Private Equity Moris Beracha Wuani

By  Edward Nash As the South American nation, Venezuela is struggling with economic and political issues; the country’s payment system also has gone down. Venezuela has been experiencing issues related to inflation since World War Two. Reportedly the prices have increased by almost 373,233% in Venezuela. The devaluation of its currency added to the woes of the Venezuelan economy. Due to this economic crisis and political instability, the deteriorating standard of living has forced millions of Venezuelans to move to other countries permanently. The prices of basic necessities have also increased leading to high crime rate and corruption. The value of its official currency,   Venezuelan bolivar has been declining for the last few years, and the devaluation has forced most of the Venezuelans to depend on the cryptocurrencies. Bitcoin is at the forefront in Venezuela, but the instability of the pricing of Bitcoin is also affecting the country’s fiscal status. It should b...

By Moris Beracha .- Due to the steep fall in the prices of the world’s main cryptocurrencies and the implementation of a strong anti-corruption plan, the administration of Jair Bolsonaro, in office since January 1, 2019, has decided to open a black box of cryptocurrency projects that are being developed in the southern giant. Although there is no public stance on cryptocurrencies, officials of the new Brazilian cabinet have already made decisions in this regard. According to some media in Rio, the Brazilian Minister of Women, Family and Human Rights, Damares Alves, suspended a contract for the development of a project that includes the creation of cryptocurrency for indigenous peoples. Through the agreement, the National Indian Foundation (Funai) of Brazil granted a budget of 44 million reais (11.67 million dollars) to Universidad Ferderal Fluiminense (UFF) for the development of the project. The aforementioned plan included, among other actions, the...

By Ana Alexandre   South American cryptocurrency exchange Buda.com has requested Colombian President Iván Duque to help reopen its operations in the country, local news outlet La Republica reported September 21. Digital currency exchange Buda.com — which boasts around 35,000 accounts in Colombia — ceased its operations on June 20 after the country’s banks decided to close all the exchange’s accounts "for the lack of guarantees." The move was reportedly spontaneous; banks confirmed they closed the accounts without providing further explanation. The exchange subsequently experienced technical difficulties, while a letter from a Colombian financial control officer reminded banks that they are not authorized to interact with crypto platforms. Now, Buda.com along with its users and the country’s cryptocurrency association have petitioned President Duque to help reopen the trading platform, saying: "In accordance with the latest pronouncements of...