The Venezuelan government has officially banned cryptocurrency trading.
As a result, banks have removed all virtual currency ATMs, and stores that used virtual currency as a means of transaction will return to trading in bolivars and dollars.
The Venezuelan government hoped that the foreign exchange fee tax would be normalized with this policy.
However, foreign currency fees received at the end of the month were significantly lower than before the ban was implemented.
“What are you talking about? Did the foreign exchange fee actually go down?”
Upon receiving the report, Maduro could not hide his embarrassment.
This is because foreign currency transfer fees as well as currency exchange fees have been cut in half.
“Minister! How did this happen?”
All eyes in the conference room are focused on the Minister of Economy.
He said, wiping the sweat from his forehead.
“The domestic virtual currency trading devices have definitely been removed, but virtual currency trading abroad has increased significantly… … .”
“Overseas?”
“It is said that there are brokers on the Colombian border that exchange virtual currency.”
Maduro tilts his head with an expression of incomprehension.
“Crossing the border to get a money transfer?”
“Since the transfer fee using virtual currency is so cheap, they say it is beneficial even if they give broker fees.”
“It’s amazing.”
“Not only that. Banks have blocked it, but the black market and food exchanges are still trading in virtual currency.”
Watts Pay could be transacted with just a QR code on a mobile phone without a special payment device.
The Venezuelan government did not know this fact, so it made the mistake of withdrawing only ATMs that withdraw real money.
“I can’t. Deploy troops at the border immediately to block the cryptocurrency brokers.”
“That seems difficult. The border with Colombia is too wide… … .”
“Who wants to catch them all? It won’t be enough to just take a few people as representatives and kill them!”
“Ah, I see.”
Maduro pats his chest a few times as if he is frustrated, then mumbles.
“At this point, I have to wipe out the black market, which seemed like a thorn in my eye. Thieves who don’t pay taxes.”
“Mr. President, the black market has already grown too large. A riot might break out if you touch it wrongly.”
“Hey, Minister. Are you saying we should leave the black market alone because we are afraid of a riot?”
“It’s enough to put down a riot, but there’s an election soon, right? How about just watching until then?”
When the word “election” comes out of the minister’s mouth, Maduro starts laughing.
“election? The outcome is all set anyway, so what does it matter?”
If anyone heard it, it would sound like a big deal, but he didn’t care at all.
“Did you all hear what I told you? make it happen as soon as possible Got it?”
* * *
-oh! Representative Shin, I was going to make a phone call anyway.
Chairman Jeong-eui Shin’s voice tone is high after a long time.
I grabbed my phone and said.
“Are you doing anything good?”
-every time. Did you know we have a launching ceremony for our Vision Fund next month?
Vision Fund.
It is the name of a super-large fund with a capital of 100 billion dollars. Recently, additional investors were received, and the capital increased to 130 billion won.
-At that time, it was decided to put WHTS Company’s investment in the first place.
“Good news, you are right.”
– It’s still early to be surprised. The better news is that there is unanimous support for raising the investment to $3 billion. Hot hot hot!
The previously planned investment was about $740 million. If that amounted to $3 billion, the investment would have quadrupled.
“As the president puts his strength into it, things go smoothly.”
-Unanimity doesn’t come from using my strength. This is all thanks to the cryptocurrency payment system you started.
“It’s still only a trial service, but did you think it was good?”
-Starting a service in South America not too long ago worked well for me.
Recently, virtual currency services have been actively carried out from Venezuela to neighboring countries such as Colombia, Ecuador, Peru, and El Salvador.
When Venezuela banned cryptocurrency payments, the demand spread to neighboring countries.
-Isn’t that neighborhood an area that businessmen can enter if they want to? But when you took the place after a few months, everyone was shocked and lost.
“I was lucky.”
-Don’t be too humble. If you were lucky enough to expand your business into South America, you and I would have made it. And if it’s successful in South America, doesn’t that mean it works well in other regions where currency values are unstable?
Even after that, Chairman Jeong-eui Shin cheered me up for a long time.
Rather than praising me, the conversation continued with the meaning of self-congratulations that his eyes were accurate.
– At first, it was so refreshing to see things that were talking about the need to withdraw their investments, but they couldn’t even keep their mouths open.
“I am very glad that things went well.”
– Hum-hum, I knew it would work out from the beginning. Oh yes, but… … What are you calling for?
After 30 minutes of talking to Chairman Jeong-eui Shin, I was finally able to tell him what I had called.
“It’s nothing else, the US presidential election is going to be held soon, isn’t it?”
-yes.
“I contacted you because I was curious about how you handled political donations.”
– Heh heh, yes. It’s time for you too. I’m giving every candidate a million dollars in every election.
The $1 million disclosed by Chairman Jeong-eui Shin meant the amount that was revealed on the surface.
Later, when the final presidential candidates for each party are decided, the full-fledged sponsorship competition begins under the water.
“Are you saying you support both Democrats and Republicans?”
– That’s right. That way there won’t be any gossip later.
If you donate money to all candidates, even if you don’t get hurt, the benefits you can get will be less.
In a word, Chairman Jeong-eui Shin was using a low-risk, low-return strategy.
-Ah, come to think of it, this time it was unusual to not give donations to just one person.
“If you’ll excuse me, may I know who it is?”
-Who is it? It’s Donald Trump.
The moment I hear that name, a bitter smile forms on my lips.
-Silicon Valley seems to have given Hillary and Sanders half-and-half, and Wall Street has given Cruise a boost. Everyone is thinking the same thing.
“Trump must be lonely.”
-Isn’t that the case with a candidate with no hope of winning?
It is not understandable that Chairman Shin Jeong-eui would say such a thing.
It was a time when everyone thought that only Trump would not be president.
-Which candidate are you supporting? Hillary? Sanders? Or a Republican cruise?
“I plan to bet on the side with higher dividends.”
– Then it must be Sanders.
I thought it was really fortunate that I spoke to Chairman Shin Jeong-eui over the phone instead of visiting him. If it wasn’t for that, I would have had to sweat hard to manage my facial expressions.
From noble mtl dot com
* * *
At the beginning of the US presidential primary, Donald Trump was thoroughly excluded as he was evaluated as a “candidate with less than 1% approval rating.”
However, as the primaries progressed, voters who became disillusioned with politics supported Trump.
As a result, Trump was able to put his name on the Republican Party’s final nomination.
Finalist for the Republican primary.
Bondi, even if you come up here, it is normal that huge popularity and donations naturally follow. But that doesn’t apply to Trump today.
[George Soros “Trump is not supposed to be president.” $18 million bet on Ted Cruz.]
[“Let’s stop Trump.” Gathering of Republican conservative forces.]
[“If Trump is nominated, I’d rather pick Hillary.” Republican voters anti-Trump voices are getting louder.]
Trump, the US presidential candidate, opened six newspapers and looked at the headlines one by one.
I was so upset that I laughed out loud. Newspaper articles were either negative to him or full of false articles intended to disparage him.
Cuggit.
Trump gathered up the newspapers and tossed them in the trash. It’s not enough, so he spit out.
“Two, you rotten bastards.”
The media outlets were attacking Trump as if they had promised each other. It was no different than a Republican-friendly media outlet.
Because of this media bias, Trump faced a difficult situation.
“Because these things are messing around, the donation doesn’t come in.”
Cruise, the same Republican nominee, has already raised $45 million in donations, while Trump only has $6 million in donations.
Right now, he is using his personal property to lead the election, but it can’t be like this forever.
“zone! Bring the list of sponsors.”
Trump decided to return the call to the big money he had previously sponsored.
“Here it is.”
After receiving the list of sponsors, my teeth gnashed again.
Since Silicon Valley is originally close to the Democratic Party, even so, the fact that there was no donation even from pro-Republican Wall Street made me feel betrayed.
“Is the donation from Wall Street really worth 0 won?”
“That’s right.”
“after. I’m going crazy.”
“If we win this primary, then we will also receive donations from Republican supporters.”
Hearing that, Trump thumps the armrest as if in a fit and screams.
“I am the #1 candidate in the Republican primary! No. 1 Candidate! But why! Passing this body and being a loser, Cruise has little support!”
It was a self-esteem issue. Originally, the president did not have too much greed, but after feeling the blatantly ignoring stares around him, he made up his mind.
I will become president no matter what.
“Where do you put it?”
Trump scrutinized the list of sponsors. Those who have already donated and can afford to donate again.
While looking for such a person, he comes across an unusual list of sponsors.
“What is this here? Cryptocurrency worth $10 million?”
“You can think of it as an investment product similar to electronic money.”
“Those bankers who have risen to prominence, they create everything.”
“Cryptocurrency is not a bank, but an independent currency. So, I heard that it is not possible to understand the flow of money with the existing system.”
Is it impossible to understand the flow of money? Trump was a businessman, so hearing this immediately struck me.
“So does that mean we don’t have to report this money to the National Election Commission?”
“That’s right.”
“Hoo.”
It was a donation that did not need to be reported to the National Election Commission, in fact, it was like a slush fund directly put into Trump’s back pocket.
It was not just a penny or two, but a sponsor who gave me as much as 10 million dollars, so I was naturally interested.
Trump said again, checking the sponsor’s information on the list.
“WHTS Company? It’s the first time I’ve heard of it. What kind of company is this?”
“This is a company that develops and operates virtual currency. A while ago, we also launched a video SNS called Watts.”
“video? Alas, I remember. The SNS that made me follow the stupid dance on my phone?”
“you’re right. It is very popular with young people.”
Trump snaps his fingers.
“okay. Schedule a meeting.”
“You must have a tight schedule for the rest of your schedule, will you be okay?”
“are you okay. It’s polite to look at the face of the guy who put 10 million dollars in.”
“All right.”
After the secretary leaves, Trump looks at the list of sponsors for a long time and mumbles.
“The developer who created the virtual currency gave me the virtual currency… … I can already smell the money.”