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 4 July 2019

Cuba unveils plan for cryptocurrency as fiat falters

Cuba has confirmed it is considering plans that could introduce a national cryptocurrency, in a bid to revive the country’s flagging economy.

Interviews 12 June 2019

Paxful expands into developing countries with AirTM partnership

Paxful and AirTM both hope to expand their services with the new partnership, increasing access to cryptocurrency in new regions.

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 8 March 2019

Venezuela launches a crypto remittance service

Venezuela is launching a new remittance service for cryptocurrencies, in an effort to save their failing economy.

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.