveriges lägsta avgifter och går från registrering till bitcoin i plånboken på under 60 sekunder.

Andra nyheter

Kopia av Trijo News bild (7)
Kopia av Trijo News bild (3)
Trijo News bild (2)

Ta del av de senaste nyheterna.