Bitcoin

The U.S. military authorities confirm that Nicolás Maduro uses cryptocurrencies to evade sanctions

Craig Stephen Faller, United States Navy Admiral and Chief of the United States Southern Command, confirmed this Monday October 5th that “the fact that 60% of cryptocurrency transactions take place in the hemisphere is related to what is happening in Venezuela”.referring to the fact that the same You could be linked to Nicolás Maduro, who is sanctioned and whose legitimacy is being challenged by the United States government.

Admiral Faller doesn’t mention where he concludes that 60% of cryptocurrency transactions come from the Latin America region, but he does. expresses that before this fact “they expand their reaction options” in order to assess all the “entanglements” in which Nicolás Maduro is supposed to circumvent the sanctions imposed.

That answer was given in the midst of a series of questions asked by the American military chief The reason why Nicolás Maduro was still in power in Venezuela was addressed and the importance and results of the actions of the United States for the political process in the South American nation were assessed.

Nicolás Maduro and cryptocurrencies

The U.S. military authorities confirm that Nicolás Maduro uses cryptocurrencies to evade sanctions
The U.S. military authorities confirm that Nicolás Maduro uses cryptocurrencies to evade sanctions

Apart from the fact that Admiral Faller can evaluate or know the sources from which cryptocurrencies are linked to the administration of Nicolás Maduro in Venezuela, On September 29, the President himself repealed the “Anti-Blockade Bill,” a bill the President proposed to evade the sanctions the United States has imposed on members of his cabinet and various state-owned companies.

In the middle of the project presentation Maduro stated that the new law would aim to promote the Petro, the state digital currency, and “national and global cryptocurrencies” for trading nationally and internationally. He also specifically mentioned that this project would aim to ensure that “all of the world’s, state and private sector cryptocurrencies” could be officially used in Venezuela.

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