2 links tagged with all of: venezuela + sanctions + kontigo
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This article examines Kontigo, a startup linked to Y Combinator that allegedly helps users of the Maduro regime evade sanctions through cryptocurrency. It highlights JPMorgan's role in facilitating transactions for Kontigo's users, raising concerns about financial crime and regulatory compliance.
Kontigo, a fintech startup, allows Venezuelans to convert hard currency into dollar-pegged stablecoins. The company faces scrutiny for potentially facilitating money transfers in a heavily sanctioned economy and is under investigation for possible ties to the Maduro regime.