This Wednesday, the Court of Justice of Lisbon, Portugal, issued a ruling in favor of Venezuela in the case of the 1,500 million dollars that remained withheld at Novo Banco.

The Portuguese entity had withheld the funds in 2019, “after the United States Department of the Treasury announced in January of that year that it would impose sanctions on the PDVSA oil company.”

Consequently, 7,000 million dollars were frozen, as well as all the payments that had to be made to the United States companies that bought Venezuelan oil through Citgo, a subsidiary of PDVSA.

Now, after the court’s ruling, the Portuguese government will have to make the payment “of the final balance on the date of cancellation of the contracts and late-payment interest.”

The Venezuelan government was pleased to hear the news and indicated that it is a victory for the people. The money recovered will be available for social investment.

However, according to statements by former National Assembly deputy Carlos Paparoni, Maduro will not have access to the funds unfrozen by Portugal, given that they are under US Treasury measures. The Vice Minister of Anti-Blockade Policies of the Ministry of Economy and Finance, William Castillo, confirmed this information on his account on the X social network.

For his part, the candidate for the opposition primaries, Henrique Capriles, called on all unions and workers’ unions in the country for the money to be allocated to a $150 bonus for pensioners and public sector workers.

M.Pino

With information from national and international media, agencies and social networks

(Reference image source: X, @NoticiasCanaLi_)

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La entrada Portugal rules in favor of Venezuela in case of money withheld at Novo Banco apareció primero en Bitfinance.

The FTX subsidiaries in Japan indicated in a statement that in mid-February they will begin to return the funds to users, taking into account that they are not part of the FTX Group assets.

After this platform declared bankruptcy and the arrest of its CEO, Sam Bankman-Fried, there was a domino effect that dragged down its affiliates and other cryptocurrency exchanges.

However, recently FTX Japan and Liquid Japan, subsidiaries of FTX in the Asian country, decided to return the funds to the clients, after determining that the money is not part of the funds of the central company.

To access their money, FTX Japan users will need to open an account with Liquid and then transfer to Liquid. A verification of the funds will be made, to be returned to the clients.

The Japanese authorities have made the decision to return the funds to their legal owners, in the midst of a scenario full of doubts and risks. Despite being optimistic, they admit that the FTX situation is not resolved and that delays in the redemption of funds could occur.

M.Pine

Source: diariobitcoin

(Referential image source: dpa; BSM.UPF.EDU / Europa Press)

Visit our news channel on Google News and follow us to get accurate, interesting information and stay up to date with everything. You can also see our daily content on Twitter and Instagram

La entrada FTX Japan clients will be able to withdraw funds in February apareció primero en Bitfinance.