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Russia Secretly Helped Venezuela Launch a Cryptocurrency To Evade US Sanctions (time.com)
According to an exclusive report by Time, Russia helped Venezuelan officials create the world's first state-backed cryptocurrency to skirt U.S. sanctions. The cryptocurrency was launched in late February and was banned by the Trump administration earlier this week. From the report: The new cryptocurrency, a form of digital cash that is supposedly linked to the value of Venezuela's oil reserves, was launched on Feb. 20 during a ceremony in the presidential palace in Caracas. Nicolas Maduro, the socialist leader of Venezuela, declared that it would serve as a kind of "kryptonite" against the power of the U.S government, which he sarcastically referred to as "Superman." Sitting in the front row at that ceremony were two of Maduro's Russian advisers, Denis Druzhkov and Fyodor Bogorodsky, whom the President thanked for aiding his fight against American "imperialism." Both men have ties to major Russian banks and billionaires close to the Kremlin. But they were not the most senior Russians involved. According to an executive at a Russian state bank who deals with cryptocurrencies, senior advisers to the Kremlin have overseen the effort in Venezuela, and President Vladimir Putin signed off on it last year. "People close to Putin, they told him this is how to avoid the sanctions," says the executive, who spoke to TIME on condition of anonymity. "This is how the whole thing started."
a bit after a russian shill promotes the idea
But... but... but... Hillary Clinton lost the election and the only people who care about Putin's involvement in Venezuela's cryptocurrency are butt-hurt snowflakes who can't accept that their candidate lost.
They seem to be doing a great job of getting them to hook up with Russia. They're also keeping food and medicine out of the country. I'd like to say that at least we're not supporting a dictatorship, but that ship kinda sailed when Trump congratulated Putin on his victory. Helping the Saudis bomb Yemen isn't helping either. We don't have a lot of moral ground to stand on in that theater.
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If the goal was just to evade US sanctions based on dollar, why not just trade oil in ruble or yuan?
Their citizens have suffered enough already. Why focus on one dictator when the world is full of them?
I'm glad Putin did it, even though he's an asshole in general, just like I'm glad Trump reduced H-1B "body-shop" application approvals even though I disagree with most his other stances. I'll give kudos to jerks when they accidentally do right.
Table-ized A.I.
or make a lot of bankers really pissed off, if all the nations that dont want to use the US petro-dollar for trade it could put a HUGE dent in the value of the dollar, which is not worth much nowadays anyway, i bet all those central banks around the world tied to the Rothschild bank and the Federal Reserve would be ready to start WW3 over it
I don't think that's actually true because if it was then we would probably see burgeoning cryptocurrencies being absolutely demolished by 51% attacks. The banks could easily afford to commission their own ASIC chips and begin slaughtering cryptocurrencies en mass. That fact that they are not doing this means they don't see it as a true threat.
Anons need not reply. Questions end with a question mark.
Lol, you sure sound like one.
Only crack the nuts that crack. You don't put the ones that don't crack in the sack.
The Russians secretly helped Venezuela by sitting in the front row at the launch ceremony. Good catch TIME
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