maduro

Venezuela has increased measures to utilize cryptocurrency payments for cross border payments as it looks to reduce the effect of U.S sanctions. This renewed effort is driven by the new anti-social law introduced by Venezuelan President Nicolas Maduro in September. The anti-sanction law gives the executive power to authorize the creation and implementation of any financial mechanism. This has been put into effect with the South American nation paying allied countries like Iran and Turkey in Bitcoin. Maduro is also…