Petro crypto ‘gifts’ await retirees, pensioners in Venezuela
The Venezuelan president is determined to see Petro used, paying pensioners their Christmas bonuses with the crypto.
Latest Nicolas Maduro News
Venezuela president not giving up on state-issued Petro cryptocurrency
President Nicolas Maduro said the state would pay “protectorates and states” the sum of 1 million Petros, twice per month, as a means of encouraging the crypto’s circulation.
Can Venezuela’s central bank store BTC, Ether?
Venezuela's central bank is looking into whether or not digital currency could bolster its international reserve figures, which are now approaching the lowest amount seen in 30 years.
Venezuela now using BTC to avoid US sanctions in airports: report
Nicolas Maduro has reportedly approved the use of an app for collecting airport taxes which converts funds into BTC through several partners.
Maduro orders Venezuela’s leading bank to accept Petro
Maduro continues to push the Petro on his country hoping it can save the economy.
New regulations for Venezuela crypto scene amid civil strife
Venezula has revealed new requirements for exchange platforms and miners. Those businesses will now have to register with a superintend body of crypto-related activities, named Sunacrip, and adhere to new regulations.
Value of Venezuela’s Petro still as clear as mud
Venezuelan President Nicolas Maduro's Petro cryptocurrency has no clear value tied to it, and hasn't helped the people of the country in their dire economic situation.
Venezuela pushes for Petro as unit of measurement for oil
Despite not having a stable economy upon which to build its national cryptocurrency, it is working diligently to have Petro seen as a viable cryptocurrency – although most indications are that it will never truly get off the ground.
Venezuela creates a new national currency affixed on the Petro
The Venezuelan president Nicolas Maduro is planning to introduce a new currency barely two months after his re-election. Maduro’s new currency will have five zeros less than the existing currency.
3 cryptocurrency exchanges fall in Venezuela’s ‘Operation Paper Hands’
The government of Venezuela has shut down three cryptocurrency exchanges as part of its “Operation Paper Hands,” while 16 others have been certified to facilitate Petro transactions in the international market.
Venezuela got help from Russia in launching petro: report
Russian billionaires reportedly advised Venezuelan President Nicolas Maduro in his efforts to create petro, the first state-backed cryptocurrency in the market.
US bans Venezuela’s petro token, imposes further sanctions
Things appear to have only gotten worse for Venezuela after U.S. President Donald Trump signed an executive order on Monday, banning all forms of cryptocurrency issued by the country.