Latest News Of petro Tag
Business 18 October 2019
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.
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.
Business 29 August 2019
Remittance platform for Venezuela’s Petro ready for use
Venezuela’s crypto is now ready to be used for remittances, but will that help anyone?
Business 26 July 2019
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.
Business 5 July 2019
Maduro orders Venezuela’s leading bank to accept Petro
Maduro continues to push the Petro on his country hoping it can save the economy.
Business 21 May 2019
Venezuela and Russia discuss Petro based trade
Desperate to fix their trade situation, Venezuela might be close to convincing Russia to turn to Petro based trade.
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.
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.
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 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.
Business 11 January 2019
Venezuela turns to WTO for help over US sanctions against Petro
The government of Venezuela has filed a complaint with the World Trade Organization (WTO) over U.S. sanctions, including those against the state-backed Petro.
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.