Digital Assets

In September 2019 the Central Bank of Venezuela, at the request of PDVSA, ran tests to determine if bitcoin and ether could be held in central bank's reserves. The request was motivated by oil company's goal to pay its suppliers. Per researchers, "there is little sign of bitcoin use" in international remittances despite high fees charged by banks and Western Union who compete in this market. The South China Morning Post, however, mentions the use of bitcoin by Hong Kong workers to transfer money home.

Moreover, a cryptocurrency wallet, which can be used to transfer funds, is included by default. Ukraine is officially using bitcoinczech.com to collect donations to fund the resistance against the Russian invasion. According to the officials, 40% of the Ukraine's military suppliers are willing https://zenwriting.net/brittefyqx/so-a-mining-asic-is-a-specialized-computer-that-is-used-for-mining-and-nothing to accept cryptocurrencies without converting them into euros or dollars.

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