{"id":29399,"date":"2020-09-30T09:58:43","date_gmt":"2020-09-30T06:58:43","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=29399"},"modified":"2025-08-27T16:45:17","modified_gmt":"2025-08-27T13:45:17","slug":"venezuela-to-expand-use-of-cryptocurrencies-to-bypass-sanctions","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/venezuela-to-expand-use-of-cryptocurrencies-to-bypass-sanctions\/","title":{"rendered":"Venezuela to expand use of cryptocurrencies to bypass sanctions"},"content":{"rendered":"<p>President Nicol\u00e1s Maduro presented a government-drafted bill aimed at countering sanctions. It expands the use of cryptocurrencies.<!--more--><\/p>\n<blockquote class='twitter-tweet'>\n<p dir='ltr' lang='es'><a href='https:\/\/twitter.com\/hashtag\/EnVivo?src=hash&#038;ref_src=twsrc%5Etfw'>#EnVivo<\/a> \ud83d\udcf9 | Entregamos a la Plenipotenciaria Asamblea Nacional Constituyente, el Proyecto de Ley Constituyente Antibloqueo.<a href='https:\/\/t.co\/wep591jlKj'>https:\/\/t.co\/wep591jlKj<\/a><\/p>\n<p>\u2014 Nicol\u00e1s Maduro (@NicolasMaduro) <a href='https:\/\/twitter.com\/NicolasMaduro\/status\/1311063567936950272?ref_src=twsrc%5Etfw'>September 29, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src='https:\/\/platform.twitter.com\/widgets.js' charset='utf-8'><\/script><\/p>\n<p>According to Maduro, the document is aimed at encouraging the use of both the national digital currency El Petro and other cryptocurrencies in domestic and international trade.<\/p>\n<p>It is expected to help Venezuela cope with the consequences of U.S. sanctions and contribute to economic recovery.<\/p>\n<p>The document is to be considered by the Constitutional Assembly.<\/p>\n<p><span style='font-weight: 400;'>Earlier, Maduro said that the Venezuelan government uses cryptocurrencies &#8216;for free national and international payments&#8217;.<\/span><\/p>\n<p><span style='font-weight: 400;'>In September 2020, the Venezuelan authorities <a href=\"https:\/\/u1f987.com\/en\/news\/venezuela-to-unite-miners-in-a-national-pool\"><span style='font-weight: 400;'>legalized<\/span><\/a><span style='font-weight: 400;'> mining, obliging miners to obtain a license and join the &#8216;national pool&#8217;.<\/span><\/p>\n<p>Follow ForkLog news on Telegram: <a href='https:\/\/t.me\/forklogfeed' target='_blank' rel='nofollow noopener noreferrer'>ForkLog Feed<\/a> \u2014 the full news stream, <a href='https:\/\/telegram.me\/forklog' target='_blank' rel='nofollow noopener noreferrer'>ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Nicol\u00e1s Maduro presented a government-drafted bill aimed at countering sanctions. It expands the use of cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":29400,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[686,1240],"class_list":["post-29399","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-sanctions","tag-venezuela-cryptocurrency-market"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=29399"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29399\/revisions"}],"predecessor-version":[{"id":29401,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/29399\/revisions\/29401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/29400"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=29399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=29399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=29399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}