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Venezuela
Bitcoin in Emerging Markets: Latin America
Crypto adoption is up from Argentina to Venezuela, especially bitcoin and stablecoins like dai. But each market is unique.
US Says Venezuelan President Maduro Hid Massive Drug Ring Proceeds in Crypto
Nicolas Maduro and his crypto supervisor were two of the Venezuelan officials indicted Thursday on claims they used crypto to conceal the profits from drug running.
Venezuela's Maduro: Airlines Must Use Petros to Pay for Fuel
The state oil company will only accept petro for airplane fuel, per a new decree from Venezuela's president.
Authoritarian Airdrop: Maduro 'Gifts' Petros to Venezuelans for Christmas
Discussing new trials of an LN point-of-sale app; updates in consumer & institutional crypto derivatives, and Venezuelan petros as holiday bonuses.
Venezuela's Maduro Says He Will Airdrop Half a Petro Each to Public Employees, Retirees
Venezuelans including public sector workers, retirees and the military are set to receive a petro token handout this Christmas, so long as they register for the state's crypto payments platform.
Venezuelans Made Lightning-Savvy Hardware to Use Bitcoin During Blackouts
Locha Mesh is building software and hardware for connecting to bitcoin's Lightning Network – even when the power's out.
Lock BTC, Get DAI: Lending Firm Bridges Bitcoin-DeFi Divide in Latin America
Ledn is partnering with MakerDAO to bring the ethereum-backed stablecoin DAI to more users in Latin America.
Flaws in LocalBitcoins Data Call Into Question Regional Adoption Claims
LocalBitcoins data is a starting point for research, but it isn't conclusive evidence of grassroots adoption.
Venezuelan Migrants Are Using Bitcoin for Remittances, But There’s a Catch
For many of these bitcoin users, crypto payments are merely a last resort and fiat transfers are still generally easier.
Venezuela's Maduro Mandates Petro Use in Funding of Housing Project
Venezuela's president has ordered his pet cryptocurrency, the petro, to be used in funding an ongoing housing initiative.
