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Uphold withdraws with Venezuela, citing US sanctions

Coin Telegraph LogoCoin Telegraph1w ago

Uphold withdraws with Venezuela, citing US sanctions

Quick Summary

The platform advised users to withdraw funds quickly, noting it would halt trading for Venezuela-based clients on July 31, with all accounts "fully restricted” beginning Sept.30.

The country was also one of the biggest leaders in crypto peer-to-peer transactions in 2021 according to blockchain analytics firm Chainalysis.

In May, President Joe Biden eased some of the sanctions, focusing on restrictions around U.S.-based oil companies including Chevron.


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Article Details

Author / Journalist: Cointelegraph By Turner Wright

Category: Crypto

Topics: Uphold Venezuela United states Sanctions Business

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 21:00:00

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 316 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 6403

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 12 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #11

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