At the end of April, Venezuela’s CRYPTOCURRENCY.
India said on Monday it had no plans to use Venezuela’s local cryptocurrency ‘PETRO’ in oil trade with the Latin American nation, which is facing sanctions from the United States. Responding to a question at a news conference, India’s External Affairs Minister Sushma Swaraj cited an order by the country’s central bank saying it did not allow trade using cryptocurrency.
Swaraj told that India abides by sanctions imposed by the United Nations and not those imposed by any other country, such as ones announced by the United States against Iran.
She made a statement saying,
“India follows only UN sanctions, and not unilateral sanctions by any country,”
The scenario on the use of cryptocurrencies and their trading in India has been going through a whirlwind. With Reserve Ban of India imposing a ban on cryptocurrency dealings via its authorized banks, many cryptocurrency firms and investors in India have filed a petition in the Supreme Court urging to lift the ban. The current status is not clear and the next hearing in due in July.
Indian Crypto Industry Restless As It Awaits Clarity from RBI and The Supreme Court
Read More: In any case, Venezuela’s president Nicolas Maduro has been doing his best to Us publishes latest news and updates about Bitcoin, Blockchain Technology ,Cryptocurrencies and upcoming ICO’s.
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