The Russian Ministry of Finance presented a bill called "On Digital News", which aims to regulate the use of cryptocurrencies as an alternative means of payment to the monetary unit of the Russian Federation.
The document addresses issues on digital assets that have not been explored so far by…
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Currencies
Venezuela could face problems in the sale of foreign currency
Asdrúbal Oliveros, economist and director of Ecoanalítica, stressed that the relationship between the governments of Russia and Venezuela could impact the sale of foreign currency in Venezuela to contain the exchange rate because the…
Hyperinflation boosts the use of cryptocurrencies in Venezuela
Venezuelan citizens currently use dollars, euros, Colombian pesos for their transactions. Cryptocurrencies also have an important use in the market to cancel products and services as a result of the loss of value and confidence of the…
Venezuelan NA sanctions foreign currency tax law
The National Assembly (AN) elected in 2020 sanctioned the reform of the Tax Law on Large Financial Transactions whose purpose is that operations carried out in foreign currency pay a tax at least equal to or higher than that paid today by…
Banxico will issue its digital currency in 2024
In 2021 the central banks of different countries discussed the possibility of creating digital currencies (CBDs, with its acronym in English) in the coming years. The Bank of Mexico (Banxico) reported that it will issue its digital…
Morgan Stanley launches cryptocurrency research team
Morgan Stanley created a new research division that aims to investigate the development of crypto assets and for this it appointed Sheena Shah as the main cryptocurrency analyst. Shah comes from playing a crucial role as Morgan Stanley's…
CBV increases commissions for different banking operations
The Central Bank of Venezuela (BCV) established between 3% and 4% the commission for withdrawing funds from foreign currency in cash, which will be paid in national currency at the exchange rate of the operation, while the sale of foreign…
Bancamiga Exchange Desk registers upturn thanks to the trust of its clients
The Exchange Desk is a legal way to acquire foreign currency in the national market, with total confidence and security for clients, without intermediaries or surcharges.
During the transmission of the Conecta2 program, María Esther…
Maduro will authorize Venezuelan banks to create foreign currency accounts
Venezuelan President Nicolás Maduro announced that his administration will authorize Venezuelan banks to create accounts for payment in foreign currency and reiterated that the country is heading "towards a 100% digital economy."
“We are…
The euro recovered on a day marked by Trump’s illness
The euro recovered this Monday, September 5, and showed an upward trend in a day still marked by the coronavirus disease of the president of the United States (USA), Donald Trump.
The common currency was trading at $ 1.1788 at 15:00 GMT…
ShastaApp was authorized by Sudeban to operate in Venezuela
This week, the Superintendency of Institutions of the Banking Sector of Venezuela (Sudeban) authorized the owners of Shasta App to operate in the country.
It is a digital currency management tool, which comes to help those Venezuelans who…
Argentine companies must sell their savings before requesting foreign currencies
The Central Bank of Argentina issued, this Thursday, May 28, a resolution specifying that companies established in the country must dispose of their assets acquired abroad to cover the debts they obtain with an international supplier and be…