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| Venezuela unveils oil-backed crypto currency CARACAS, Dec. 3 (Xinhua) -- Venezuelan President Nicolas Maduro on Sunday announced the creation of a crypto currency, backed by the world's largest oil reserves, to counter U.S. sanctions that choke off his country's access to dollars. "Venezuela is going to create a crypto currency, a petro ...
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| New currency gaining ground in Brazil The "Gostoso", a solidarity currency created in the distant Brazilian municipality of Sao Miguel do Gostoso, is increasingly replacing the Brazilian real, the euro and the US dollar in a city where the number of foreign residents and tourists has been on the rise in recent months. The local currency ...
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| Cops warn virtual currencies such as Bitcoin are being used by crooks to buy drugs, guns and ... SCOTLAND Yard detectives have warned how virtual currencies like Bitcoin are being exploited by criminals to buy drugs and guns and launder illegal profits. Crooks are using special ATM machines to convert cash into "Geek's Gold" cryptocurrency and then transfer the funds abroad out of British legal ...
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| UK plans tighter Bitcoin regulation The British Government is mounting a crackdown on the virtual currency Bitcoin amid rising concerns about money laundering and tax evasion. The Treasury has said it intends to regulate the digital currency to bring it in line with anti-money laundering and counter-terrorism financial legislation.
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