Crypto Disaster Hits Argentina’s President: Legal Action Over $LIBRA Collapse
An Argentine judge has been assigned to investigate allegations of fraud against President Javier Milei following his promotion of the $LIBRA cryptocurrency
Cuba has announced it is considering the use of cryptocurrency in order to bolster its finances.
According to a report from SBS-AAP, the country’s Communist government announced on state-run TV that it would potentially use crypto as part of a package aimed to boost incomes for as much as a quarter of Cubans and assist with market reforms.
The move is possibly influenced by the nation’s ally, Venezuela, which launched its own “petro” cryptocurrency early last year. It’s not clear from the report if Cuba might launch its own token or use existing alternatives, Coin Desk reported.
Cuba's inefficient state economy is facing a crisis due to a sharp decline in Venezuela's aid, a lower export and tightening of the US trade embargo in the current decade under the current president Donald Trump.
The new measures were announced by President Miguel Diaz-Canel and his government on state-run TV. They are expected to increase incomes for about a quarter of the country's population and deepen market reforms in one of the last Soviet-style economies that were launched from the previous president of island state Raúl Castro.
“We are planning to explore the potential application of cryptocurrency […] In fact, we’ve gone further and decided to study the potential use of cryptocurrency in national and international commercial relations.”, saidAlejandro Gil Fernandez, the country’s Minister of Economy and Planning.
At a recent briefing, Russian Foreign Ministry spokeswoman Maria Zakharova accused Bulgaria, alongside Poland, Finland, and Romania, of taking part in the smuggling of Western weapons from Ukraine
Public confidence in President Donald Trump’s second-term policies remains tepid
The parents mourning the victims of the Kocani tragedy expressed deep outrage following a tense meeting with Prime Minister Mickoski, describing the encounter as a profound affront to their pain
EU countries have reportedly reached a consensus on the bloc’s 18th round of sanctions against Russia
The United States announced late Thursday that all parties involved in the Syrian conflict had agreed to take “specific steps” to halt the violence, with hopes of de-escalation beginning “tonight”
Bulgaria's inflation rate stood at 3.1% in June, according to data released by Eurostat
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