Latest petro News

Can Venezuela’s central bank store BTC, Ether?
Business 27 September 2019

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.

US introduces sanctions against Russian bank over Petro financing
Business 13 March 2019

US introduces sanctions against Russian bank over Petro financing

The U.S. Treasury Department has implemented blocks against Evrofinance Mosnarbank after it was allegedly shown to support Venezuela’s Petro cryptocurrency and was the “primary international financial institution willing to finance” the coin. 

Venezuela’s Petro just got even more ridiculous
Business 12 February 2019

Venezuela’s Petro just got even more ridiculous

Although the Petro still has no clear definition, users of the crypto are going to have to dig deeper into their digital wallets, as the country is imposing a significant tax on all transactions. 

Maduro proves he has no concept of economics
Business 16 January 2019

Maduro proves he has no concept of economics

Venezuela, led by a former bus driver who took over power following the exit of the country’s former dictator, has not done much to show that the man is capable of handling much more than a steering wheel.