Venezuela can issue own cryptocurrency

Venezuelan authorities together with Onixcoin are working on own cryptocurrency
10 October 2017   1516

In connection with the extremely difficult economic situation in the country, Venezuelan authorities are considering the possibility of creating their own crypto currency. This is reported by The Merkle.

As the newspaper notes, the central bank of the country seriously thought about the creation of a national crypto currency. This measure is forced, because, according to experts, it can help to overcome hyperinflation. Together with the central bank of Venezuela, Onixcoin is working on the concept of the national crypto currency.

Also, the government of the South American country is considering various opportunities for development of mining in Venezuela.

Because of the raging hyperinflation in Venezuela cryptocurrencies are in high demand. In particular, local businessmen agree to accept even digital collector cards with Pepe frog, created on the Counterparty block-platform.

On the other hand, the Venezuelan authorities are severely suppressing the production of crypto-currency, accusing the miners of Internet fraud and the theft of electricity.

MEW to Launch KYC-less Crypto Withdrawal

Service is available in Euro and Francs to all bank account holders with an international bank account number (IBAN)
21 February 2019   77

MyEtherWallet, a popular cryptocurrency wallet, in collaboration with the Swiss company Bity, introduced the Fiat service, which allows you to exchange digital assets for euros and Swiss francs without verification.

It is noted that the service is available to all bank account holders with an international bank account number (IBAN).

Bity is able to offer this kind of KYC-less Exit-to-Fiat gateway because it is compliant with the Swiss Anti Money Laundering Ordinance (AMLA). This, along with technology that helps verify proof of wallet-ownership, allows Bity to realize the friendliest kind of user experience — frictionless, secure AND regulatory compliant.
 

MyEtherWallet Team

To use Exit-to-Fiat, the user must specify Bity as the service provider in the asset exchange section. You will also need to provide a phone number, bank account details and a billing address.

This information is transmitted to Bity to comply with legal requirements and is not stored by MyEtherWallet.

The maximum transaction size is limited to 5,000 francs (about $ 5,000).