Tag: Maduro

Venezuelan Company Paying Employees in Bitcoin Gets Shut Down

Various countries continue to oppose cryptocurrencies. Venezuela has become a notorious example in that regard. In a recent turn of events, the government is now targeting companies who pay employees in Bitcoin. One company has been officially sanctioned for doing so. Things got so bad that numerous employees were laid off in the process.  Venezuela has Many Problems Most people are aware of how Venezuela is struggling financially. The country …
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The Venezuelan Government Recalls the Highest Denomination Bill in Circulation

In a shocking announcement, President Nicolás Maduro has ordered that the highest bill in circulation, the 100 Bolivar note ($0.025), be taken off the streets in less than 72 hours. The President argued that the banknotes are being smuggled out of the country by local mafias and powerful economic “enemies”. Venezuela’s president has been denouncing the “mafias”, which –according to him and his staff–have been extracting currency bills outside the …
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