Any local block reward mining operator must first obtain a license from the government, and be listed on a government register.
The Venezuelan government has continued its internet censorship, with digital currency exchange Coinbase being the latest casualty.
Over 60,000 healthcare workers may miss out on bonus payments after the Venezuela government blocked access to a local digital currency exchange.
The National Tax Harmonization Agreement will implement an information exchange and monitoring system for companies that will allow them to pay taxes in Petro.
The equipment is valued at $79,000, and its operator can face an $18,000 fine over unregistered block reward mining operations.
The government has started requiring all gas stations in Venezuela to sell petrol at a discount in exchange for Petro.
U.S authorities have placed a $5 million bounty on Joselit Ramirez, the head of Venezuela’s digital currency agency.
The U.S. Department of Justice accuses the leader of running a drug-trafficking that relied on digital currencies as payment.
Merchants in Venezuela are refusing to accept payments in Petro crypto, claiming that exchanging the Petros for bolivars is difficult and leads to huge losses.
Venezuelans are desperate to rid of the Petro crypto recently airdropped to them by the gov’t and are now selling it on P2P marketplaces for half the price.