Business 5 February 2019

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.

Business 4 January 2019

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.

Business 13 November 2018

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.

Business 27 July 2018

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.

Business 30 April 2018

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.

Business 21 March 2018

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.

Business 20 March 2018

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.

Tech 19 March 2018

Venezuela’s Maduro encourages residents to mine cryptocurrency

In Venezuela, people are being called upon to build cryptocurrency mining farms throughout the country.

Business 7 March 2018

Opposition declares Maduro’s petro cryptocurrency illegal

Venezuelan politicians lock horns on whether the petro violates the Constitution.