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Brazil Bans X, Chile Sues Worldcoin, and U.S. Targets Venezuelan Petro!

by theamericannews
September 2, 2024
in Chile
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Brazil Bans X, Chile Sues Worldcoin, and U.S. Targets Venezuelan Petro!
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🔴Director Nacional, Andrés Herrera, presentó una denuncia infraccionaria en contra de Worldcoin, operada en el país por la empresa “Grupo Optimistic SpA” y sobre la que recibimos una serie de reclamos y alertas de las y los consumidores. Acá, el DN nos cuenta más👇 pic.twitter.com/JDxDi8xZXY

— SERNAC (@SERNAC) August 29, 2024

This case underscores the growing privacy and security challenges faced by cryptocurrency companies, especially in regions with stringent data protection regulations.

Additionally, the United States is intensifying sanctions against Venezuela, with a particular focus on the use of cryptocurrencies like the Petro. This measure is part of a broader effort to economically isolate Maduro’s government and limit its ability to use digital assets to evade sanctions.

“The VALOR Act will do just that by seeking international cooperation for a peaceful transition to democracy in Venezuela and maintaining sanctions until there is substantial and measurable progress,” Salazar said.

Lastly, the Stellar Development Foundation has invested in the Colombian company Puntored to boost remittances and financial inclusion in Latin America using blockchain technology. This investment is indicative of the growing interest in using cryptocurrencies to enhance financial services in regions with high remittance activity.

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Publish date : 2024-09-02 13:11:00

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