Venezuela Congress Passes Amnesty Law to Free Jailed Politicians
Wednesday,30/03/2016|01:01GMTby
Bloomberg News
Venezuela’s opposition-controlled congress upheld a campaign promise and approved an amnesty law late Tuesday that is likely to deepen...
Venezuela’s opposition-controlled congress upheld a campaign promise and approved an amnesty law late Tuesday that is likely to deepen an institutional standoff with President Nicolas Maduro.
Voting across party lines, the National Assembly passed the Law of National Amnesty and Reconciliation, aimed at freeing dozens of jailed politicians and activists, many of whom were imprisoned during a wave of anti-government protests two years ago. The ruling socialists decried the bill as a grant of blanket-freedom to “coup mongers” and have pledged to block its passage.
“This law has not been made so that those who committed crimes in 2014 will not be punished, on the contrary, this law is made to give justice to the country,” opposition Popular Will deputy Juan Andres Mejia said during the debate.
The central plank of the opposition’s landslide victory in last year’s congressional elections was a pledge to secure freedom for President Maduro’s political opponents, the most prominent being Leopoldo Lopez, a two-time mayor of an upscale Caracas district, sentenced to nearly 14 years in prison for incitement. Since wresting control of congress, the opposition has seen its majority narrowed and its key decisions overturned by the Supreme Court.
The president, who had pledged to defeat the bill, lobbied congress and the wider court of public opinion right up to the last possible minute.
“They are approving a law to protect killers,criminals, narco-traffickers and terrorists,” Maduro warned in a televised address that aired while the bill was being debated. “You can be sure it will not pass.”
Earlier this month, the high court overturned congress’s second attempt to block Maduro’s requests for decree powers, which he says are necessary to fight triple-digit inflation and the biggest economic contraction in more than a decade.
To contact the reporters on this story: Andrew Rosati in Caracas at arosati3@bloomberg.net, Noris Soto in Caracas at nsoto9@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Robert Jameson
Venezuela’s opposition-controlled congress upheld a campaign promise and approved an amnesty law late Tuesday that is likely to deepen an institutional standoff with President Nicolas Maduro.
Voting across party lines, the National Assembly passed the Law of National Amnesty and Reconciliation, aimed at freeing dozens of jailed politicians and activists, many of whom were imprisoned during a wave of anti-government protests two years ago. The ruling socialists decried the bill as a grant of blanket-freedom to “coup mongers” and have pledged to block its passage.
“This law has not been made so that those who committed crimes in 2014 will not be punished, on the contrary, this law is made to give justice to the country,” opposition Popular Will deputy Juan Andres Mejia said during the debate.
The central plank of the opposition’s landslide victory in last year’s congressional elections was a pledge to secure freedom for President Maduro’s political opponents, the most prominent being Leopoldo Lopez, a two-time mayor of an upscale Caracas district, sentenced to nearly 14 years in prison for incitement. Since wresting control of congress, the opposition has seen its majority narrowed and its key decisions overturned by the Supreme Court.
The president, who had pledged to defeat the bill, lobbied congress and the wider court of public opinion right up to the last possible minute.
“They are approving a law to protect killers,criminals, narco-traffickers and terrorists,” Maduro warned in a televised address that aired while the bill was being debated. “You can be sure it will not pass.”
Earlier this month, the high court overturned congress’s second attempt to block Maduro’s requests for decree powers, which he says are necessary to fight triple-digit inflation and the biggest economic contraction in more than a decade.
To contact the reporters on this story: Andrew Rosati in Caracas at arosati3@bloomberg.net, Noris Soto in Caracas at nsoto9@bloomberg.net. To contact the editors responsible for this story: Vivianne Rodrigues at vrodrigues3@bloomberg.net, Robert Jameson
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Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
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Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
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In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
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Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
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- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture