Venezuelan Socialist Government Levies Massive Crypto Tax on Transactions

Venezuelan Socialist Government Levies Massive Crypto Tax on Transactions

Nicolas Maduro’s Venezuelan government has finally shown its true intentions as it drops a new tax on cryptocurrency. Those who perform crypto transactions will now face a 15 percent tax, which many describe as an opportunistic overreach of government power. Some suggest that the tax could be viewed as an act of tyranny. New Venezuelan … Continue reading Venezuelan Socialist Government Levies Massive Crypto Tax on Transactions

Venezuela: Russian Jet Arrives to Withdraw 20 Tons of Gold From Country’s Holdings

Venezuela Russian Jet Arrives to Withdraw 20 Tons of Gold From Country’s Holdings

A Venezuelan former central bank economist and lawmaker has reported that a Russian-registered jet arrived in the country to take 20 tons of gold to an unknown destination. How does Venezuela continue to exist each day? The country with the largest oil reserves in the world cannot afford to feed its citizens. From the outside … Continue reading Venezuela: Russian Jet Arrives to Withdraw 20 Tons of Gold From Country’s Holdings

Iran Aims to Avoid US Dollar by Pitching “Crypto Rial” to 8 Countries

Iran Aims to Avoid US Dollar by Pitching “Crypto Rial” to 8 Countries

Based on a report by the Tehran Times, Iran is in talks with eight countries to use its state-backed cryptocurrency for transactions. The sanction-hit nation located in the Middle East met with counterparts from Germany, England, Austria, Bosnia, France, South Africa, Russia, and Switzerland. Iran’s goal is to convince foreign investors that the country’s cryptocurrency … Continue reading Iran Aims to Avoid US Dollar by Pitching “Crypto Rial” to 8 Countries

Dow Jones Rebound Doesn’t Comfort Investors Due to US Debt

Dow Jones Rebound Doesn’t Comfort Investors Due to US Debt

Any type of debt you can think of has reached all all-time high in the United States since early 2018. Debt in the US is now in the trillions of dollars, which should make investors and Americans alike wary of the rebound seen with the Dow Jones Industrial Average. Dow Jones Recovery isn’t Trustworthy Many … Continue reading Dow Jones Rebound Doesn’t Comfort Investors Due to US Debt